Stanley Chera, the prominent New York City real estate developer and Republican donor who co-founded Crown Acquisitions, has died of complications related to Covid-19, a source close to Chera confirms to CNN. He was in his late 70s.
New York Stanley Chera, the prominent New York City real estate developer and Republican donor who co-founded Crown Acquisitions, has died of complications related to Covid-19, a source close to Chera confirmed to CNN Sunday. He was in his late 70s.
Chera's real estate career began when he started buying the retail buildings that held his family's chain of children's specialty stores, holdings that became Crown Acquisitions, according to the company's website. The company eventually divested from the retail stores to focus on real estate. Crown's holdings include several iconic New York City properties, such as The St. Regis New York and the Cartier Mansion. Chera was also friends with President Donald Trump.
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