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Here Comes Another Tower in New York’s Diamond District

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Real estate tycoon keeps wheeling and dealing.

For the past few years, New York real estate magnate Gary Barnett has been charting a course to erect another building near his International Gem Tower in the Diamond District. That plan moved one step closer to fruition after his recent negotiation with two other real estate companies to take control of two properties at the northwest corner of Fifth Avenue and 46th Street, according to The Real Deal News. These deals pave the way for him to build another tower, the report adds, as they mark the latest moves in a string of transactions that have given him additional development rights in the area.

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Celebrate Your Retirement with Wilkerson

For nearly three decades, Suzanne and Tom Arnold ran a successful business at Facets Fine Jewelry in Arlington, Va. But the time came when the Arnolds wanted to do some of the things you put off while you’ve got a business to run. “We decided it was time to retire,” says Suzanne, who claims the couple knew how to open a store, how to run a store but “didn’t know how to close a store.” So, they hired Wilkerson to do it for them. When she called, Suzanne says Wilkerson offered every option for the sale she could have hoped for. Better still, “the sale exceeded our financial goals like crazy,” she says. And customers came, not only to take advantage of the going-out-of-business buys and mark-downs, but to wish a bon voyage to the beloved proprietors of a neighborhood institution. “People were celebrating our retirement, and that was so special,” says says.

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