History

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35 YEARS OF GROWTH

  • 1972 - Present: Sterling Equities (SE) was founded by Fred Wilpon & Saul Katz as a vehicle to develop and invest in real estate. Since 1972 SE and its affiliates have purchased or developed over 17.0 million SF of commercial property, 45,000 residential units, 8.5 million SF of retail property and three major sports complexes. SE has evolved over the last three decades into a diverse family of companies focused on the creation of wealth and preservation of capital.
  • 1980: SE acquires partnership interest in the NY Mets.
  • 1985: SE makes venture capital investment in Pathogensis Laboratories, a medical research company focused on treatments for cystic fibrosis.
  • 1990: SE joins with American Securities Capital Partners to form the first of four investment funds that have invested in and managed real estate in 43 states.
  • 1997: SE makes venture capital investment in Changing World Technologies (CWT), a bio-energy company focused on emerging technologies in the energy and environmental arenas.
  • 2001: SE brings baseball back to Brooklyn with the Brooklyn Cyclones. Created as an affiliate of the NY Mets, the Cyclones play at KeySpan Park, constructed by Sterling Development.
  • 2002: SE becomes full owner of the NY Mets.
  • 2002: SE funds Sterling Stamos Capital (SSC), and keeps a limited partner interest.
  • 2005: Sports Net New York (SNNY), a regional sports network in the New York tri-state area, is formed by SE in partnership with Time Warner Cable and Comcast Corporation.
  • 2007: Sterling American Property, Inc. launches their fifth and largest real estate fund, SAP V, a $600 million dollar fund."