search

The Real Deal Logo

Trending

Glossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseSwig finds new bottom with DTLA office sale at $94 a sfSwig finds new bottom with DTLA office sale at $94 a sf“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab law“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab lawTides Equities faces three foreclosures in Fort WorthTides Equities faces three foreclosures in Fort Worth
New York

The Closing: David Lichtenstein

The billionaire CEO on his rabbi father, soul-crushing cynics and buying Chagalls

David Lichtenstein (credit: Larry Ford)
David Lichtenstein (credit: Larry Ford)

From the September issue: David Lichtenstein is the CEO of the Lightstone Group, a Manhattan-based real estate firm with a $2 billion portfolio that includes 11,000 apartments and 3,200 hotel rooms nationwide. A Democratic donor and a self-made billionaire, Lichtenstein has had his share of ups and downs.

Sign Up for the undefined Newsletter

In 2009, his Extended Stay hotel empire filed for bankruptcy and was ultimately overtaken by investors. But the firm — which Lichtenstein founded in 1988 — is currently developing several NYC hotels in partnership with Marriott International’s Moxy Hotels, including a 300-key property in the East Village and a 16-story conversion near Times Square. It’s also building 363 and 365 Bond Street, a 700-unit rental development in Gowanus. [more]

Tags
David LichtensteinLightstone Group