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Obituaries

Obituaries

Sherman Cohen

Sherman Cohen, Real Estate Developer Who Transformed Third Avenue Into Residential Destination, Dies at 91

Sherman Cohen, the real estate developer who propelled Cohen Brothers Realty & Construction Corporation into the ranks of the city’s top development firms, has died.  He was 91.

Mr. Cohen, known for his quick wit and sharp dress, founded the company with his two brothers in 1959, later building it into a New York City mainstay along with his son, Charles Cohen.

“It’s the end of an era,” Charles Cohen said about his father.  “He pioneered new neighborhoods and improved the quality of life in so many communities across the city.  He built big residential buildings in areas where people at the time were not looking to build or live.” Read More

Obituaries

Sandy Lindenbaum

Sandy Lindenbaum, Beloved Zoning Attorney For a Generation of Major Developers, Dies At 77

Samuel Lindenbaum, a counselor at the firm Kramer Levin who was considered one of the city’s leading land use attorneys and who was known affectionately throughout the industry as Sandy, died this afternoon the firm announced. The cause of death was esophageal cancer. He was 77.

Mr. Lindenbaum was well known for his deep knowledge of the city’s labyrinthine zoning laws and regulations and was the council of choice for major developers, including Donald Trump, Harry Macklowe and the real estate investment trust Vornado, in the throes of winning city approvals for big time projects. Read More

Obituaries

Wm. Polk Carey, 1930-2012

W.P. Carey & Co. Founder, Real Estate Legend: R.I.P.

Wm. “Bill” Polk Carey, founder and chairman of investment management firm W.P. Carey & Co. that specialized in the acquisition and management of single-tenanted commercial real estate, died yesterday of natural causes at a Florida hospital, his company announced.

He was 81.

In 2009, W.P. Carey & Co. paid $225 million for 21 floors at the New York Times Building at 620 Eighth Avenue under a sale-leaseback arrangement, with the newspaper agreeing to lease out space in the building for up to 15 years. Read More