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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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When Sales Beat Projections, You Know Wilkerson Did Its Job

There are no crystal balls when it comes to sales projections. But when Thomasville, Georgia jeweler Fran Lewis chose Wilkerson to run the retirement/going-out-of-business sale for Lewis Jewelers and More, she was pleasantly surprised to learn that even Wilkerson could one-up its own sales numbers. “Not only did we meet our goal, but we exceeded the goal that Wilkerson had given us by about 134%,” she says. After more than 40 years in the business, Lewis says she decided a few years ago to “move towards retirement.” And she was impressed by Wilkerson’s tenure in the industry. Overall, she’d recommend the company to anyone else who may be thinking it’s time to hang up their loupe. “As a full package, they’ve done a very good job and I’d definitely recommend Wilkerson.”

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