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 is a real estate investment and management firm founded in 1985. Stellar has more than 100 buildings in New York City and Miami, with 2 million square feet of commercial space besides. Run by Larry Gluck, who founded the firm with Steve Witkoff in 1985, Stellar initially made a name for itself by developing low-income rental buildings in Washington Heights. Since the early days, Stellar has moved into renovating larger projects (such as Harlem’s Riverton Houses in 2005, where it later defaulted during the financial crisis) and purchasing more luxurious apartments (such as in 2016, when it purchased the Paris for $146 million). Currently, Stellar Management is at work with partner Rockpoint Group on One Soho Square, a 768,000-square-foot retail and office development in lower Manhattan.

Stellar has also made headlines over the years for various lawsuits and tenant complaints. In 2016, Stellar sued Brookhill Properties founder Raphael Toledano for allegedly backing out of a $110 million loan. In 2014, Stellar was accused by rent-stabilized tenants in one of its Upper West Side apartment buildings of harassment, and the firm has been accused in the past of barring other rent-stabilized tenants from using certain amenities.


12/07/18
...the 2022-23 school year. Vornado Realty Trust and Stellar Management own the property and previously said they would need the school’s space for...

11/06/18
...Stephen Meister, who has represented major landlords like Stellar Management in large rent-regulation cases, characterized luxury decontrol as “pro-tenant.” “ not anti-tenant, because it enables...

11/05/18
...Barberry Rose Management bought an Inwood property and Stellar Management and City Urban Realty acquired a Williamsburg apartment building. 1.) Barberry Rose Management bought a...

11/02/18
...and Gabby Sement of CBRE represented the landlord, Stellar Management. 10) Buzzfeed, 110 Fifth Avenue, Flatiron - 11,000 square feet The media company signed a lease for...

10/30/18
...is taking a total of 45,500 square feet at Stellar Management...

10/30/18
...tenant harassment or violating rent-regulation laws. For instance, Stellar Management...

10/19/18
...expired four years earlier, the Chetrit Group and Stellar Management build a 30-story apartment building at 808 Columbus Avenue. The court ruled 3-1 that a...

10/12/18
...Stephen Meister, who has represented major landlords like Stellar Management in large rent-regulation cases, characterized luxury decontrol as “pro-tenant.” “ not anti-tenant, because it enables...

10/11/18
...-70 West 97th Street (Credit: CityRealty) Stellar Management landed a $75 million mortgage for the Central Park Gardens apartment complex in the Upper...

10/03/18
...Stephen Meister, who has represented major landlords like Stellar Management in large rent-regulation cases, characterized luxury decontrol as “pro-tenant.” “ not anti-tenant, because it enables...

...Stephen Meister, who has represented major landlords like Stellar Management in large rent-regulation cases, characterized luxury decontrol as “pro-tenant.” “ not anti-tenant, because it enables...

09/11/18
...Ozarowski of Newmark Knight Frank represented the landlord, Stellar Management. 5) Carlyle Group, 1 Vanderbilt Avenue, East Midtown - 94,367 square feet The asset manager inked a...

08/09/18
...for a little more than 100,000 square feet at Stellar Management’s One Soho Square, sources told The Real Deal. Aetna signed a lease for...

07/25/18
...below: 1) Residential refi — $675 million Vornado Realty Trust and Stellar Management landed a $675 million refinance of Independence Plaza was provided by Goldman Sachs. The loan...

06/12/18
...m.: Vornado Realty Trust and Larry Gluck’s Stellar Management refinanced their Tribeca rental tower Independence Plaza with a $675 million mortgage, Vornado announced Tuesday...

06/12/18
...Larry Gluck and 3430 Broadway (Credit: Stellar Management) Larry Gluck’s Stellar Management is purchasing another rental building in Hamilton Heights for...

04/30/18
...get rewarded,” he said. At One Soho Square, Stellar Management is combining two buildings it bought in 2012 for $200 million into a hip office space...

...get rewarded,” he said. At One Soho Square, Stellar Management is combining two buildings it bought in 2012 for $200 million into a hip office space...

01/31/18
...Greenspan family bought it from Larry Gluck’s Stellar Management for $14 million in 2012; the other three have been in the family for decades, records...

01/26/18
...its 25 percent stake in One Soho Square to Stellar Management in a deal that valued the building at $650 million; bought a pair of rental...

01/05/18
...Bernstein of JBA Real Estate represented the landlord, Stellar Management. 180 Third Avenue 8) Westside Market, 180 Third Avenue, Gramercy - 5,000 square feet The grocery store inked...

