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Lloyd Goldman

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Lloyd Goldman
Born1958 (age 65–66)
NationalityUnited States
Occupationreal estate investor
Known forfounder of BLDG Management
SpouseVictoria Goldman
ChildrenRegina Goldman Krumholz
Robert Goldman
Parent(s)Irving Goldman
Joyce Goldman

Lloyd Goldman is a New York real estate developer and founder of BLDG Management.

Biography

Goldman is the son of real estate investor Irving Goldman.[1] His uncle, Sol Goldman, was one of the most prominent real estate investors in New York City during the 1980s owning a portfolio of nearly 600 commercial and residential properties.[2] Goldman inherited a portfolio of New York City real estate. In the 1990s, he focused on buying distressed properties at government auctions. He founded BLDG Management which controls over $2 billion in real estate.[1]

In early 2001, he partnered with Larry Silverstein and Joseph Cayre to purchase the lease of the World Trade Center from the Port Authority of New York and New Jersey[3][1] for $3.2 billion.[4] The partnership was required to post $800 million in fees and down payments to win the deal. Goldman and Cayre posted a combined $110 million; Silverstein contributed $14 million; Frank Lowy's Westfield America contributed $127 million (Westfield controlled the retail mall at the trade center); and $563 million was borrowed from GMAC Financing.[5] Goldman was to receive 25% of the management fees.[1] In 2006, Goldman's share was increased to 50% and he will take over control of the project from Silverstein in 2016.[1]

In 2004, he was an investor in a group that purchased the 110-story Sears Tower in Chicago for $840 million with partners Joseph Moinian, Joseph Chetrit, and Jeffrey Feil, eventually changing the name to the Willis Tower in 2009.[6] In 2009, he partnered with Jeffrey Feil and Stanley Chera to purchase for $117 million the retail space in The St. Regis Hotel; in 2012, they sold it for $380 million.[7]

He serves on M&T Bank’s New York City Director’s Advisory Council and Mortgage Investment Council.[8]

Philanthropy

In 2012, he was elected the president of American Associates, Ben-Gurion University of the Negev (AABGU).[8] He is trustee of the Joyce and Irving Goldman Family Foundation,[8] and is involved with Conservation International, The Educational Alliance, and the We Are Family Foundation. Goldman serves as a trustee of the North Shore-Long Island Jewish Health System.[8]

Personal life

Goldman lives in Manhattan[4] with his wife Victoria, an education consultant and author of the Manhattan Family Guide to Private Schools.[8][9] Their daughter, Regina Goldman, is an assistant district attorney for Middlesex County, Massachusetts. In 2012, she married Richard Krumholz at the Central Synagogue in New York.[10]

References

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