Daniel Taub Named Senior Managing Director, Head Of Retail

MCB Real Estate, a commercial real estate investment and development firm with nationwide holdings and more than $3 billion Assets Under Management (AUM), has selected Daniel Taub as Senior Managing Director, Head of Retail. Taub, who brings nearly three decades of leadership in retail real estate to the firm and was formerly Senior Vice President, National Director-Retail at Marcus & Millichap and Institutional Property Advisors in New York City, will be based in MCB’s Baltimore headquarters.

Taub will lead the strategic direction, operations, and financial performance of MCB Real Estate’s retail division, overseeing all leasing and asset management functions. He will also establish and bolster relationships within the brokerage community, and support the underwriting of retail acquisitions and assist in the planning and leasing of retail-related and mixed-use developments across the country. Taub will also engage with investors and other stakeholders to raise the visibility of MCB Real Estate’s brand nationally. The retail asset class comprises approximately 40 percent of the firm’s current real estate holdings.

“As we continue to aggressively expand our national retail portfolio through strategic acquisitions and ground-up development activities, it was critical to broaden the capabilities of our team with a proven real estate professional like Daniel, to capitalize on emerging opportunities and deliver exceptional asset value,” stated P. David Bramble, MCB Real Estate’s Managing Partner and Co-founder. “Daniel is a highly-respected professional with deep expertise and national brokerage and retail relationships, and his vision, experience and collaborative approach will be instrumental in shaping the future of MCB’s retail presence.”

According to the International Council of Shopping Centers (ICSC), the national retail vacancy rate is less than five percent, and robust demand for space spanning nearly every retail category is placing upward pressure on leasing rates. Open-air shopping centers are nearly back to pre-pandemic levels of visitor traffic, while indoor and outlet mall visits are stabilizing below pre-pandemic levels. Shopping center pricing and fundamentals suggest now is an opportune time to invest.

During his time at Marcus & Millichap, Taub oversaw $13.5 billion in transaction volume and led a team of 450 brokerage professionals across the United States and Canada. He also spent more than 22 years at DLC Management Corp., rising from Associate to President and managing a portfolio of 115 shopping centers spanning 24 states.

“Retail as an asset class is incredibly resilient and constantly evolving,” Taub explained. “After navigating numerous market cycles and building enduring relationships across the industry, I am energized to help drive MCB’s growth in this dynamic space. The quality of the real estate, the strength of the platform and, especially, the special sauce that defines the firm including its people, industry reputation, and relationships, make MCB a powerhouse operation. I am ready to carry that momentum forward.”

Taub earned a Bachelor of Arts degree in Economics from Boston University and a Real Estate Management Program certificate of completion from Harvard University.

Robust acquisition and development program continues
MCB Real Estate remains one of the nation’s most prolific real estate development and investment groups, fueled by recent acquisitions and visionary redevelopment and ground-up development program. Taub has been tapped to lead strategy for the company’s rapidly expanding retail portfolio. Recent retail acquisitions and developments include Falcon Ridge Town Center, a 275,000-square-foot grocery-anchored shopping center in Fontana, California, acquired last year for $64.7 million; Century Marketplace, a 14-lot assemblage in Brooklyn acquired last month and planned as a $100 million retail center with construction starting this year; and Fairway Village, a $115 million mixed-use development in Waldorf, Maryland, featuring the area’s first Weis Markets and 120,000 square feet of retail, with delivery set for early next year. Additional notable MCB development projects include Armory Square, a 110,000-square-foot retail center in St. Mary’s County, Maryland, currently under construction; Drexeline Town Center, a $100 million mixed use redevelopment in Drexel Hill, Pennsylvania, expected to be completed this fall; and Viva White Oak, a 280-acre site outside Washington, D.C., approved for 12 million square feet of mixed-use space, alongside the reimagining of Baltimore’s Harborplace. With more than $4 billion in new projects in the pipeline, MCB Real Estate will continue expanding its national footprint in high-traffic, high-growth markets across the country.