Lloyd Goldman

Lloyd Goldman
Born 1958 (age 57–58)
Residence Manhattan, New York
Nationality United States
Ethnicity Jewish
Occupation real estate investor
Known for founder of BLDG Management
Spouse(s) 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

  1. 1 2 3 4 5 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
  2. ↑ New York Times: "Sol Goldman, Major Real-Estate Investor, Dies" October 19, 1987
  3. ↑ The Real Deal: "Joseph Cayre" by Lauren Elkies retrieved November 23, 2013
  4. 1 2 Bloomberg: "WTC Investor Lloyd Goldman Buys Co-Op for $13.8 Million" By Oshrat Carmiel & David M. Levitt March 15, 2012
  5. ↑ New York Times: "Silverstein Will Get Most of His Cash Back In Trade Center Deal" By CHARLES V. BAGLI November 22, 2003
  6. ↑ New York Observer: "Joseph Chetrit, the Most Mysterious Big Shot in New York Real Estate" by Tom Acitelli July 5, 2011
  7. ↑ 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
  8. 1 2 3 4 5 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
  9. ↑ Victoria Goldman website retrieved October 25, 2013
  10. ↑ New York Times: "Regina Goldman and Richard Krumholz" November 11, 2012
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