Stellar Management | The Real Deal New York

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Stellar Management

156 William Street, 10th Floor
New York, NY 10038
(212) 406-0030
Website
Stellar Management
02/12/16
Current reader favorites: 1. Landlords beware: Rental market could be set for a slowdown 2. Lender Apollo defends economics of 111 West 57th St. 3....
Raphael Toledano and Larry Gluck
02/10/16
An affiliate of Larry Gluck’s Stellar Management is suing Raphael Toledano, claiming the investor accepted a $130 million mortgage to finance the acquisition of his...
Larry Gluck 123 Lafayette Street thumb
01/20/16
Larry Gluck’s Stellar Management tripled its money at 123 Lafayette Street after just three years, selling the Soho office-and-retail building for $33.5 million. Stellar bought the six-story, 16,000-square-foot...
Riverton feature
12/17/15
A&E Real Estate Holdings has cut a $201 million deal with the city to buy a Harlem housing complex that will keep nearly 1,000 affordable...
Jonathan Gray
12/03/15
The Blackstone Group is looking to sell the leasehold on an office tower at 1140 Sixth Avenue, according to sources. The investment giant took control...
210 West 70th
11/24/15
Ofer Yardeni’s Stonehenge Partners is in contract to buy a large Upper West Side rental building known at the Bradford for $135 million, according to...
Short term rentals
10/20/15
From the October issue: Stellar Management’s Larry Gluck was not pleased to learn earlier this year that tenants of his Chelsea apartment building were renting...
From left: Larry Gluck and the Paris New York on the Upper West Side
09/16/15
Larry Gluck will always have the Paris. Or he’ll hold it for a while and sell. It depends on the market. Gluck’s Stellar Management is...
130 Second Avnue and Larry Gluck
09/08/15
From left: 130 Second Avenue, Larry Gluck and 175 Eighth Avenue From Orbach Group's $18 million purchase to Madison Realty Capital's $10.2 million sale,...
214 West 21st Airbnb ft
08/24/15
Larry Gluck’s Stellar Management is taking legal action against the market-rate tenants of a Chelsea building for allegedly renting out their apartment through Airbnb. Tags:...
gluck
07/23/15
UPDATED, July 23, 5:11 p.m.: Larry Gluck’s Stellar Management and nonprofit CAMBA Housing Ventures partnered to buy a Staten Island Mitchell-Lama housing complex for $30...
spencer tower copy-
07/09/15
Rendering of the Spencer Tower in Melbourne (credit: Elenberg Fraser) How Beyonce inspired this Australian skyscraper. New renderings of Stellar Management’s 200-unit Greenpoint building. L+M’s...
Ariel Property Advisors Q1 Multifamily Sales
04/27/15
Multifamily sales in New York City hit $3.3 billion in the first quarter of 2015, with sales in Manhattan and Brooklyn each exceeding $1 billion. Tags:...
stephenrossthumb
03/18/15
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,...
One-Soho-Square-Thumb
03/06/15
More legal woes are in the cards for Larry Gluck at his latest Soho project. Springer Science + Business Media — a publishing house that...
gluck-feat
02/05/15
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...
gluck-feat
01/29/15
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...
arielMF
01/26/15
The dollar volume of New York City multifamily sales in 2014 skyrocketed to nearly $12.6 billion, according to a year-end report from Ariel Property Advisors....
RomanThumb
01/19/15
Russian billionaire Roman Abramovich is buying up a large piece of an entire city block to build one of New York’s largest mansions. Tags: Roman...
From left: Shimon Shkury and Mike Tortorici
10/29/14
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. Tags:...
Stuy-Town
09/29/14
UPDATED, 5:49 p.m., October 1: Savvy real estate investors made a killing on distressed properties in the wake of the financial crisis. But as the...
rivertonthumb
09/15/14
A group of Harlem housing complex tenants has filed suit against its landlord, alleging they’re being harassed. Residents of the Riverton housing complex at 2156 Madison Avenue,...
gluck
09/14/14
New York City real-estate mogul Laurence Gluck is suing the architect who designed his $12.5 million Hamptons mansion after the home measured five feet too...
50 West 93rd Street and Laurence Gluck
08/14/14
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. Tags: laurence gluck, stellar...
Yorkshire Towers
08/01/14
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....
To see all, go to Advanced Search
Stellar Management, Chairman and CEO
156 WILLIAM STREET, New York, NY, 212-406-0030
Laurence Gluck, who goes by Larry, is the co-founder, chairman, and chief executive...
  • Event Retail leasing
  • Address 806 Columbus Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 2,564
notes
The chain signed a lease.
  • Event Retail leasing
  • Address 123 Lafayette Street
  • Neighborhood Chinatown
  • Borough Manhattan
  • Square feet 1,356
  • Publication Date 06/01/2015
  • Event Date 04/22/2015
  • Party 1 Stellar Management
  • Party 1 Brokerage Stellar Management
  • Party 1 Broker Andrew Stern
  • Party 2 Love Hate Social Club
  • Party 2 Brokerage RKF
  • Party 2 Broker Taryn Talmadge
notes
The high-end tattoo parlor signed a lease.
  • Event Sales
  • Address 666 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 72,000,000
  • Publication Date 09/01/2010
  • Event Date 07/23/2010
  • Party 2 Stellar Management, Moshe Azogui
notes
The property went into contract for $72 million.
  • Event Sales
  • Address 666 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 68,000,000
  • Publication Date 01/01/2011
  • Event Date 11/22/2010
  • Party 1 Zarucki Family
  • Party 2 Stellar Management
notes
The sale of the prewar building closed for $68 million.
  • Event Sales
  • Address 5 West 91st Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 16,750,000
  • Publication Date 11/01/2010
  • Event Date 09/22/2010
  • Party 1 Stellar Management
  • Party 1 Brokerage Itzhaki Properties
