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Posts Tagged ‘laurence gluck’

  • From left: Jared Kushner, Two Rector Street and Laurence Gluck

    From left: Jared Kushner, Two Rector Street and Laurence Gluck

    A partnership between the Kushner Companies and CIM Group has paid $140 million to Stellar Management’s Laurence Gluck and Savanna Real Estate Fund for a Lower Manhattan office tower at 2 Rector Street, the New York Post reported.

    Located on the southeastern side of the World Trade Center between Trinity and Greenwich Streets, the 465,000-square-foot, 26-story tower sold for $300 per square foot. [more]

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  • Stellar’s Laurence Gluck and 450 West 15th Street

    Stellar Management chief Laurence Gluck is preparing to sell the Milk Buidling, a 281,000-square-foot office property bordering the High Line, he said tonight.

    Gluck, one of the city’s most renowned landlords, has enlisted the help of commercial brokers Doug Harmon and Adam Spies of Eastdil Secured to sell the property, which will likely come to market next year. Sources told The Real Deal that the building, at 450 West 15th Street, could trade for up to $300 million. Gluck revealed the news while on a panel at the Young Jewish Professionals real estate summit at Cooper Union. [more]

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  • 27 West 72nd Street

    You can be sure this real estate gem didn’t come from a pawn shop.

    Brent Montgomery, creator of the popular reality TV show “Pawn Stars,” paid $6.9 million for a duplex penthouse at the Olcott condominium on the Upper West Side, according to records filed with the city today.

    Montgomery runs Leftfield Pictures, the New York-based production company behind such reality shows as ABC’s “Ball Boys” about a Baltimore-area sports memorabilia shop, the Science Channel’s “Oddities,” set in an East Village antique shop, and the self-explanatory “Monster In-Laws” on A&E. [more]

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  • From left: 111 Kent Avenue and Laurence Gluck, founder of Stellar Management

    [Updated at 3:20 p.m. with comment from Studley, Real Capital] Laurence Gluck’s Stellar Management and Largo Investments have sold 111 Kent Avenue, a 62-unit luxury rental building in Williamsburg, for just under $56 million, one year after the firm purchased the stalled project, sources told The Real Deal. [more]

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  • From left: Laurence Gluck and 233 Spring Street and 161 Sixth Avenue

    Stellar Management President Larry Gluck closed on his purchase of two industrial office buildings in Soho and plans to combine the structures into a single tower, according to the New York Post. Gluck paid $200 million for the 16-story, 320,000-square-foot office building at 161 Sixth Avenue and the 10-story, 250,000-square-foot property at 233 Spring Street, both of which are off the corner of Sixth Avenue and Spring Street. [more]

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  • Laurence Gluck, president of Stellar, and 49 Crown Street (credit: PropertyShark)

    The former owner of a large Crown Heights rental apartment building called Tivoli Towers claims that office and residential landlord Laurence Gluck and two of his companies which bought the property in 2010, allegedly owe it $400,000 in connection with that transaction.

    Donald Lentnek, who sold the 33-story Tivoli to Stellar for $9.5 million, filed the lawsuit this afternoon against Gluck, and two companies (Tivoli Stock LLC and Tivoli B.I. LLC) on behalf of himself; the estate of his late mother Betty Lentnek; and their company Tivoli Associates, seeking what Lentnek says were past due rents owed by tenants at the time of the sale. [more]

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  • Gluck’s tenants accused of fraud

    April 12, 2012 11:00AM

    From left: Independence Plaza and Antonio Fermin

    The New York City Department of Investigation’s peek into the goings on at once Mitchell-Lama regulated Independence Plaza in Tribeca have revealed more alleged crimes, DNAinfo reported. Antonio Fermin, a noted pianist and former teacher at the Juilliard School, was arrested Tuesday for hiding his Sagaponack, N.Y. home, valued at $1 million, from the city in order to receive Section 8 rent subsidies for a two-bedroom apartment at Independence Plaza. [more]

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  • From left: Laurence Gluck and Independence Plaza

    Developer Laurence Gluck is on somewhat of a winning streak. Just 11 months after a federal judge ruled the developer did not illegally deregulate apartments at his 1,328-unit Tribeca complex Independence Plaza, at 80 North Moore Street, a state Appellate Court has followed suit, reversing an earlier ruling to the contrary, The Real Deal learned today. [more]

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  • Stellar's Laurence Gluck and 111 Kent

    Laurence Gluck’s Stellar Management has put 111 Kent Avenue, a 62-unit luxury rental property in Williamsburg, on the market, just one year after it purchased the stalled project from Garrison Investment Group for $24.6 million, Crain’s reported.

    Stellar, which partnered with Largo Investments in last year’s acquisition, said it had always intended to sell the building at some point; It has retained Studley to market the property. [more]

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  • From left: Stellar Management's Laurence Gluck, Meyer and Joseph Chetrit, and Columbus Square

    [Updated at 5:19 p.m. with comment from Laurence Gluck, president of Stellar] Colorado-based multi-family landlord UDR partnered with MetLife to purchase the newly developed, five-tower apartment complex Columbus Square for $630 million, UDR said in a statement this afternoon.

    The seller was a partnership of Laurence Gluck’s Stellar Management and the Chetrit Group.  Stellar and Chetrit did not immediately respond to a call for comment. [more]

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