Real Estate Roundtable Members Stanley Chera and Mayer Greenberg Pass

In Memoriam -- Real Estate Roundtable Members

Real Estate Roundtable members Stanley Chera and Mayer Greenberg, both from New York, passed away this month. 

  • Stanley Chera founded Crown Acquisitions with Isaac Chera Sr. and built it over a span of three generations to include  ownership interest in dozens of retail and office properties throughout North America, including trophy buildings in Manhattan.  He was a member of The Roundtable since 2015.
  • President Trump called out Mr. Chera at a 2019 rally in Grand Rapids, Michigan, as “one of the biggest builders and real estate people in the world.”
  • Mayer Greenberg, a real estate tax attorney with Kramer Levin was also a member of The Roundtable and an active member of its Tax Policy Advisory Committee (TPAC).  He  advised domestic and foreign investors on the tax implications of complex commercial transactions, including joint ventures, mergers, acquisitions and other business restructurings.
  • Before joining Kramer Levin Naftalis & Frankel LLP in 2019, Mr. Greenberg was a partner with Stroock & Stroock & Lavan LLP. 

Roundtable President and CEO Jeffrey DeBoer said, “We are saddened by the loss of two well-established professionals in commercial real estate who participated in The Real Estate Roundtable for several years.  Both Stanley Chera and Mayer Greenberg were generous with their time and expertise in helping their colleagues, the industry and our organization grow and adapt to rapid changes in the policy and business landscape.  We will miss them and we extend our sincere condolences to their families.” 

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Roundtable Member Joe Stettinius – Cushman & Wakefield’s CEO of Americas

The Real Estate Roundtable is saddened by the recent passing of real estate industry veteran Joe Stettinius.  An active Roundtable member, he was most recently named executive vice chairman of strategic investments for the Americas at Cushman & Wakefield.

Joe Stettinius – Cushman & Wakefield’s CEO of Americas

Since the mid-1980s, Joe worked in every aspect of commercial real estate – from financing to development to research and leasing.  In 2010, he helped launched Cassidy Turley from a network of brokerages affiliated with Colliers International and his former employer, Cassidy & Pinkard. 

He played a key role in two significant mergers – Cassidy Turley’s merger with DTZ in January 2015, followed by DTZ’s merger with Cushman & Wakefield, which created a 43,000-employee global giant. (Biz Journals and BizNow, Feb. 2)

Cushman & Wakefield issued a statement that included, “Joe was committed to his friends and colleagues, helping them transform into the best version of themselves.  He will be remembered for his dedication to diversity – building a culture where all could succeed.” (Cushman & Wakefield, Feb. 2)

Commercial Real Estate Industry Pioneer Marshall Bennett

The commercial real estate industry mourns the recent passing of real estate industry icon Marshall Bennett.  He was 97.  (Chicago Tribune, Oct. 16)

Commercial real estate industry icon Marshall Bennett passed away this week at the age of 97.

  • Marshall Bennett was one of the most successful real estate developers in Chicago and a pioneer of the modern industrial park.  In 1946, Bennett and Louis Kahnweiler, with financial backing from Jay Pritzker, launched Centex Industrial Park in the 1950s on more than 2,000 acres in Elk Grove Village—opening up the O’Hare submarket to large, industrial properties. This facility would become the nation’s largest and serve 1,500 companies. Throughout their partnership, Bennet and Kahnweiler amassed a portfolio of 26 industrial parks around the country. (RE Journals, Oct. 16)
  • Among his many accomplishments, Bennett was a World War II Navy veteran; was inducted into the Chicago Board of Realtors Hall of Fame in 1989; and served on the board of the East-West Institute global think tank. He also co-founded the Chicago Ten, an interfaith group that worked for peace in the Middle East.

Notably, Bennett co-founded Roosevelt University’s Marshall Bennett Institute of Real Estate in 2002. He helped raise $11 million to start the school as a training ground for real estate professionals. Since its inception, the program has graduated almost 325 in two master’s degree programs. (Crain’s Chicago Business, Oct. 15)