Marvin Kratter

From Wikipedia, the free encyclopedia
Jump to: navigation, search

Marvin Kratter (born on November 9, 1915 in Brooklyn, died October 24, 1999 in Encinitas, California) was a New York-based real estate investor who was the head of the Kratter Corporation, National Equities, Countrywide Realty, Knickerbocker Brewery, Rom-American Pharmaceuticals, and the Boston Celtics. [1]

A graduate of Brooklyn College and Brooklyn Law School (1939),[2] Kratter started his career as a Certified Public Accountant in New York City. He moved to Tucson, Arizona in the 1930s and he started a dude ranch, Rancho del Rio Estates, in 1945. Kratter's ranch went bankrupt in 1949 and he moved back to New York City, where he became one of the first to practice real estate syndication. [3]

In 1956, Kratter bought Ebbets Field from Brooklyn Dodgers owner Walter O'Malley. He leased Ebbets Field back to O'Malley until the team left for Los Angeles after the 1957 season. From 1965 to 1968 Kratter was the owner of the Boston Celtics. [4]

In 1977, Kratter released a solo album "What I Did for Love" under the name Mark Matthews. [5]

References[edit]

  1. ^ Nick Ravo (December 9, 1999). "Marvin Kratter, 84; Once Owned Ebbets Field". The New York Times. Retrieved 2010-03-14. 
  2. ^ Nagle, James J. (August 25, 1963). "Personality: Real Estate Man Now Brewer; Company Head Also Likes Devices That Save Labor Marvin Kratter Has a Fondness for Unusual Deals Move Opposed Likes Folk Dancing Lights Donated". The New York Times. 
  3. ^ Nick Ravo (December 9, 1999). "Marvin Kratter, 84; Once Owned Ebbets Field". The New York Times. Retrieved 2010-03-14. 
  4. ^ Nick Ravo (December 9, 1999). "Marvin Kratter, 84; Once Owned Ebbets Field". The New York Times. Retrieved 2010-03-14. 
  5. ^ Nick Ravo (December 9, 1999). "Marvin Kratter, 84; Once Owned Ebbets Field". The New York Times. Retrieved 2010-03-14. 
Preceded by
Lou Pieri and Marjorie Brown
Boston Celtics principal owner
1965–1968
Succeeded by
Ballantine Brewery