News: Brokerage

Laurence Gluck, founder of Stellar Management

Laurence Gluck

Manhattan, NY Laurence Gluck, founder of Stellar Management, passed away at home surrounded by friends and family after a battle with ALS. A visionary leader in the real estate industry, Gluck’s dedication and commitment to excellence have left an indelible mark on New York City’s landscape. His legacy of innovation and integrity will continue to inspire all who knew him.

Nearly 40 years ago, Gluck founded Stellar Management and began building what is now one of the largest owners and operators of residential and commercial real estate in America. Stellar Management operates a portfolio exceeding 12,000 apartments in 100+ buildings, over one million s/f of retail space, and more than two million s/f of office space. Additionally, the firm continues to grow with an active pipeline of over one million s/f under development.

Gluck family members remain at the core of Stellar Management’s leadership team with Gluck’s wife, Sandra, and eldest daughter, Amanda, overseeing the firm’s investments, management, and operations. Stellar Management continues to be a family business dedicated to the long-term ownership and stewardship of New York City commercial real estate.

Over the past two decades, Larry purposely built a deep bench of seasoned executives, including managing partners Adam Roman, Matthew Lembo, and Ryan Jackson who have been integral to the company’s direction and growth for nearly 20 years. The executive team, alongside the Gluck family, stands ready to guide Stellar Management into the future, ensuring a seamless transition and continued success.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account