12/21/17
...the city’s largest multifamily owners: Scharfman Organization, Stellar Management, Kushner Companies, Bronstein Properties and many others. Each suit came with a press release...

11/16/17
...The Two Towers - $400 million Chetrit Group and Stellar Management refinanced the Yorkshire Towers and the Lexington Towers apartment buildings with $550 million from Natixis...

11/14/17
...was a gift from Gluck, the founder of Stellar Management, who Meister represented in a well-publicized 2012 victory to deregulate the 1,000-plus-unit rental complex in...

...was a gift from Gluck, the founder of Stellar Management, who Meister represented in a well-publicized 2012 victory to deregulate the 1,000-plus-unit rental complex in...
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 Office Leasing
  • Address 50 West 28th Street
  • Neighborhood Nomad
  • Borough Manhattan
  • Square feet 34,500
  • Price per foot $ 10.00
  • Publication Date 11/03/2018
  • Event Date 10/30/2018
  • Party 1 Stellar Management
  • Party 1 Brokerage JBA Real Estate
  • Party 1 Broker Jonathan Bernstein
  • Party 2 WeWork
  • Party 2 Brokerage WeWork
  • Party 2 Broker Arash Gohari
notes
The co-working firm signed a 10-year lease for the Nomad location which had an asking rent of $54 per square foot.
  • Event Retail Leasing
  • Address 1 Soho Square
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 13,266
  • Publication Date 10/15/2018
  • Event Date 10/12/2018
  • Party 1 Stellar Management
  • Party 1 Brokerage CBRE
  • Party 1 Broker David LaPierre, Kristen Crossman, Gabby Sement
  • Party 2 CVS
  • Party 2 Brokerage RKF
  • Party 2 Broker Ariel Schuster, Brandon Eisenman, Thomas Cholnoky
notes
The pharmacy inked a lease for the Soho building.
  • Event Financing
  • Address 28 West 97th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 342,500
  • Price $ 75,000,000
  • Publication Date 10/15/2018
  • Event Date 10/11/2018
  • Party 1 Stellar Management
  • Party 2 Landesbank
notes
The owner secured a loan of $75 million for the Upper West Side property.
  • Event Office Leasing
  • Address 161 Sixth Avenue
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 22,479
  • Publication Date 08/20/2018
  • Event Date 08/15/2018
  • Party 1 Stellar Management
  • Party 2 Flatiron Health
notes
The health company inked a deal to expand its lease for the Soho space.
  • Event Office Leasing
  • Address 161 Sixth Avenue
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 106,000
  • Publication Date 08/13/2018
  • Event Date 08/09/2018
  • Party 1 Stellar Management
  • Party 1 Brokerage Newmark Knight Frank
  • Party 1 Broker Andrew Peretz, Brian Waterman, David Malawer, Brent Ozarowski
  • Party 2 Aetna
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Stephen Bellwood, Adam Ardise, Steve Ernst
notes
The insurance provider inked a lease for the Soho space.
  • Event Office Leasing
  • Address 220 Fifth Avenue
  • Neighborhood Midtown South
  • Borough Manhattan
  • Square feet 9,000
notes
The institute inked a lease for the Midtown South space.
  • Event Sales
  • Address 3430 Broadway
  • Neighborhood Hamilton Heights
  • Borough Manhattan
  • Square feet 73,000
  • Price $ 26,500,000
  • Publication Date 06/18/2018
  • Event Date 06/12/2018
  • Party 1 Woodcrest Management Corporation
  • Party 2 Stellar Management
notes
The buyer secured the Hamilton Heights property for $26.5 million.
  • Event Financing
  • Address 310 Greenwich Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 1,970,736
  • Price $ 675,000,000
  • Publication Date 06/18/2018
  • Event Date 06/12/2018
  • Party 1 Vornado Realty Trust, Stellar Management
  • Party 2 Goldman Sachs
notes
The owners secured a loan of $675 million for the Tribeca property.
  • Event Retail Leasing
  • Address 752 West End Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 7,000
  • Publication Date 05/15/2018
  • Event Date 05/09/2018
  • Party 1 Stellar Management
  • Party 2 Imagine Swimming
  • Party 2 Brokerage Newmark Knight Frank
  • Party 2 Broker Howard J. Kesseler
notes
The swim school inked a 10-year lease on the Upper West Side.
  • Event Office Leasing
  • Address 220 Fifth Avenue
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 27,000
  • Publication Date 03/07/2018
  • Event Date 03/07/2018
  • Party 1 Stellar Management
  • Party 2 Riskified
  • Party 2 Brokerage Newmark Knight Frank
  • Party 2 Broker Todd P. Hershman, John Cilmi
notes
The tech company inked a lease in NoMad.
