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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 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
    notes
    The lender issued a loan of $71 million for the Morningside Heights portfolio.
    • 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
    notes
    The buyer bought the Long Island City property for $5 million.
    • 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
    notes
    The lender issued a loan of $78 million for the Nomad property.
    • 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
    notes
    The buyer secured the Highbridge property for $77 million.
    • 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
    notes
    The health care tech company inked a deal to expand its lease for the Soho building at $102 per square foot.
    • 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
    notes
    The e-cigarette startup signed a lease for the Soho space at $125 per square foot.
    • 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
    notes
    The owner secured a loan of $21 million for the Chinatown property.
    • 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.
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    ...
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    ...
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    ...
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    10/01/2013
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