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Commercial Observer- 2013 Power 100

April 24 / 2013 
 
 
 

The Sixth Annual Power 100

By The Editors 4/24/13

 

Laurence Gluck Principal - Stellar Management 

Mr. Gluck’s Stellar Management closed 2012 by selling the Milk Studios building at 250 West 15th Street to Jamestown Properties for more than $284 million. Stellar, which acquired the building in 2008 for $161 million, provided a $150 million loan to Jamestown for the purchase. Earlier in 2012, Stellar purchased an apartment building at 26 Vandam Street for $6.1 million in a move to add 15,625 feet of air rights to its One SoHo Square development. One SoHo Square, which was acquired by Stellar for $200 million last year, will combine 161 Sixth Avenue and 233 Spring Street.