Taking a cue from other real estate companies, Benjamin James Real
Estate has cut staff and closed offices amid a still-ailing real estate
market. The company is down to one office, located at 120 West 21st Street,
down from three a year ago, according to Douglas Wagner, the company’s
president and general manager. The company closed its Soho office, at 96 West Houston Street at
LaGuardia Place, around a year ago, Wagner said, then closed its Union
Square branch, at 900 Broadway, May 1. Fitting into one 1,000-square-foot office required the company to
reduce its workforce by about 14 people during a “very unpleasant
Friday afternoon” in April, Wagner said. [more]


