The move is part of an overall strategic realignment ofC&W's capital markets group that creates a New Yorkmetropolitan hub, C&W says in a release. The hub offers a fullyintegrated suite of services including debt and equity finance,investment banking and investment sales, the release states.

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"Andy and his team are consistently the best of the best in thetri-state region and nationally for Cushman & Wakefield, and weare very pleased that they will add Manhattan to their existingterritory," says Frank Liantonio, EVP for C&W's capital marketsgroup, in the release. The company says it expects that bringingthe Merin team's expertise and long-term institutionalrelationships into its Manhattan operations will be complementaryto its entire capital markets group and its clients here andnationwide.

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Merin topped C&W's list of investment sales professionalsfor 2009, while three other members of his team ranked in the top10, the company says. He and members of the New York metropolitanarea capital markets group will maintain offices in New York andNew Jersey.

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In other news, C&W on Friday announced that William S. Elderhas joined the firm as senior managing director in its strategicagency services group. He'll be responsible for pursuing newleasing agency business, as well as overseeing existing clients'marketing and leasing programs.

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Elder was previously EVP of leasing for the Ruben Cos., where hewas responsible for representing the Ruben family's 50% interest inthe $2.5 billion-plus Resnick Manhattan commercial portfolio.Before that, he was SVP at SL Green Realty Corp., and oversawReckson's New York City division prior to its merger with SLGreen.

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Earlier this week, C&W promoted A. Mitti Liebersohn from EVPto vice chairman. Liebersohn has been ranked among C&W's top 10brokers nationwide for the past two years and among its top 50 formore than a decade. He specializes in corporate portfolio leasingstrategies.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.