- Founding
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1972
Sterling Equities founded by Fred Wilpon and Saul Katz as a vehicle to develop and invest in real estate.
- National Expansion
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1974-1979
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
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1980
Develops notable Class A office towers such as 575 Fifth Avenue, 450 Park Avenue, 450 Lexington, 53rd at Third (The Lipstick Building).
Acquires partnership interest in the New York Mets.
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1985
Makes venture capital investment in PathoGenesis Corporation, a medical research company focused on treatments for cystic fibrosis.
- Real Estate Private Equity
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1990
Partners with American Securities to form Sterling American Property, one of the first of a new generation of real estate private equity groups.
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1991
Forms and operates Sterling American Property I, its first real estate private equity fund.
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1996
Forms and operates Sterling American Property II fund, purchasing $662 million of assets in 48 transactions.
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1999
Forms and operates Sterling American Property III, purchasing $552 million of assets in 46 transactions.
- Building the Sports Businesses
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2001
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.
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2002
Becomes full owner of the New York Mets.
Forms and operates Sterling American Property IV, purchasing $930 million of assets in 45 transactions.
Funds Sterling Stamos Capital, maintaining a limited partner interest.
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2005
Establishes SportsNet New York (SNY), a regional sports television network, in partnership with leading cable television providers Time Warner and Comcast.
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2006
Forms and operates Sterling American Property V fund, investing $1.4 billion in 21 transactions.
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2009
Citi Field—financed, developed, built, and operated by Sterling Equities—opens on time and $40 million under budget.
- Shaping New York’s Future
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2010
Forms Sterling Project Development Group to offer third-party project management and advisory services to real estate developers and investors.
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2011
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.
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2015
Creates Sterling Realty Finance.
- Entering the World of Esports
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2017
Sterling Equities enters the world of esports and acquires the rights to the New York franchise - which becomes the New York Excelsior - that will compete in the newly formed Overwatch League.
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2019
Sterling Equities launches Andbox, New York’s leading gaming and esports organization that the New York Excelsior will operate under moving forward.
Andbox acquires the rights to the New York franchise in the Call of Duty League, which becomes the New York Subliners.