M&B BUILDING TO BREAK GROUND IN MIDTOWN MANHATTAN

NEW YORK CITY — Marx Realty & Improvement Co., Inc. is set to break ground on the M&B (Manufacturers and Builders) Building on the corner of 57th Street and Third Avenue in midtown Manhattan in New York City. Joseph E. Marx Co., Inc. owns the property and plans to construct a 30,814-square-foot, four-story building of all glass showrooms and a fully rentable basement. CB Richard Ellis’ Sloane Rhulen, Susan Kurland and Gregory Tannor will market the building, which is scheduled for completion by late 2011 or early 2012.