The Real Deal New York

Posts Tagged ‘stellar management’

  • 2001-2045 Story Avenue Bronx

    2001-2045 Story Avenue in the Bronx (Inset: Stephen Ross and Laurence Gluck)

    The Related Companies is adding to its Bronx holdings with the $66 million purchase of a 10-story, 422,000-square-foot rental building in the Castle Hill neighborhood, The Real Deal has learned. [more]

  • From left: Rendering of One Soho Square and Stellar Development's Larry Gluck

    From left: Rendering of One Soho Square and Larry Gluck

    More legal woes are in the cards for Larry Gluck at his latest Soho project. Springer Science + Business Media — a publishing house that rents 100,000 square feet at 233 Spring Street in the heart of Soho, is suing Gluck’s Stellar Management and partner Rockpoint Group, in a bid to prevent eviction from the space it has occupied since 1980. [more]

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  • 12 East 32nd Street and Stellar's Laurence Gluck

    12 East 32nd Street and Stellar’s Laurence Gluck

    An affiliate of Laurence Gluck’s Stellar Management accused byteLair Inc., a tenant in its Midtown office property, of illegally using the space to host transgender sex parties that would sometimes spill into the lobby and common areas.

    In its lawsuit filed in Manhattan Supreme Court on Wednesday, Hole in One Associates said that its sixth-floor tenant at 12 East 32nd Street rented a traditional office space with desks and computers, but then hung up sheets and room dividers and advertised the space online as a place for “sexual activity by and between ‘transsexual’ and/or ‘transgender’ individuals and/or groups.” [more]

  • 666 West End Avenue on the Upper West Side (inset: Laurence Gluck)

    The Windemere at 666 West End Avenue on the Upper West Side (inset: Laurence Gluck)

    Stellar Management’s Larry Gluck is being hit with a $5 billion lawsuit by a disabled, rent-stabilized tenant, who alleges that the landlord is deliberately letting his Upper West Side apartment building fall into a ghastly state. [more]

  • From left: Shimon Shkury and 305 East 86th Street, part of Stellar Management and the Chetrit Group’s $485-million buy during the third quarter

    From left: Shimon Shkury and 305 East 86th Street, part of a $485-million buy during the third quarter

    Driven by a trio of $200 million-plus deals, the city’s multifamily sector climbed to more than $3 billion worth of sales in the third quarter. [more]

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  • 50 West 93rd Street and Laurence Gluck

    50 West 93rd Street and Laurence Gluck

    Rent-stabilized tenants at two Upper West Side buildings are alleging that they are being harassed by their landlord, the Laurence Gluck-lead Stellar Management. [more]

  • Yorkshire Towers

    Yorkshire Towers at 305-315 East 86th Street

    Some residents at Yorkshire Towers are saying their landlord is forcing them out of the building with exorbitant rent increases ahead of a planned sale. [more]

  • gluck

    From left: One Soho Square renderings (Neoscape, Inc.), Laurence Gluck and Josh Kuriloff

    Cosmetics brand Aveda, an affiliate of Estée Lauder, inked a lease to expand at 233 Spring Street, an office building that’s part of Stellar Management’s One Soho Square project. [more]

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  • Larry Gluck and 252 West 76th Street

    Larry Gluck and 252 West 76th Street

    Lawyers for Laurence Gluck are scheduled for a June 27 court hearing to try to block real estate investor David Benishai from selling his stake in an Upper West Side residential complex to rival firm Argent Ventures. [more]

  • tivoli

    49-57 Crown Street in Brooklyn

    Several federally-subsidized tenants at Stellar Management’s Crown Heights complex Tivoli Towers are refusing to move into smaller apartments — despite orders from the city.

    The Department of Housing Preservation and Development found that some tenants were living in units at 49-57 Crown Street that were too big for their needs according to a recent set of guidelines. The agency wrote letters earlier this year that gave tenants a 30-day deadline to vacate and/or prepare to move. [more]

  • From left: Renderings of 1 Soho Square and 837 Washington Street

    From left: Renderings of 1 Soho Square and 837 Washington Street

    Three old brick Manhattan office buildings are gearing up for 21st-century additions that are heavy on glass, amenities and roof decks. [more]

  • Larry Gluck and 666 West End Avenue

    Larry Gluck and 666 West End Avenue

    Larry Gluck’s Stellar Management, the Upper West Side landlord that caught heat over blocking rent-stabilized tenants from a property’s newly-installed pool, is now under fire for allegedly mistreating workers at the same building. [more]

  • From left: Larry Gluck and rendering of pool at 666 West End Avenue

    From left: Larry Gluck and rendering of pool at 666 West End Avenue

    A landlord of an Upper West Side building is renting out a newly installed pool to a business that provides swim lessons to kids — a move that’s seen as an affront to rent-regulated tenants banned from using it themselves. [more]

  • Renderings of One Soho Square

    Renderings of One Soho Square

    Stellar Management and Rockpoint Group have unveiled a first glimpse at One Soho Square, a planned office project that will roll 161 Avenue of the Americas and 233 Spring Street into one. [more]

  • Laurence Gluck and 252 West 76th Street

    Laurence Gluck and 252 West 76th Street

    Laurence Gluck bought a 50 percent interest in the corporation that owns two Upper West Side rental buildings on West 76th Street, a source familiar with the transaction told The Real Deal. The deal for 250 West 76th Street — a four-story, 4,868-square-foot building, and 252 West 76th, an 11-story, 50,600-square foot building — closed during the fourth quarter of last year. [more]

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  • stellar-gluck

    Riverton Houses at 2156 Madison Avenue and Laurence Gluck

    Stellar Management founder Laurence Gluck is in talks to buy out his longtime investment partner in several New York City properties, Robert Rosania, according to Crain’s.

    Stellar principal Rosania sued Gluck late last year, claiming that Gluck withheld financial records and unjustly enriched himself through a company the two owned together, called Stellar Aries Investor. Rosania sought compensatory damages in the suit. But the duo is now attempting a cordial split, Crain’s said. [more]

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  • milk

    450 West 15th Street and Kyle Ciminelli

    Jamestown Properties has signed up biopharmaceutical firm Intercept as a new tenant at the Milk Studios building, a 281,000-square-foot, eight-story office property bordering the High Line in the Meatpacking District.

    Intercept, which develops medicine to treat chronic liver disease, agreed to a 10-year, 11,124-square-foot lease for part of the fifth floor at 450 West 15th Street between Ninth and 10th avenues. The deal includes a commitment to expand by 9,500 square feet next year. Rent starts in the low-$70s per square foot in the second year, after one year of free rent. [more]

  • gluck-stellar-lawsuit

    From left: Laurence Gluck, 161 Sixth Avenue, 233 Spring Street and Steven J. Cohen

    Stellar Management’s plans to combine two Soho office buildings into one sizable tower have hit a roadblock: A tenant that occupies space in both properties has sued the landlord to stop the project. [more]

  • 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]

  • 450 W. 15th St. and Larry Gluck

    Thanks in part to an unusual piece of seller-financing, Jamestown Properties has closed on its $295 million purchase of the Milk Studios building from Stellar Management, city records show. Records filed with the city Friday show a transfer price of $284.4 million, but The Real Deal has learned that the sale price actually ticks in at $295 million. The New York Post reported in early December that the 281,361-square-foot property, located at 450 West 15th Street in the Meatpacking District, was approaching a sale for $300 million. [more]

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