Norman Sturner

Norman Sturner
Born	(1940-09-06) September 6, 1940 (age 83) Bronx, New York
Nationality	American
Education	B.A. St. John’s University
Known for	co-founder and CEO of Murray Hill Properties
Spouse	Harriet Sturner (m. 1959)
Children	Andrew Sturner David Sturner

Norman Sturner (born September 6, 1940) is an American real estate developer and co-founder and CEO of Murray Hill Properties. ^[1]

Biography

Sturner was born in the Bronx, New York ^{[1] [2]} to a Jewish family and grew up in Bayside, Queens where he attended Bayside High School. He worked as a short-order cook when he was a teenager and entered college at the age of 16. ^[1] He is a graduate of St. John's University ^[3] where he majored in accounting. ^[2] After school, he first worked as an accountant. ^[2] and then moved on to become one of the largest mutual fund dealers in the country and owned a seat on the Philadelphia-Baltimore-Washington stock exchange. In 1971, he and his business partners, Neil Siderow ^{[2] [4]} an owner of a life insurance agency, and Michael Green, purchased a building on the verge of default for $70,000 which led to additional purchases and began their career in real estate investment. ^[5]

Sturner focuses solely on commercial real estate in Manhattan; handling all aspects of development except construction - which is outsourced. ^[5] His strategy historically has been to purchase undervalued commercial properties in Manhattan ^[6] and improve them (typically upgrading lobbies and elevators) to attract a better class of tenants. ^[5] His firm has acquired and sold more than 150 properties with a value of more than US$10 Billion. ^[3] Sturner is a great believer in New York City stating: "New York is an island which cannot be moved anywhere and lose its value." ^[7]

Sturner was named a member of the Commercial Observer's “Power 100” in New York City. Sturner is an approved receiver by the New York State Office of Court Administration (OCA), is a member of Real Estate Board of New York (REBNY), is a member of the Association for a Better New York (ABNY), and serves as vice president of the executive committee of the Realty Foundation of New York. ^[6]

Personal life

In 1959, he married, Harriet Sturner, whom he met in high school. ^[1] They live in Short Hills, New Jersey ^[1] and have two sons: ^[1] Andrew Sturner who operates several marinas; and David Sturner who works at Murray Hill Properties. ^{[8] [9]} He serves as a mentor to the Young Jewish Professionals Real Estate Network. ^[10]

References

1. The Real Deal: "Norman Sturner" By Candace Taylor retrieved January 20, 2014
2. New York Sun: "Norman Sturner Has the Midas Touch" By PRANAY GUPTE April 28, 2005
3. Murray Hill Properties: "Norman Sturner, President / CEO Archived 2014-02-02 at the Wayback Machine retrieved January 20, 2014
4. Commercial Observer: "Norman Sturner Rages Against the Dying of the Light" By Jotham Sederstrom July 26, 2010
5. New York Times: "The 30-Minute Interview : Norman Sturner" by VIVIAN MARINO January 22, 2013
6. Leader's Magazine: "An Interview with Norman Sturner, President and Chief Executive Officer, Murray Hill Properties" January 1, 2013
7. MR Management: "Norman Sturner Addresses B'Nai B'Rith Real Estate" September 2012
8. Real Estate Weekly: "Real estate families making sure the kids are alright" November 5, 2013
9. Commercial Observer: "Like Father, Like Son: Murray Hill Properties’ David Sturner" By Billy Gray October 1, 2013
10. Young Jewish Professionals Real Estate Network: "Young Jewish Professionals Real Estate Network Holds All Star Panel" by Marc Becker Archived 2014-02-01 at the Wayback Machine November 13, 2009

External links

• NYREJOURNAL: "NYC Real Estate Expo 2012 - Norman Sturner" on YouTube