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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 ...
The development was incorporated in 1972, and according to real estate websites for the area, it has two championship 18-hole golf courses (McCormick Ranch Golf Club's Palm Course and Pine Course), more than 25 miles of bicycle paths, parks, public tennis courts, and 130 acres of man-made lakes (7 lakes total). [4] The largest of the man-made lakes
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]
The Discovery Land Company is an American real estate development company and hospitality operator based in Scottsdale, Arizona. Founded in 1994 by Michael Meldman, the company mainly operates private residential communities and clubs in North America. [1] [2] In 2022, the company made public that they will follow an international expansion ...
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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]
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