Bernard H. Mendik
| Bernard Hyman Mendik | |
|---|---|
| Born |
May 29, 1929 Glasgow, Scotland |
| Died | 2001 (aged 71–72) |
| Residence | Manhattan |
| Nationality | United States |
| Education |
B.A. City College of New York J.D. New York University |
| Occupation | real estate developer |
| Known for |
founder of Mendik Company Chairman of the Real Estate Board of New York |
| Religion | Judaism |
| Spouse(s) |
Annette Silverstein (divorced) Susan Batkin |
| Children |
with Silverstein: --Laurie J. Mendik --Kevin R. Mendik --Todd L. Mendik with Batkin: --Alexander J. Mendik |
Bernard Hyman Mendik (May 29, 1929 – May 28, 2001) was an American real estate developer, founder of the Mendik Company, and chairman of the Real Estate Board of New York.[1]
Biography
Mendik was born to a Jewish family in Glasgow, Scotland and immigrated to the United States as a child.[1] His father was a handyman.[2] He graduated from the Bronx High School of Science.[2] In 1954, he graduated from City College of New York and in 1959, he received a J.D. from New York Law School[1] where he met Larry Silverstein.[3] After school, he married Silverstein's sister and joined her father's real estate business, Harry G. Silverstein & Sons. In 1966, Harry Silverstein died and Mendik and Larry Silverstein formed Silverstein & Mendik.[4] The partnership was quite successful until Mendik divorced his wife in the late 1970s and the partnership ended.[3] Mendik also cited disagreements over real estate strategies, with Mendik wanting to buy buildings while Silverstein wanted to build.[5] They hired Jerry Speyer to assist in dividing the assets.[3] Mendik then founded the Mendik Company.
In 1982, he joined the Real Estate Board of New York and in 1992, he served as its chairman[1] until his death.[6] Under his stewardship, the Real Estate Board persuaded the State Legislature to end or reduce real estate-related capital gains and transfer taxes; he also successfully promoted legislation legalizating of real estate investment trusts in New York.[6] In April 1997, Mendik folded his company into Vornado Realty Trust becoming Vornado's co-chairman[1] for $654 million in stock and assumption of debt.[2] The combination of the Mendik Company's seven midtown office buildings with four million square feet transformed Vornado, then primarily a holder of suburban malls, into a major player in New York City's office market.[6] In October 1998, he resigned from Vornado.[7]
Mendik taught at New York University from 1960 to 1987[6] and received the Fiorello La Guardia Award for civic achievement presented by New York City Mayor Rudolph Giuliani.[6]
Philanthropy
He endowed a library in his name at the New York Law School; a professorship in otolaryngology at New York University Medical Center; and supported research centers there and at Memorial Sloan-Kettering Cancer Center.[1] He served as chairman of the Grand Central Partnership, as a trustee of the Citizens Budget Committee, as vice chairman of the Fifth Avenue Association, and on the board of regents of the Cathedral of Saint John the Divine.[1]
Personal life
Mendik divorced his first wife, Annette Silverstein, sister of Larry Silverstein; they had three children: Laurie J. Mendik, Kevin R. Mendik, and Todd L. Mendik. Mendik's second wife was Susan Batkin; they had one child, Alexander J. Mendik.[1] He was a member of Congregation Emanu-El of New York.[1]
References
- 1 2 3 4 5 6 7 8 9 New York Times: "Bernard Mendik, 72, Prominent Landlord and Head of Real Estate Industry Board, Dies" By WOLFGANG SAXON May 30, 2001
- 1 2 3 New York Daily News: "REALTY MOGUL BERNARD MENDIK" BY Bill Hutchinson May 29, 2001
- 1 2 3 New York Observer: "Silverstein Recovers: Dark Horse May Win World Trade Center" By Andrew Rice April 9, 2001
- ↑ "Silverstein Properties, Inc. - Company History". Fundinguniverse.com.
- ↑ Salmans, Sandra (1985-01-28). "Putting Together City's Biggest Apartment Deal". New York Times. Retrieved 2008-11-11.
- 1 2 3 4 5 CoStar Group: "Manhattan Real Estate Mogul Bernard Mendik Dies - Chairman of the Real Estate Board of New York and former chairman of the Mendik Co., dead at 72" by Tim Trainor May 30, 2001
- ↑ Vornado Realty Trust: "Vornado announced the resignation of Bernard Mendik's Chief Executive Officer of Vornado Mendik and as Co-Chairman of Vornado's Board of Directors" October 13, 1998