D
aniel Taub has been appointed Senior Managing Director, Head of Retail at MCB Real Estate, a commercial real estate investment and development firm with over $3 billion in Assets Under Management. With nearly three decades of leadership experience in retail real estate, Taub will oversee the strategic direction, operations, and financial performance of MCB's retail division.
Taub brings extensive expertise to his new role, having previously served as Senior Vice President, National Director-Retail at Marcus & Millichap and Institutional Property Advisors. He will lead leasing and asset management functions, establish relationships within the brokerage community, and support underwriting and development activities across the country.
As Taub takes on this new challenge, MCB Real Estate is poised to capitalize on emerging opportunities in the retail market. The national retail vacancy rate is below five percent, with robust demand for space driving upward pressure on leasing rates. Open-air shopping centers are nearing pre-pandemic levels of visitor traffic, while indoor and outlet mall visits are stabilizing.
Taub expressed his enthusiasm for joining MCB Real Estate, citing the firm's strong platform, industry reputation, and relationships as key factors in its success. He noted that retail is a resilient asset class, constantly evolving, and he is eager to help drive MCB's growth in this dynamic space.
MCB Real Estate remains one of the nation's most prolific real estate development and investment groups, with a robust acquisition and development program underway. Recent retail acquisitions and developments include Falcon Ridge Town Center, Century Marketplace, and Fairway Village, among others. With over $4 billion in new projects in the pipeline, MCB is set to continue expanding its national footprint in high-traffic, high-growth markets.
As Taub leads MCB's retail division, he will work closely with investors and stakeholders to raise the visibility of the firm's brand nationally. His appointment marks a significant milestone for MCB Real Estate, as it continues to expand its presence in the retail market.
