Stanley Chera | The Real Deal New York

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Stanley Chera

Founder
Crown Acquisitions
767 Fifth Avenue
New York City, NY
(212) 563-6400
Website

Stanley Chera is a New York real estate developer and founder of Crown Acquisitions. He  was born in 1942 to a Syrian Jewish family. Chera started purchasing real estate in New York City in the 1908s, at first as a minority partner and, in the 2000s, as the lead developer. He is known for developing or "repositioning" the retail portion of his buildings and then selling the properties. In a joint venture with the Carlyle Group and Charles Kushner, he sold the retail portion of 666 Fifth Avenue in two transactions for more than $1 billion.

In 2010, he began the restoration of the the Knickerbocker Hotel in Manhattan. In June 2013, Chera purchased 650 Madison Avenue for $1.3 billion in partnership with Highgate Holdings from the Carlyle Group. He is an investor in One World Trade Center and has accumulated a lot of property in Red Hook, Brooklyn. Chera's Crown was also part of a large partnership that included Feil Organization and BLDG Management, which sold the retail at the St. Regis Hotel at 2 East 55th Street in 2012 for $380.6 million three years after buying it for $117 million. In 2009, Crown held 15 million square feet of real estate in New York City.

Chera has three sons: Haim Chera, Isaac (Ike) Chera and Richard Chera, who are all active in the family business.


03/11/19
...Organization),  Joseph Allerhand (Weil, Gotshal & Manges LLP), Stanley Chera (Crown Acquisitions), Brian Feil (Feil Organization), David Lichtenstein (The Lightstone Group), Richard Mack (Mack...

08/15/18
...be developer Steve Witkoff and commercial property investor Stanley Chera. Chera and his wife Freida have given $514,000 to the fund to date, while Witkoff...

05/22/17
...Jeff Winick of Winick Realty Group, Crown Acquisitions' Stanley Chera, Bobby Cayre of Aurora Capital Associates, and Alex Adjmi of A&H Acquisitions...

05/21/17
...the Encore's XS Nightclub. Retail players such as Stanley Chera and his son Haim of Crown Acquisitions were talking shop at a Wynn cabana...

...Charlie A few years ago, real estate mogul Stanley Chera hosted a charity fundraiser at his waterfront home in Deal, N.J., the tiny...

03/30/16
...in Midtown (credit: Google Street View) (inset: Crown's Stanley Chera and Vornado's Steven Roth) Diamonds may be forever, but Manhattan leases are not. De...

12/30/15
...feet 490 Fulton Street, Downtown Brooklyn Landlord: Crown Acquisitions Stanley Chera and 490 Fulton Street in Downtown Brooklyn Fast-fashion staple Forever 21 will make its triumphant return...

12/29/15
...rental building. “He doesn’t have an ego,” Stanley Chera, who has done more than 15 deals with Lloyd over the years, told the Journal...

12/22/15
...From left: Stanley Chera, the St. Regis Hotel in Midtown and Steven Roth Vornado Realty Trust and Crown...

...a $324 million retail condo at 666 Fifth Avenue from Stanley Chera’s Crown Acquisitions, the Carlyle Group and Kushner Companies. Given Manhattan’s strong retail...

06/26/15
...game in town. Jeff Sutton, Joe Sitt and Stanley Chera are among the New York City real estate titans who call the Jersey Shore...

...game in town. Jeff Sutton, Joe Sitt and Stanley Chera are among the New York City real estate titans who call the Jersey Shore...

05/21/15
...The Real Deal caught up this year with Stanley Chera, son of Haim Chera, both of Crown Acquisitions, which owns stakes in major Fifth...

05/04/15
...Stanley Chera and 490 Fulton Street in Downtown Brooklyn Forever 21 has signed a 40,000-square-foot lease at 490 Fulton...

12/19/14
...Holliday, Barry Sternlicht, Steven Roth, Harry Macklowe and Stanley Chera The ever-increasing throngs of brand-hungry shoppers traipsing through Manhattan has resulted in record retail...

12/17/14
...Stanley Chera and 170 Broadway in Lower Manhattan The Premier Group acquired a Marriott Residence Inn at...

12/08/14
...From left: Stanley Chera, Jeff Sutton and Steven Roth From the December issue: With Upper Fifth Avenue snatching...

...From left: Stanley Chera, Jeff Sutton and Steven Roth With Upper Fifth Avenue snatching back from Hong Kong...

08/01/14
...From left: Stanley Chera, 452 Fulton Street, 11 Hoyt Street, Terry Lundgren (Headshot photo by Shutterstock) “All that volume of...

07/15/14
...From left: Stanley Chera, 651 Fifth Avenue, St. Regis at 2 East 55th Street, 697 Fifth Avenue and Steven Roth When...

07/09/14
...St. Regis retail space and Stanley Chera Vornado Realty Trust and partner Crown Acquisitions put up $700 million to purchase the retail...

05/21/14
...Stanley Chera and 450 Park Avenue (Photo credit: Honest Buildings) UPDATED, 1:14 p.m., May 21: The Chera family...

04/29/14
...From left: Stanley Chera, 144-150 West 34th Street and Barry Sternlicht Crown Acquisition Group and Starwood Capital Group...

03/03/14
...in the name of his son, along with Stanley Chera...

01/08/14
...From left: Stanley Chera, the St. Regis Hotel, Jeff Sutton and Joseph Sitt From the January issue: If...
Crown Acquisitions, Principal
767 5th Avenue, New York City, NY, (212) 563-6400
Isaac Chera is a principal in Crown Acquisitions and one of three sons...
Crown Acquisitions, Principal
767 Fifth Avenue, New York City, NY, (212) 563-6400
Haim Chera is a principal in Crown Acquisitions and one of three sons...
Crown Acquisitions, Prinicipal
767 Fifth Avenue, New York City, NY, (212) 563-6400
Richard Chera is a principal in Crown Acquisitions and one of three sons...
Crown Acquisitions, COO
767 5th Avenue, New York City, NY, (212) 563-6400
Brittany Bragg is the chief operating officer of Crown Acquisitions. she was hired...
Isaac Chera, Real Estate Salesperson
767 Fifth Avenue, Suite 2400, New York, NY
...
  • Event Sales
  • Address 590 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 100,000
  • Price $ 54,000,000
  • Price per foot $ 540.00

12/30/15
...feet 490 Fulton Street, Downtown Brooklyn Landlord: Crown Acquisitions Stanley Chera and 490 Fulton Street in Downtown Brooklyn Fast-fashion staple Forever 21 will make its triumphant return...