Sheldon Solow
Sheldon Henry Solow was an American real estate developer in New York. Solow acquired his first property, a 72-family apartment building in Far Rockaway, in 1950. He established an office in Park Avenue in 1962 around the same time he was developing luxury apartments on Manhattan’s Upper East Side. In 1975 he sued Avon Products, a tenant at 9 West 57th Street, for referring to the site as the ‘Avon Building’
About Sheldon Solow in brief
Sheldon Henry Solow was an American real estate developer in New York. Solow acquired his first property, a 72-family apartment building in Far Rockaway, in 1950 with a government-insured loan that his father arranged. He established an office in Park Avenue in 1962 around the same time he was developing luxury apartments on Manhattan’s Upper East Side. In 1975 he sued Avon Products, a tenant at 9 West 57th Street, for referring to the site as the \”Avon Building\”. The case was dismissed but Solow launched further legal action against the company claiming they had failed to restore the building to its original condition at the end of their lease in 1997.
In 2006 Solow sued Conseco, owner of the General Motors Building, alleging that the USD 1.4 billion sale of the property by auction had been rigged to exclude him. The case was dismissed in 2009. In 2013 Solow had the largest individual loss from the Libor scandal in the U.S., estimated at USD 0.5 billion. As of April 2019, the New York Judge ruled in favor of Solow again, this time over Libor, and the Citi Bankor lawsuit will not be revived.
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