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Avison Will Take On Alter Group’s Management Portfolio

Avison Young will assume operation of Wilmette, IL-based Alter Asset Management’s (AAM) office portfolio assignments in Pennsylvania, Georgia, New Jersey and Illinois.  The assignment from the Alter Group’s management arm adds nearly one million square feet of Class A office assignments to Avison Young’s portfolio.

The portfolio includes properties owned by Alter as well as other third-party ownership groups. This is in alignment with Avison’s property management growth strategy driven by Chicago-based managing director Randy Waites.

“We are pleased to transition the national portfolio to a firm of the quality of Avison Young,” said Samuel F. Gould, AAM’s president.  “Over the last half century, our firm has built one of the country’s most elite teams, committed to optimizing the tenant experience and driving NOI on behalf of our clients.”

Over the next 24 months, Alter will have close to two million square feet of new development underway across the country.

Pictured: Randy Waites.

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Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development