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OC Construction Buys Out L&L’s Levinson and Lapidus

OC Construction Management, a New York-based construction management firm, said Monday that its managing principals completed a friendly buyout of its original investors, L&L Holding Company’s David Levinson and Robert Lapidus. Terms weren’t disclosed.

Founded in 2016, the independent firm, which was known as OC Development Management before the buyout, will continue to be managed by CEO Jonathan Ninnis, COO Michael Sci and director of construction James Robinson.

Moving forward, the firm will focus entirely on providing construction management and general construction services to real estate clients across the New York metro area and Northeast. It will also continue to service its current roster of projects, which includes three million square feet under construction.

“We look forward to pursuing the next chapter in the firm’s history and partnering with leading developers to produce the next generation of great projects,” said Ninnis.

Pictured: L&L’s 150 Fifth Ave., the future home of MasterCard’s fintech unit, for which OC is providing construction services.

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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).

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