Company Launch
Sterling Equities founded in New York as a vehicle to develop and invest in real estate. Expanded into multifamily real estate nationally throughout 1970s.
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New York Mets
Acquired minority interest in the New York Mets.
New York Focus
Developed notable Class A office towers such as 575 Fifth Avenue, and 450 Lexington, as well as 53rd at Third, better known as The Lipstick Building.
Sterling American Property
Established five funds, purchasing $4.6 billion of assets between 1991 and 2011.
Brooklyn Cyclones
Formed the Brooklyn Cyclones as an affiliate of the New York Mets, returning baseball to Brooklyn after 44 years.
Sterling Mets
Bought out partners to become full owner.
383 Madison
Completed development of 383 Madison Avenue, a 1.2 million square-foot office building near Grand Central Station.
SportsNet New York
Established SportsNet New York (SNY), a regional sports television network, in partnership with leading cable television providers Time Warner and Comcast.
Citi Field
Financed, developed, and built Citi Field.
Sterling Project Development
Formed Sterling Project Development as a trusted project management and advisory consultant to real estate developers and investors.
Sterling Realty Finance
Created Sterling Realty Finance as a premier provider of mortgage, mezzanine, and preferred equity capital to commercial real estate owners, investors, and developers.
Mets Sale
Sold majority interest in the New York Mets at a record price for a MLB team.
Investing in the Sunbelt
Sterling Equities expanded its own Sunbelt portfolio, with the purchase of eight Class A multifamily assets.
Eden Multifamily
Purchased an interest in Eden Multifamily development platform, focusing on residential real estate development in the Southeast United States.
Fedex
Delivered 290,000-square-foot industrial built-to-suit distribution center for FedEx in Linden, New Jersey.
Willets Point
Broke ground on first phase of the Willets Point development, a joint venture between Sterling Equities and the Related Companies, that includes 1,100 permanently affordable housing units. Final build-out will total more than 2,500 permanently affordable housing units, 250-key hotel, and a new soccer stadium for New York City FC.
People
Fred Wilpon
Co-Founder, Partner
Saul B. Katz
Co-Founder, Partner
Michael Katz
Partner
Richard A. Wilpon
Partner
David M. Katz
Partner
Bruce N. Wilpon
Partner
Gregory A. Katz
Partner
Scott A. Wilpon
Partner
Todd M. Katz
Partner
Thomas Osterman
Partner
Mark Peskin
Chief Financial Officer
Gregory P. Nero
General Counsel
PHILANTHROPY
Promoting Healthy Communities
Our companies prioritize local support and community enhancement. Through partnerships and philanthropy, we extend our positive impact. Beneficiaries include Katz Institute for Women's Health, Irene and Morris B. Kessler Presidential Scholars programs, University of Michigan, UJA Federation of New York, and the Association for a Better New York . Additionally, Sterling Equities' real estate holdings incorporate many sustainable construction and operations practices recognized by Energy Star and the U.S. Green Building Council, including Citi Field which achieved LEED certification.
