Stellar Management | TRD Research
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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 Harlems 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.

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 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
notes
The lender issued a loan of $900 million for the Soho property.
  • Event Sales
  • Address 799 Lexington Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 5,700
  • Price $ 7,500,000
notes
The buyer secured the Upper East Side property for $7.5 million.
  • Event Office Leasing
  • Address 218 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 9,100
notes
The fund signed a lease for the Flatiron location.
  • Event Office Leasing
  • Address 218 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 27,000
notes
The software company signed a lease for the Flatiron building.
  • 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
notes
The buyer bought the East Village property for $5.25 million.
  • 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
notes
The owner secured a loan of $125 million for the Upper West Side property.
  • Event Office Leasing
  • Address 50 West 28th Street
  • Neighborhood Nomad
  • Borough Manhattan
  • Square feet 34,500
  • Price per foot $ 10.00
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
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
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
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
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
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
  • Publication Date 12/18/2017
  • Event Date 12/15/2017
  • Party 1 Stellar Management
  • Party 1 Brokerage JBA Real Estate
  • Party 1 Broker Jonathan Bernstein
  • Party 2 Humming Puppy
  • Party 2 Brokerage Rice & Associates
  • Party 2 Broker Stephan Brenot
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
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
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