  • Party 1 Broker Ivan Hakimian
  • Party 2 Gaia Real Estate affiliate
  • Party 2 Brokerage Itzhaki Properties
  • Party 2 Broker Ivan Hakimian
notes
The former Mitchell-Lama building sold for $16.75 million. The seller acquired the property in June 2006 for $14 million.
  • Event Sales
  • Address 238 West 71st Street
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 325,000
  • Price $ 178,000,000
notes
The Chicago-based REIT purchased a total of four apartment buildings for $178 million. The properties are located at 228 West 71st Street, 238 West 71st Street, 41 West 86th Street and 52 West 77th Street.
  • Event Sales
  • Address 450 West 16th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 286,000
  • Price $ 161,000,000
notes
The property sold for $161 million. The building is home to Milk Studios.
  • Event Sales
  • Address 450 West 15th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 281,361
  • Price $ 295,000,000
notes
The property sold for $295 million. The deal involved a piece of seller financing, with Stellar providing a $150 million short-term loan to Jamestown, which appears in public records. The move was intended to help the deal close quickly, while giving Jamestown more time to iron out long-term financing, The Real Deal has learned.
  • Event Sales
  • Address 14 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1
  • Price $ 215,000,000
notes
Will remain office
  • Event Sales
  • Address 26 Vandam Street
  • Neighborhood Soho
  • Borough Manhattan
  • Price $ 6,100,000
notes
The property sold for $6.1 million. The price represents a capitalization rate of 4.1 percent.
  • Event Sales
  • Address 161 Sixth Avenue
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 570,000
  • Price $ 200,000,000
notes
The two buildings sold for $200 million, the New York Post reported. The buyers plan to combine the properties and modernize the facilities. Includes 233 Spring Street.
  • Event Sales
  • Address 1140 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 191,000
  • Price $ 97,500,000
  • Price per foot $ 510.00
notes
SL Green sold its leasehold interest in the property for $97.5 million, or $510 per square foot. Stellar Management is acquiring the property in a joint venture with its longtime partner Rockpoint Group. The property was acquired by SL Green in 1997 in conjunction with its initial public offering and is subject to a ground lease with an initial maturity of 2016. SL Green expects to recognize a gain in excess of $60 million.
  • Event Sales
  • Address 522 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 575,000
notes
JP Morgan will move to 245 Park Ave next spring
  • Event Retail Leasing
  • Address 795 Columbus Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 5,700
notes
The home furnishings retailer signed a 10-year lease.
  • Event Retail Leasing
  • Address 350 Greenwich Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 6,000
notes
The drugstore signed a 20-year lease for another location.
  • Event Retail Leasing
  • Address 40 Harrison Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 2,200
  • Publication Date 04/01/2010
  • Event Date 02/20/2010
  • Party 1 Stellar Management
  • Party 1 Brokerage Square Foot Realty
  • Party 1 Broker Aaron Gavios, Julia Maksimova
  • Party 2 Josephine
  • Party 2 Brokerage Evans Real Estate
  • Party 2 Broker D. Blumberg, E. Karmalidenova
notes
The patisserie and wine bar signed a 10-year lease. The reported asking rent was about $125 per square foot.
  • Event Retail Leasing
  • Address 304 East 48th Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 4,700
  • Publication Date 10/01/2007
  • Event Date 08/22/2007
  • Party 1 Stellar Management
  • Party 1 Brokerage Winick Realty Group
  • Party 1 Broker Steven Baker, Janine Forte, Jeff Winick
  • Party 2 35 H&Y Duet
  • Party 2 Broker Fuminori Yokoyama, Joseph F. Annunziata
notes
The karaoke bar signed a 15-year lease.
  • Event Office Leasing
  • Address 712 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 75,000
notes
The healthcare consulting firm signed a long-term lease renewal and expansion.
  • Event Office Leasing
  • Building Name Milk Building
  • Address 450 West 15th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 6,000
  • Price per foot $ 60.00
notes
The accessories designer signed a five-year lease on the fourth floor.
  • Event Office Leasing
  • Address 2 Rector Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 17,945
  • Publication Date 01/01/2011
  • Event Date 11/22/2010
  • Party 1 Stellar Management
  • Party 2 Five Star Electric
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Barrett Stern
notes
The electrical contractor signed a five-year lease.
  • Event Office Leasing
  • Address 2 Rector Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 15,917
notes
The architecture and design firm signed a 10-year lease for the entire 25th floor in the 444,300-square-foot Class A building. The company is relocating from its previous offices at 85 Fifth Avenue.
  • Event Office Leasing
  • Address 2 Rector Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 4,000
notes
The accounting consulting firm signed a lease on the 12th floor.
  • Event Office Leasing
  • Address 2 Rector Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,500
notes
The financial services firm signed a lease on the 17th floor.
  • Event Office Leasing
  • Address 1140 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 15,122
  • Publication Date 08/01/2008
  • Event Date 06/22/2008
  • Party 1 Stellar Management
  • Party 1 Brokerage Robinson Ornstein Real Estate Advisors
  • Party 1 Broker Lindsay Ornstein, Patrick Robinson
  • Party 2 P/S/L Group America
  • Party 2 Brokerage CBRE
  • Party 2 Broker Paul Amrich, Patrice Hayden, Fernando Urrutia
notes
The communications company signed a 10-year lease for space on the 14th and 15th floors.

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