NEW YORK CITY—MHP Real Estate Services, a New York City-based real estate investment, management and brokerage firm, and Banyan Street Capital, a Miami, FL-based real estate investment and management firm, have formed a commercial real estate joint venture. Their combined owned and managed assets comprise more than 15 million square feet in the eastern region of the US, with an aggregate value in excess of $3 billion.
Each firm will maintain their teams of professionals. MHP and Banyan Street will continue to operate with their respective brand names. However, they will work together across Banyan Street's Miami, Atlanta and Boston offices and MHP's New York City office. The combined firms will expand Banyan Street's East Coast presence and provide broader capabilities and resources.
Norman Sturner will assume a position as chairman of MHP, and David Sturner will be MHP's president and CEO.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