  • Event Financing
  • Address 3505 Broadway
  • Neighborhood Hamilton Heights
  • Borough Manhattan
  • Square feet 62,096
  • Price $ 13,500,000
notes
The owner secured a $13.5 million mortgage for the Hamilton heights building.
  • Event Sales
  • Address 3505 Broadway
  • Neighborhood Hamilton Heights
  • Borough Manhattan
  • Square feet 62,096
  • Price $ 26,000,000
notes
The buyer acquired the Hamilton Heights building for $26 million.
  • Event Office Leasing
  • Address 1 Soho Square
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 108,000
notes
The health care technology company inked a 10-year lease in Hudson Square.
  • Event Retail Leasing
  • Address 119 West 23rd Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 7,300
  • Price per foot $ 50.00
notes
The Australian yoga studio inked its first lease in the US for 10 years in Chelsea with asking rent of $50 per square foot.
  • Event Financing
  • Address 252 West 76th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 50,600
  • Price $ 25,000,000
notes
The partnership acquired a $25 million loan pacakage to refinance the Williard.
  • Event Financing
  • Address 11-15 West 123rd Street, 604 West 162nd Street, 601-609 West 175th Street, 3480-3496 Broadway, 12 East 32nd Street
  • Neighborhood various
  • Borough Manhattan
  • Price $ 105,000,000
notes
The real estate firm refinanced a 13-property portfolio with $105 million.
  • Event Financing
  • Address 305 East 86th Street
  • Neighborhood Yorkville
  • Borough Manhattan
  • Square feet 690,703
  • Price $ 550,000,000
  • Publication Date 11/01/2017
  • Event Date 10/12/2017
  • Party 1 Chetrit Group; Stellar Management
  • Party 1 Broker Noble Carpenter, Douglas Harmon, Alexander Hernandez, Adam Spies, Alex Lapidus, Steve Kohn
  • Party 2 UBS; Natixis
notes
The owner acquired a loan for $550 million for the Affinia Shelburne.
  • Event Sales
  • Address 3501-3509 Broadway
  • Neighborhood Hamilton Heights
  • Borough Manhattan
  • Square feet 62,095
  • Price $ 25,000,000
  • Publication Date 10/23/2017
  • Event Date 10/18/2017
  • Party 1 Estate of Harriet Okun
  • Party 2 Stellar Management
notes
The real estate firm acquired the 6-story rental building for $25 million.
  • Event Office Leasing
  • Address 220 Fifth Avenue
  • Neighborhood NoMad
  • Borough Manhattan
  • Square feet 2,200
  • Publication Date 09/07/2017
  • Event Date 09/07/2017
  • Party 1 Stellar Management; Imperium Capital
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Brian Waterman, Andrew Peretz, David Malawer, Brent Ozarowski
  • Party 2 Breather
  • Party 2 Brokerage CBRE
  • Party 2 Broker The meeting space provider signed a 5-year lease.
  • Event Office Leasing
  • Address 119 West 23rd Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 15,000
  • Publication Date 08/23/2017
  • Event Date 08/23/2017
  • Party 1 Stellar Management
  • Party 1 Brokerage Issacs and Company
  • Party 1 Broker Trever Gallina
  • Party 2 Poster House
  • Party 2 Brokerage MHP Real Estate Services
  • Party 2 Broker Esther Zar
notes
The museum inked a 10-year, 2-floor lease.
  • Event Financing
  • Address 223 Mott Street
  • Neighborhood Nolita
  • Borough Manhattan
  • Square feet 9,170
  • Price $ 5,550,000
  • Price per foot $ 605.00
notes
The entity secured a first mortgage of $5.55 million.
  • Event Sales
  • Address 223 Mott Street
  • Neighborhood Nolita
  • Borough Manhattan
  • Square feet 9,170
  • Price $ 9,500,000
  • Price per foot $ 1,035.00
notes
The 5-story building with 20 mixed-used units sold for $9.5 million.
  • Event Office Leasing
  • Address 233 Spring Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 86,524
notes
The floors 10-13, have been leased by MAC Cosmetics
  • Event Office Leasing
  • Address 233 Spring Street
  • Neighborhood SoHo
  • Borough Manhattan
  • Square feet 26,164
notes
Glossier, a skincare and makeup company, signed an 11-year lease for the entire 10th floor at One Soho Square.
  • Event retail Leasing
  • Address 233 Spring Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 19,000
notes
Trader Joe's, a California-based healthy grocery store, leased the ground-floor at One Soho Square
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...last year was the $121 million refinancing of several Stellar Management apartment buildings. RM Capital — headed by Marc Sznajderman and Romano Tio — placed one large...

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