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NEW YORK CITY — Faris Lee Investments has opened a new office at 711 3rd Avenue in Manhattan, New York City. The expansion is a move to increase its presence on the East Coast and grow its market share. Richard Berlinghof will head up the new office as principal. In his new position, Berlinghof will help build relationships with financial institutions on the East Coast, as well as analyze and advise on distressed assets, portfolios and loans. Berlinghof has more than 23 years of commercial real estate experience encompassing lending, acquisitions, investment sales and mortgage banking.