Laurence Gluck

Laurence "Larry" Gluck (January 29, 1953 – June 13, 2024) was an American businessman, investor, and lawyer. He was based in New York and co-founded the real estate company Stellar Management.

Early life and education Gluck was born to a Jewish family, He had two brothers and a sister. He took a pay reduction (from $50,000 to $35,000) to go to Dreyer and Traub. In 1998, due to the collapse of the real estate market, Witkoff and Gluck dissolved their partnership with Gluck taking the residential properties under his firm Stellar Management, and Witkoff taking the office buildings under his newly founded firm the Witkoff Group and expanding into residential construction and rehab. From 2004, he purchased over a dozen ageing residential complexes that had been built with state Mitchell-Lama program subsidies. As the subsidies expired, he replaced rent-regulated residents with market-rate tenants (generally paying twice or thrice the rent). In 2005, he borrowed $250 million to buy and renovate the Riverton Houses, a 1,232-unit residential development in Harlem, New York City, with 90 percent of its units rent-stabilized, but lost it to foreclosure in 2008 as the real estate boom collapsed.

In 2005, Gluck signed a contract to buy the 33-story Tivoli Towers in Crown Heights, Brooklyn, with plans to take it out of the Mitchell-Lama program, but was forestalled when tenants discovered a covenant that prohibited Tivoli from leaving the Mitchell-Lama program until 2024. Litigation ensued and the confrontation became politicized with both borough president Marty Markowitz and U.S. Senator Chuck Schumer opposing Gluck's purchase. they had three daughters: Amanda, Dana, and Heather. He was first diagnosed in 2013.