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MC Real Estate Partners, which owns office properties in the New York, Boston, and Washington, DC metro areas, was launched this year by Andy Nathan and Steve Grant.
The firm's "Bell Works" project, a 2 -million-square-foot redevelopment of the former Bell Labs' complex, reached a significant milestone with the latest lease deals—roughly 1 million square feet of office space at the complex is now leased.
In this EXCLUSIVE, Skanska's Dennis Yung says the biggest challenge is the decline in and age of the skilled workforce with fewer young professionals entering the construction industry.
The Department Building historical preservation project stood out as a clear winner for GlobeSt.com's 2019 ADAPT awards. We honor the project as the best repositioning of a historic building.
While the co-working movement took root in the urban core of downtown, its role in DFW's office market is being cemented in the suburbs because of the vast geography of the metro.
The joint venture partners state their total investment in the properties, including the purchase price and planned capital improvements, will exceed $100 million.
Persson brings 30 years of commercial real estate industry experience to Avison Young, most recently as a SVP at Newmark Knight Frank in Rutherford, NJ, where he was a member of the company's global corporate real estate group for nine years.