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Sterling Equities is a diversified, family-run group of companies based in Great Neck, New York whose portfolio consists primarily of holdings in real estate, sports, and media in the New York area. [ 1 ] [ 2 ] These include SportsNet New York , the New York Excelsior , Sterling Project Development, and a number of real estate investment ...
Fred Wilpon (born November 22, 1936) [1] is an American real estate developer and former baseball executive. He was principal owner of the New York Mets from 1987 to 2020. Early life and education
Seeking to minimize their tax obligations, they purchased real estate throughout the country that had favorable tax treatment [8] which turned out to be a boon since they were unknowingly buying property at the bottom of the market. [8] Sterling Equities was a significant investor in Bernie Madoff's fraudulent investment fund with 483 accounts. [9]
Sterling Equities, a group of companies owned by Fred Wilpon, was sued in December 2010, for $1 billion by trustee Picard. Wilpon at the time owned the New York Mets baseball team, a sports cable network and extensive real estate holdings. Picard charged that "red flags" were ignored, and there was no due diligence
Here are the 10 best and 10 worst states for property taxes — and how much you might spend per year, according to data gathered from ATTOM, a curator of land, property, and real estate data ...
In 1990, Sterling expanded into commercial real estate lending. [4] In 1993, Sterling Savings and Loan was renamed Sterling Bank and Trust, FSB. [4] In 1995, the bank had $78 million in assets; [5] by 2015, Sterling had grown to $1.3 billion in assets with 18 branches in the San Francisco area and its headquarters in Southfield, Michigan. [4]