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Lee & Associates NYC, the result of Los Angeles-based Lee & Associates' recent partnership with Sierra Realty, has started to digest what it bit off in terms of its new hires and new digs. In March, the company revealed it was taking on 22,665 square feet on the 26th floor of 600 Madison Ave. in Manhattan. The team, which recently hired 15 new workers, will take the next few months to settle in, “assimilate” the new recruits and then keep growing, says president James Wacht. Lee & Associates, which also opened new offices in Charleston, SC and Ft. Myers, FL, isn't slowing down anytime soon. REAL ESTATE FORUM's West Coast editor, Natalie Dolce, sat down with Lee CEO Edward Indvik for a 10-minute chat about the firm's future and what some have called an “unusual business model.”

NATALIE DOLCE: What's so unusual about Lee & Associates' business model? Can you explain that model and why you believe it works in today's environment?

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