Founding
Founding
1972
logo

Sterling Equities founded by Fred Wilpon and Saul Katz as a vehicle to develop and invest in real estate.

National Expansion
1974-1979
logo

Expanded from New York into residential real estate in other US markets of Chicago, Houston, Atlanta, St. Louis, and Kansas City.

Focus on New York
1980
logo

Develops notable Class A office towers such as 575 Fifth Avenue, 450 Park Avenue, 450 Lexington, 53rd at Third (The Lipstick Building).

logo

Acquires partnership interest in the New York Mets.

1985
logo

Makes venture capital investment in PathoGenesis Corporation, a medical research company focused on treatments for cystic fibrosis.

Real Estate Private Equity
1990
logo

Partners with American Securities to form Sterling American Property, one of the first of a new generation of real estate private equity groups.

1991
logo

Forms and operates Sterling American Property I, its first real estate private equity fund.

1996
logo

Forms and operates Sterling American Property II fund, purchasing $662 million of assets in 48 transactions.

1999
logo

Forms and operates Sterling American Property III, purchasing $552 million of assets in 46 transactions.

Building the Sports Businesses
2001
logo

Brings baseball back to Brooklyn for the first time in 44 years with the formation of the Brooklyn Cyclones, an affiliate of the New York Mets.

2002
logo

Becomes full owner of the New York Mets.

logo

Forms and operates Sterling American Property IV, purchasing $930 million of assets in 45 transactions.

logo

Funds Sterling Stamos Capital, maintaining a limited partner interest.

2005
logo

Establishes SportsNet New York (SNY), a regional sports television network, in partnership with leading cable television providers Time Warner and Comcast.

2006
logo

Forms and operates Sterling American Property V fund, investing $1.4 billion in 21 transactions.

2009
logo

Citi Field—financed, developed, built, and operated by Sterling Equities—opens on time and $40 million under budget.

Shaping New York’s Future
2010
logo

Forms Sterling Project Development Group to offer third-party project management and advisory services to real estate developers and investors.

2011
logo

Selected as developer (with joint venture partner Related Companies) of Willets Point, Queens. This $3 billion project will represent the largest private investment in Queens history.

2015
logo

Creates Sterling Realty Finance.