June 18, 2018
New York City’s Eastern Consolidated, the commercial sales and leasing brokerage founded by Daun Paris and Peter Hauspurg (pictured) in 1981, is closing its doors. The company will cease operations in July.
In a recent statement, Paris and Hauspurg said they’d hired an investment bank earlier this year to evaluate a buyout offer. “During this process, other opportunities arose, but they all came with terms and conditions with which we were not comfortable,” said the husband-and-wife duo.
Paris and Hauspurg, Eastern’s president and chairman, respectively, said opting to wind down operations was “an incredibly difficult and complicated decision to make, as Eastern has been a huge and incredible part of our lives for nearly 40 years. We’ve had tremendous success, worked with many talented people, and the deals we’ve done have helped transform the New York City skyline.”
They expressed confidence that their team would be “in high demand at other firms.”
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