Stellar Management
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.
Stellar has since 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 when it purchased the Paris for $146 million in 2016). Stellar Management also worked with partner Rockpoint Group on in its 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 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.
In 2016, Stellar sued Brookhill Properties founder Raphael Toledano for allegedly backing out of a $110 million loan.
Stellar faced controversy again in 2019 when emails revealed that the firm had requested that a relatively affluent, economically active Hell's Kitchen census tract be included in the state's map for Opportunity Zone tax breaks. The controversial inclusion of census tract 135 in the program ostensibly meant to bring development to depressed areas has been cited by legislators arguing to end or overhaul the state's OZ program.
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44 WEST 28TH STREET 6TH FLOOR, New York, NY, 212-406-0030
- Event Financing
- Address 501 West 110th Street
- Neighborhood Morningside Heights
- Borough Manhattan
- Price $ 71,000,000
- Publication Date 07/10/2020
- Event Date 07/09/2020
- Party 1 Stellar Management
- Party 2 BankUnited
- Event Sales
- Address 35-01 36th Avenue
- Neighborhood Long Island City
- Borough Queens
- Square feet 24,961
- Price $ 5,000,000
- Publication Date 11/01/2019
- Event Date 09/23/2019
- Party 1 Rehns family
- Party 2 Stellar Management
- Event Financing
- Address 44 West 28th Street
- Neighborhood Nomad
- Borough Manhattan
- Price $ 78,000,000
- Publication Date 09/06/2019
- Event Date 09/06/2019
- Party 1 Stellar Management
- Party 2 New York Community Bank
- Event Sales
- Address 1133 Ogden Avenue
- Neighborhood Highbridge
- Borough Bronx
- Price $ 77,000,000
- Publication Date 06/28/2019
- Event Date 06/26/2019
- Party 1 Stellar Management
- Party 1 Brokerage Rosewood Realty Group
- Party 1 Broker Aaron Jungreis
- Party 2 Camber Property Group, Belveron Partners
- Party 2 Brokerage Rosewood Realty Group
- Party 2 Broker Aaron Jungreis
- Event Office Leasing
- Address 1 Soho Square
- Neighborhood Soho
- Borough Manhattan
- Square feet 122,068
- Price per foot $ 102.00
- Publication Date 06/20/2019
- Event Date 06/21/2019
- Party 1 Stellar Management
- Party 1 Brokerage Newmark Knight Frank
- Party 1 Broker Brent Ozarowski, David Malawer, Andy Peretz, Brian Waterman
- Party 2 Flatiron Health
- Party 2 Brokerage Savills
- Party 2 Broker Zev Holzman, Brad Wolk, Herman Dodson
- Event Office Leasing
- Address 1 Soho Square
- Neighborhood Soho
- Borough Manhattan
- Square feet 54,000
- Price per foot $ 125.00
- Publication Date 06/20/2019
- Event Date 06/20/2019
- Party 1 Stellar Management
- Party 1 Brokerage Newmark Knight Frank
- Party 1 Broker Brian Waterman, Andrew Peretz, David Malawer, Brent Ozarowski
- Party 2 Juul Labs
- Party 2 Brokerage Colliers International
- Party 2 Broker Eric Feriello
- Event Financing
- Address 243 Canal Street
- Neighborhood Chinatown
- Borough Manhattan
- Square feet 21,700
- Price $ 21,000,000
- Publication Date 06/20/2019
- Event Date 06/20/2019
- Party 1 City Urban Realty, Stellar Management
- Party 1 Brokerage GCP Capital Group
- Party 1 Broker Alan Perlmutter
- Party 2 Signature Bank
- Event Financing
- Address 1 Soho Square
- Neighborhood Soho
- Borough Manhattan
- Price $ 900,000,000
- Publication Date 05/30/2019
- Event Date 05/28/2019
- Party 1 Stellar Management, Imperium Capital
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Adam Spies, Steve Kohn, Alex Hernandez, Alex Lapidus, Noble Carpenter
- Party 2 Goldman Sachs
- Event Sales
- Address 799 Lexington Avenue
- Neighborhood Upper East Side
- Borough Manhattan
- Square feet 5,700
- Price $ 7,500,000
- Publication Date 02/16/2019
- Event Date 02/12/2019
- Party 1 799 Lex Partners
- Party 1 Brokerage Kassin Sabbagh Realty
- Party 1 Broker Isaac Setton
- Party 2 Icon Realty Management, Stellar Management
- Party 2 Brokerage Kassin Sabbagh Realty
- Party 2 Broker Bunny Escava
- Event Office Leasing
- Address 218 Fifth Avenue
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 9,100
- Publication Date 01/28/2019
- Event Date 01/22/2019
- Party 1 Stellar Management
- Party 1 Brokerage Newmark Knight Frank
- Party 1 Broker Brent Ozarowski, David Malawer, Andrew Peretz, Brian Waterman
- Party 2 Securitized Products Fund
- Party 2 Brokerage CBRE
- Party 2 Broker Sinclair Li
- Event Office Leasing
- Address 218 Fifth Avenue
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 27,000
- Publication Date 01/28/2019
- Event Date 01/22/2019
- Party 1 Stellar Management
- Party 1 Brokerage Newmark Knight Frank
- Party 1 Broker Brent Ozarowski, David Malawer, Andrew Peretz
- Party 2 Riskified
- Party 2 Brokerage Newmark Knight Frank
- Party 2 Broker John Michael Cilmi, Todd Hershman, Brian Waterman
- Event Sales
- Address 110 East 13th Street
- Neighborhood East Village
- Borough Manhattan
- Square feet 25,850
- Price $ 5,250,000
- Publication Date 01/06/2019
- Event Date 12/29/2018
- Party 1 Magid family
- Party 1 Brokerage Alcott Acquisitions
- Party 1 Broker Andrew Natter
- Party 2 Stellar Management
- Party 2 Brokerage Alcott Acquisitions
- Party 2 Broker Andrew Natter
- Event Financing
- Address 752 West End Avenue
- Neighborhood Upper West Side
- Borough Manhattan
- Square feet 191,489
- Price $ 125,000,000
- Publication Date 12/16/2018
- Event Date 12/11/2018
- Party 1 Stellar Management
- Party 2 Helaba
- 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
- 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
- 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
- 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
- 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
- Event Office Leasing
- Address 220 Fifth Avenue
- Neighborhood Midtown South
- Borough Manhattan
- Square feet 9,000
- Publication Date 07/02/2018
- Event Date 07/02/2018
- Party 1 Stellar Management, Imperium Capital
- Party 1 Brokerage Newmark Knight Frank
- Party 1 Broker Brian Waterman, Andrew Peretz, David Malawer, Brent Ozarowski
- Party 2 International WELL Building Institute
- Party 2 Brokerage Cushman & Wakefield
- Party 2 Broker Michael Baraldi, Laura Pomerantz
- 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
- 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
- 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
- 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
- Event Financing
- Address 3505 Broadway
- Neighborhood Hamilton Heights
- Borough Manhattan
- Square feet 62,096
- Price $ 13,500,000
- Publication Date 02/28/2018
- Event Date 02/20/2018
- Party 1 Stellar Management
- Party 2 Signature Bank
- Event Sales
- Address 3505 Broadway
- Neighborhood Hamilton Heights
- Borough Manhattan
- Square feet 62,096
- Price $ 26,000,000
- Publication Date 02/28/2018
- Event Date 02/20/2018
- Party 1 Estate of Harriet Okun
- Party 1 Brokerage Cignature Realty
- Party 1 Broker Peter Vanderpool, Lazer Sternhell
- Party 2 Stellar Management

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