Michael Stern

Other Links:

https://jdsdevelopment.com/team

Person Activity past 24 months:

Borrower signatory: 1 for $75 million

Top Ten Associated Companies:

Ying Eliason (1), Madison Realty Capital (1), Genworth Financial (1), Justin Patrick McLeod (1), Katherine Moore McLeod (1), Black Spruce Management (1), 514 West, LP (1), 514w24, LLC (1)

Top Ten Associated People:

Lori Ostrover (1), Jonathan Abraham (1), Randal O’Connor (1), Brian Shatz (1), Xiaomin Chen (1), Justin Patrick McLeod (1), Katherine Moore McLeod (1), Joshua Gotlib (1), Jeffrey S. Tanen (1), Ross Levine (1)

Recent activity as signatory:

• 795 Fifth Avenue cooperative borrowed $75 million from Genworth Financial for 795 5 Avenue on June 03, 2026.

• JDS Development Group sold 111 West 57th Street, Midtown West, Manhattan for $18.9 million to The buyer on May 26, 2022.

• JDS Development Group sold 111 West 57th Street, Midtown West, Manhattan for $25.5 million to The buyer on May 13, 2022.

• JDS Development Group sold 514 West 24th Street, Chelsea, Manhattan for $12.8 million to Justin Patrick McLeod and Katherine Moore McLeod on May 11, 2022.

• JDS Development Group sold 111 West 57th Street, Midtown West, Manhattan for $22.5 million to The buyer on April 20, 2022.

• JDS Development Group sold 111 West 57th Street, Midtown West, Manhattan for $27.9 million to The buyer on March 31, 2022.

• JDS Development Group sold 514 West 24th Street, Chelsea, Manhattan for $7.2 million to Madison Realty Capital on March 21, 2022.

• JDS Development Group sold 514 West 24th Street, Chelsea, Manhattan for $15 million to 514 West, LP on March 15, 2022.

• JDS Development Group sold American copper building for $837 million to Black Spruce Management on March 01, 2022.

• Largo Investments sold 514 West 24th Street, Chelsea, Manhattan for $15.2 million to The buyer on November 30, 2021.

Latest Stories:

• Black Spruce, Orbach sign $525.1M refi with Arbor for 761-unit rental in Murray Hill (August 18, 2025)

• Silverstein acquires unsold Brooklyn Tower retail, rentals, unsold units from JDS through $672M transfer (July 02, 2024)

• JDS Development sells 111 West 57th unit for $27.9M, 8th sale in tower recorded (April 18, 2022)

• Madison Realty Capital pays $7.2M to JDS Development for retail unit in Chelsea (March 30, 2022)

• Black Spruce records $837M purchase of JDS Developments’ American Copper rental in Murray Hill (March 15, 2022)

• JDS sells Chelsea condo for $11.5M (September 01, 2021)

• JDS Development sells 111 West 57th unit for $11M (June 30, 2021)

• Ric Duques sells Pierre co-op for $11.3M (April 21, 2021)

• JDS, PMG extend $400M construction loan from AIG at 111 West 57th Street (January 27, 2021)

• The Pierre co-op in Lenox Hill add $17M in debt for total of $50M from Genworth Life (December 17, 2020)

Court Records: