"Yes, he is leaving or has left" the source tells GlobeSt.com."I don't think he left for another opportunity. I do think there'sa major downsizing going on there."

Witkoff, based here, specializes in acquiring and renovatingoffice properties, such as the landmark Woolworth Building. But CEOSteven C. Witkoff keeps the firm active in virtually all aspects ofthe industry and across most sectors in several key markets.Witkoff and Stone did not return calls by press time.

Stone's departure coincides with another CFO switch, thisone at CB Richard Ellis. Kenneth J. Kay on Friday replaced JimLeonetti as the firm's chief financial officer. Kay comes from DoleFood Co. Inc., where he served as vice president and CFO.

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