Bernard 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 |
| 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.
Mendik was born to a Jewish family in Glasgow, Scotland and immigrated to the United States as a child. His father was a handyman. He graduated from the Bronx High School of Science. In 1954, he graduated from City College of New York and in 1959, he received a J.D. from New York University School of Lawwhere he met Larry Silverstein. 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. The partnership was quite successful until Mendik divorced his wife in the late 1970s and the partnership ended. Mendik also cited disagreements over real estate strategies, with Mendik wanting to buy buildings while Silverstein wanted to build. They hired Jerry Speyer to assist in dividing the assets. 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 until his death. 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. In April 1997, Mendik folded his company into Vornado Realty Trust becoming Vornado's co-chairman for $654 million in stock and assumption of debt. 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. In October 1998, he resigned from Vornado.
Mendik taught at New York University from 1960 to 1987 and received the Fiorello La Guardia Award for civic achievement presented by New York City Mayor Rudolph Giuliani.
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