Stephen L. Green

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Stephen L. Green
Born Stephen Lawrence Green
1938 (age 79–80)
Nationality United States
Education B.A. Hartwick College
LL.B. Boston College Law School
Occupation Real estate developer
Known for founder of SL Green Realty
Spouse(s) Nancy Peck
Sandra Turboff
Children Daniel Green
Gary Green
Scott Green
Parent(s) Anne and Irving Green
Family Mark J. Green (brother)

Stephen Lawrence Green[1] (born 1938) is founder and Chairman of SL Green Realty Corp., which claims to be Manhattan’s largest owner of office buildings.[citation needed]

Early life and education[edit]

Green lived in Bensonhurst, Brooklyn until he was ten and then moved to Long Island, first to Elmont and later Great Neck, both in Nassau County, Long Island.[2] His father was a lawyer and apartment landlord while his mother was a public school teacher.[2] His parents were both Republicans. He has one brother, seven years his junior, former New York City Public Advocate Mark J. Green.[2]

Green received a BA from Hartwick College[2] in 1959, and 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.[2] Giving this up, invested in waterfront property in Siesta Key, Florida and developed real estate,[2] but eventually returned to New York City, where he started investing in loft buildings.[citation needed]

Career[edit]

In 1980, Green formed SL Green Properties, Inc.[3] 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.[2] 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.[4] 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.[5]

In 2007, he bought Air America radio network and appointed his brother Mark Green as the network's president.[6][7]

Personal life[edit]

Green is married to Nancy Peck, who runs Nancy Peck & Co, an interior design company.[8] He has three sons, Daniel, Gary, and Scott Green. Nancy has a son by a previous marriage, Jonathan Peck.[9] Of Jewish descent, Green participated in the 1985 Maccabiah Games and 1989 Maccabiah Games in Israel, winning a bronze medal in squash in 1985.[4] He endows the SL Green National Open Squash Championships for U.S. Squash.[citation needed]

Philanthropy[edit]

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.[10][11]

References[edit]

  1. ^ a b "Boston College Bulletin, Law, 1963". Boston College. p. 22. Retrieved December 21, 2017. 
  2. ^ a b c d e f g "Different Lives, Different Politics, But Greens Unite in Mayor's Race", nytimes.com, August 13, 2001.
  3. ^ Leaders Magazine: "An Interview with Stephen L. Green, Chairman of the Board, SL Green Realty Corp." October, November, December, 2012
  4. ^ a b "Stephen Green & Jeff Sutton Buy Out 650 Fifth Avenue Tenant Juicy Couture for $51 Million", jewishbusinessnews.co, November 21, 2013.
  5. ^ Stephen L. Green biography, Slgreen.com; accessed December 21, 2017.
  6. ^ SL Green chairman's latest acquisition Not a building, but Air America Radio!, westfairinc.com, January 29, 2007.
  7. ^ Louise Story, "Air America to Be Acquired by New York Investor", nytimes.com, January 30, 2007.
  8. ^ "Nancy Peck & Co.", Bloomberg; accessed May 17, 2016.
  9. ^ Profile, Bookrags.com; accessed December 21, 2017.
  10. ^ SL Green StreetSquash Center to Open in Harlem, marketwatch.com, November 19, 2008.
  11. ^ Grand Opening of the SL Green StreetSquash Center, streetsquash.org, November 20, 2008.

External links[edit]