X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Having wound down their involvement with AREA Property Partners, which they sold to Ares Management earlier this summer, the Mack family has launched Mack Real Estate Group as its new vehicle for investment and development. The company will be headquartered in New York, as AREA was, with plans to launch satellite offices in Los Angeles, Seattle and London within the next six months.

William Mack and Richard Mack, cofounders of AREA, will serve as chairman and CEO, respectively, of MREG, which they have founded with Stephen Mack. Richard Mack, formerly North America CEO at AREA, will also serve as a consultant to Ares through year’s end. William Mack, who served as chairman of AREA, is also board chairman at East Coast office REIT Mack-Cali Realty Corp.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.