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Sterling Equities information


Sterling Equities
IndustryReal Estate, Sports, and Media
Founded1972
FoundersFred Wilpon and Saul Katz
Headquarters
Great Neck, New York
,
US
Key people
Fred Wilpon (Chairman) and Saul Katz (President)
Websitesterlingequities.com

Sterling Equities is a diversified, family-run group of companies based in Great Neck, New York whose portfolio consists primarily of holdings in real estate, sports, and media in the New York area.[1][2] These include the New York Mets, the Brooklyn Cyclones, SportsNet New York, the New York Excelsior, Sterling Project Development, and a number of real estate investment portfolios and real estate services businesses.[1] The firm became embroiled in the Bernie Madoff Scandal exposing a relationship between Sterling Equities partners and Bernie Madoff spanning 20 years.[3] The partners eventually settled a billion dollar suit with the Madoff Trustee, Irving Picard, for $161 million.[4]

  1. ^ a b "Sterling Equities – A fully-integrated real estate operating company".
  2. ^ "Contact – Sterling Equities".
  3. ^ Kovaleski, Serge F. (2011-02-21). "Mets' Owners Guarded an Investment Pipeline". The New York Times. ISSN 0362-4331. Retrieved 2020-03-28.
  4. ^ "NY Mets owners reach revised deal with Madoff trustee". CNBC. 2016-06-01. Retrieved 2020-03-28.

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Sterling Equities

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Saul Katz

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degree in accounting. Katz is a co-founder of Sterling Equities. In 1972, he cofounded Sterling Equities, a commercial real estate development company...

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Fred Wilpon

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SNY

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sports network owned by Sterling Entertainment Enterprises, LLC, itself a joint venture between Fred Wilpon's Sterling Equities (which owns a controlling...

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Jeff Wilpon

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is an American businessman who was an executive vice-president of Sterling Equities, and the owner of the Overwatch League Esports team the New York Excelsior...

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UBS Arena

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Partners—a joint venture between the Islanders, Oak View Group, and Sterling Equities, won a bid to construct a new, 18,000-seat arena and mixed-use district...

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List of New York Mets owners and executives

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& Co. (1980–1986) Nelson Doubleday Jr. & Fred Wilpon (1986–2002) Sterling Equities (2002–2020) Steven A. Cohen (2020–present) As of October 30, 2020...

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450 Lexington Avenue

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Financial backed out of the project. It was ultimately developed by Sterling Equities and still stands below the modern skyscraper. The building was owned...

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Participants in the Madoff investment scandal

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the partners at Sterling Equities who, along with Fred Wilpon and Saul Katz, are sophisticated investors who oversee and control Sterling and its many businesses...

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Philadelphia (75%) NBC Sports Philadelphia+ SNY (8%) joint venture with Sterling Equities and Charter Communications NBC Sports Films NBC Sports Digital Playmaker...

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Sterling Bank of Asia

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Philippines principally owned by the JTKC Group of Companies, Surewell Equities, and Star Equities engaged in diverse industries ranging from logistics to finance...

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New York Subliners

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team is operated by NYXL, an esports organization owned by Sterling Equities subsidiary Sterling.VC. New York was announced as one of the first five cities...

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Oak View Group

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2017, New York Arena Partners (a venture of the Islanders, OVG, and Sterling Equities) won a bid to construct a new, 18,000-seat arena and mixed-used district...

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Recovery of funds from the Madoff investment scandal

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sons, and Ruth Madoff's interest in real estate funds sponsored by Sterling Equities, whose partners include Fred Wilpon. Ruth Madoff, and Peter Madoff...

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New York City FC stadium

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City Football Club, and two developers, The Related Companies and Sterling Equities. New York City FC will pay for the full $780 million construction...

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New York Excelsior

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founded under the name Andbox by venture capital fund Sterling.VC, supported by Sterling Equities. They also own NYXL Academy, an academy team for NYXL...

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List of Jewish American businesspeople in real estate

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co-owner of MLB's Los Angeles Dodgers Saul Katz (1939–), co-founder of Sterling Equities, president of MLB's New York Mets Abraham S. Kay (1899–1963), real...

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383 Madison Avenue

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which had just been created. The al-Babtain family agreed to hire Sterling Equities to develop the skyscraper for Bear Stearns, although Hines Interests...

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Lipstick Building

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the foundation was being built, as Hines Interests and its partner Sterling Equities wanted to increase the building's floor area ratio by 20 percent in...

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Nassau Coliseum

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York Arena Partners (a venture of the Islanders, Oak View Group, and Sterling Equities) won a bid to construct a new, 18,000-seat arena and mixed-use district...

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History of the New York Mets

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2002. Wilpon, the founder of Sterling Equities, Inc., managed the Mets through his limited partnership firm, Sterling Mets. In a span of about a calendar...

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List of University of Michigan sporting alumni

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co-owner of the New York Mets baseball team; chairman of the board of Sterling Equities, Inc., a real estate investment and development firm, and of Pathogenesis...

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Madoff investment scandal

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sons, and Ruth Madoff's interest in real estate funds sponsored by Sterling Equities, whose partners included Fred Wilpon. Ruth Madoff and Peter Madoff...

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2011 in baseball

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Saul Katz and various entities affiliated with the New York Mets and Sterling Equities Associates to recover money for the victims of the Bernie Madoff Ponzi...

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Playing for Peanuts

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York Mets manager Willie Randolph. SportsNet New York is owned by Sterling Equities, who at the time was the Mets parent company. Fitzgerald has since...

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Kelvin Torve

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Doubleday and Company and to Fred Wilpon, chairman of the board of Sterling Equities. Equipment manager Charlie Samuels realized his mistake after receiving...

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2010 in baseball

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Saul Katz and various entities affiliated with the New York Mets and Sterling Equities Associates to recover money for the victims of the Bernie Madoff Ponzi...

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