Stephen L. Green

Stephen Lawrence Green[1] (born January 28, 1938)[2][3][4] is an American real estate developer. He is the founder and former Chairman of SL Green Realty Corp., which claims to be Manhattan’s largest owner of office buildings.[5] He retired in January 2019 and is now Chairman emeritus.[2][3] He served as chairman of the company since 1997.[2][3] Marc Holliday succeeded him as chairman.[2][3]

Stephen L. Green (Papa)
Born
Stephen Lawrence Green

(1938-01-28) January 28, 1938
NationalityAmerican
EducationHartwick College (BA)
Boston College (JD)
OccupationReal estate developer
Known forfounder of SL Green Realty
Spouse(s)Sandra Turboff (divorced)
Nancy Peck
Children3
FamilyMark J. Green (brother)
Signature

Early life and education

Green lived in Bensonhurst, Brooklyn until he was ten and then moved to Nassau County, Long Island.[6] His father was a lawyer and landlord while his mother was a teacher.[6] His parents were both Republicans. He has one brother, seven years his junior, former New York City Public Advocate Mark J. Green.[6]

Green received a BA from Hartwick College[6] in 1959, and during his time there he was a member of the Alpha Delta Omega fraternity. He received his Bachelor of Laws from Boston College Law School in 1962.[1]

Green worked as an attorney in Houston, Texas for Vinson & Elkins for several years before starting an import-export firm specializing in the sale of hair products from Asia. He later sold that business and started a travel company that chartered airliners and sold ski vacations in the American West and Europe.[6] Giving this up, invested in waterfront property in Siesta Key, Florida and developed real estate,[6] but eventually returned to New York City, where he started investing in loft buildings.

Career

In 1980, Green formed SL Green Properties, Inc.[7] His strategy was to buy Class B office buildings, invest some money to redo their lobbies, facades and add other amenities and then raise the rents closer to Class A levels as older tenants moved out.[6] This strategy was successful and SL Green Realty Corp. went public in 1997 trading on the New York Stock Exchange under the stock ticker of SLG. The company was the first REIT to be focused solely on Manhattan office properties.[8] According to the SL Green Realty Corp. website, the company has investment interests in 77 Manhattan office buildings comprising nearly 40 million square feet of space.[9]

In 2007, he bought Air America radio network and appointed his brother Mark Green as the network's president.[10][11]

Personal life

Green married Sandra Elaine Turboff (now Sandy Garfunkel) on Jun 21, 1961.[12][13] They had three sons, Daniel Eric, Gary Michael, and Scott Tucker Green. Green is now married to Nancy Ann Peck, who runs Nancy Peck & Co, an interior design company.[14] Nancy has a son by a previous marriage, Jonathan Peck.[15]

Of Jewish descent, Green participated in the 1985 Maccabiah Games and 1989 Maccabiah Games in Israel, winning a bronze medal in squash in 1985.[8]

Philanthropy

Green made the lead gift toward fundraising efforts for the $9 million, 20,000-square-foot (1,900 m2) SL Green StreetSquash Center on West 115th Street in Harlem, which opened in 2008.[16][17]

References
  1. "Boston College Bulletin, Law, 1963". Boston College. p. 22. Retrieved December 21, 2017.
  2. SL Green Founder Stephen Green Steps Down as Chairman
  3. Steve Green steps down as REIT boss
  4. United States Public Records, 1970-2009 (New York, 2009)
  5. Stephen L. Green
  6. "Different Lives, Different Politics, But Greens Unite in Mayor's Race", nytimes.com, August 13, 2001.
  7. Leaders Magazine: "An Interview with Stephen L. Green, Chairman of the Board, SL Green Realty Corp." October, November, December, 2012
  8. "Stephen Green & Jeff Sutton Buy Out 650 Fifth Avenue Tenant Juicy Couture for $51 Million", jewishbusinessnews.co, November 21, 2013.
  9. Stephen L. Green biography Archived 2009-02-06 at the Wayback Machine, Slgreen.com; accessed December 21, 2017.
  10. SL Green chairman's latest acquisition Not a building, but Air America Radio! Archived 2008-07-18 at the Wayback Machine, westfairinc.com, January 29, 2007.
  11. Louise Story, "Air America to Be Acquired by New York Investor", nytimes.com, January 30, 2007.
  12. https://www.ancestry.com/search/categories/np_newspapers/?name=Sandra_Turboff&name_x=1_1
  13. "Shanal Turboff Obituary (2007) Houston Chronicle".
  14. "Nancy Peck & Co.", Bloomberg; accessed May 17, 2016.
  15. Profile Archived 2011-05-25 at the Wayback Machine, Bookrags.com; accessed December 21, 2017.
  16. SL Green StreetSquash Center to Open in Harlem, marketwatch.com, November 19, 2008.
  17. Grand Opening of the SL Green StreetSquash Center Archived 2012-04-15 at the Wayback Machine, streetsquash.org, November 20, 2008.
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