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History
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."
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