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NEW YORK CITY-A chief official with global commercial real estate brokerage firm NAI Global has confirmed that the company is reducing the number of brokers at its New York City office.

NAI Global has slashed the number of brokers at its Manhattan office from 12 to four, according to the Wall Street Journal. The firm is owned by C-III Capital Partners LP, led by Andrew Farkas, which acquired the brokerage back in 2012.

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