Lloyd Goldman
Lloyd Goldman | |
|---|---|
| Born | 1958 (age 65–66) |
| Nationality | United States |
| Occupation | real estate investor |
| Known for | founder of BLDG Management |
| Spouse | Victoria Goldman |
| Children | Regina 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
- ^ a b c d e Wall Street Journal: "Meet the Other Trade Center Builder - Larry Silverstein's Deep-Pocketed Partner, Lloyd Goldman, Is Likely to Take Over the Office Towers One Day" By Alex Frangos and Peter Grant September 11, 2008
- ^ New York Times: "Sol Goldman, Major Real-Estate Investor, Dies" October 19, 1987
- ^ The Real Deal: "Joseph Cayre" by Lauren Elkies retrieved November 23, 2013
- ^ a b Bloomberg: "WTC Investor Lloyd Goldman Buys Co-Op for $13.8 Million" By Oshrat Carmiel & David M. Levitt March 15, 2012
- ^ New York Times: "Silverstein Will Get Most of His Cash Back In Trade Center Deal" By CHARLES V. BAGLI November 22, 2003
- ^ New York Observer: "Joseph Chetrit, the Most Mysterious Big Shot in New York Real Estate" by Tom Acitelli July 5, 2011
- ^ Wall Street Journal: "Real-Estate Family Wars With Itself - Feil Siblings Grapple With Empire Created by Their Father" By Sarah Rose and Peter Grant September 2, 2013
- ^ a b c d e American associates Ben-Gurion University of the Negev: "New York Real Estate Executive and Philanthropist Lloyd Goldman to Assume Presidency of AABGU" retrieved October 25, 2013
- ^ Victoria Goldman website retrieved October 25, 2013
- ^ New York Times: "Regina Goldman and Richard Krumholz" November 11, 2012