Banyan Street Capital merges with New York real estate firm

Miami-based Banyan Street Capital has merged with New York-based MHP Real Estate Services to form a commercial real estate firm with over $3 billion in assets and over 15 million square feet.

Norman Sturner, the co-founder of MHP, will be chairman of the company. His son, David Sturner, will be president and CEO, after previously being principal and chief operating officer.

“The union of MHP and Banyan Street has been in the works for some time,” Norman Sturner said. "With MHP’s portfolio…

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