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Solow Building Company chairman Stefan Soloviev, CEO Michael J. Hershman and vice chairman Hayden Soloviev (Solow Residential, Fairfax, LinkedIn)
Stefan Soloviev spent years running a cattle and wheat agricultural business out of New Mexico before stepping into a greater role at his father’s Solow Building Company. In recent years the East Hampton resident has been buying up farms and vineyards on the North Fork.
Now, five months after the death of his father, Sheldon Solow, the real estate scion is reorganizing some of his varied ventures into a new holding company, the Soloviev Group.
The entity will encompass realty and development, in addition to hospitality, transportation and railroad, and agriculture and ranching divisions. Soloviev will serve as chairman, his son Hayden Soloviev as vice chairman and Michael J. Hershman as CEO, Solow Building Company announced Monday.
Clockwise from top left: Stanley Chera, Sheldon Solow, Peter Hauspurg, Gerald Hines, Jerry Wolkoff, and Bianca Yankov
In a year when so many lives were lost, real estate was not spared. The industry mourned both legendary figures and those who died too soon.
But it was the death of Stanley Chera, the 77-year-old patriarch of Crown Acquisitions, that epitomized the year. The real estate titan had decamped New York City for Deal, New Jersey, early in the pandemic at the behest of his longtime friend, President Donald Trump. But on April 11, Chera died of complications from Covid-19. When Trump contracted Covid later in the year, he reportedly asked an aide, “Am I going to go out like Stan Chera?”