The Real Deal New York

“I’m going to be beating the shit out of my brokers”: Sturner’s MHP cuts ties with its head of brokerage

Income wasn't progressing as he'd hoped
February 01, 2018 08:30AM

From left: David Greene and Norman Sturner

Last week, MHP Real Estate Services cut ties with its head of brokerage David Greene, who’s been with the company for 20 years.

President and CEO Norman Sturner told the Commercial Observer that “income wasn’t progressing” as he’d hoped, so he and his son — David Sturner, the company’s COO — are going to take over managing the company’s brokers.

“I’m going to be beating the shit out of my [35] brokers.” he said.

Greene and Sturner indicated that the decision for Green to leave was “mutual.”

“There was a lot of transition stuff at MHP,” Greene said. “For me, it felt like I was ready for the next thing. [Norman] knows that I have a lot I want to accomplish. I love New York. I love traveling… It’s not an easy thing to move on, but I’m going to do what I want to do, and I’m going to remain in real estate to a certain extent.”

It’s not clear what Greene will do next.

MHP oversees a more than 4 million-square-foot portfolio. In November, The Real Deal reported that Sturner and Sharif El-Gamal were in late-stage talks to revive plans for a Times Square site once slated for a Dream Hotel. At last check, the partners were planning to build a Margaritaville hotel and restaurant on the site instead. [CO] — Kathryn Brenzel