311:. Upon his death, the remaining partnership agreements between him and his brother were unwound. The ownership structure underlying all the partnerships was set up with Paul and Seymour each with a 20% share; and the six nieces and nephews (the four children of Paul and the two children of Seymour) with 10% each. An acrimonious legal tussle resulted between the two sides of the family with Paul's side claiming majority control since the sum of their interest was 60%.
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281:. Milstein's interest in fostering continued investigations in this emerging field, and his family's tradition of support for organizations dedicated to patient care and scientific research, motivated him and his wife Vivian to establish The Milstein Awards in 1988, two years after interferon was first approved for the treatment of hairy cell leukemia.
288:, commonly known as The Milstein Award, recognizes individuals who have made exceptional contributions to interferon and cytokine research, either in a basic or applied field. Many of these achievements have led to the advancement of human health. Milstein's son Philip continues to support this award, along with
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in two transactions for a total sum of $ 85 million: the management division was sold in 1995 and the brokerage division was sold in 1999. Howard and his father Paul did not inform
Seymour about the transaction indicating that they were not required to do so as their side of the family had an
159:, became president of the Circle Floor Company in 1961. In 1959, Mastic Tile was sold to Ruberoid for $ 24 million. Circle Floor expanded into floor tiles, acoustical ceilings, and drywall construction and won contracts to install flooring in several New York landmarks including
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aggregate 60% ownership of the partnership (20% by Paul
Milstein and 10% with each of Paul's children). This led to a deterioration of the relationship between the two elder brothers, eventually leading to litigation and the unwinding of their long business partnership.
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who preferred to work behind the scenes. This difference is temperament led them to be coined "the diplomat and the barbarian." In 1964, they completed their first large real estate development, the 34-story, 680-unit
Dorchester Towers on the
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down to its steel structure and reclad the frame in granite, despite the building's landmark status and concerted protests by preservationists, in order to fashion a new headquarters for Bank of
America. In 1986, the Milsteins acquired the
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and who started out as a floor scraper. In 1919, his father founded the Circle Floor
Company, Inc., a wood flooring company. Later in 1945, his father also founded the Mastic Tile Company, a vinyl floor tile manufacturing company.
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Through various family controlled entities, the
Milsteins built or bought residential properties with more than 50,000 apartments, 8,000 hotel rooms and 20,000,000 square feet (1,900,000 m) of office space.
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296:, which give those who may not otherwise be able to attend the Annual Meeting of the ICIS an opportunity to share the most current interferon and cytokine knowledge with peers around from the world.
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In the late 1950s, Milstein and his brother Paul founded
Milstein Properties and branched out into real estate. Paul was the aggressive frontman and deal-maker while Seymour was the contemplative
277:, one of the scientists at the forefront of interferon research and an active member of the former ISICR (International Society for Interferon and Cytokine Research), now known as the ICIS,
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In 1945, Milstein married Vivian Leiner. They had two children: Constance
Milstein, who is married to SaĂŻd Abu-Kaud; and Philip L. Milstein, who is married to Cheryl Sue Glicker.
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270:/Columbia Medical Center. Milstein was on the board of the then Columbia-Presbyterian Hospital and remained through the 1998 merger with New York Hospital.
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served as
Chairman for ten years and built the brand to a 40% share of the brokerage market and over 50,000 apartments managed. Douglas Elliman was sold to
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to the entire city. At the time of purchase
Douglas Elliman had 10% of the New York City brokerage market and managed 15,000 apartments. His nephew,
155:. After graduating, he began working for his father's company, the Mastic Tile Company, of which he became president in 1955. Milstein's brother,
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residential real estate brokerage from Edwin J. Gould and Lawrence O. McGauley. They hired new brokers and expanded its geography from the
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Forbes: "Kickin' Cousins - the death of a real estate mogul adds fuel to a family feud. It’s cheaper to play nice" by Joanne Gordon
292:, which recognize the work of individuals who have made an impact on interferon and cytokine research early in their careers, and
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175:. By 1966, Circle Floor had become the largest subcontractor of floor, wall and ceiling construction in the United States.
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227:, which they built into the largest privately owned bank in the country. In 1986, they founded Liberty Cable Co.
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The New York Times, Cuff, Daniel F. and Phillips, Stephen, 1/6/87, "New Emigrant Owners are Tenacious Builders"
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Business Insider Australia: "MILSTEIN: The Rise And Schism Of A Powerful New York Family" by Carrie Hojnicki
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The Lives They Lived: Seymour Milstein, b. 1920 Lewis Rudin, b. 1927 – Lords of the Land" by James Traub
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New York Observer: "Battle of Milsteins: Old Brothers Clash, As Do Grown-Up Boys" By Andrew Rice
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Milstein Medical Asian American Partnership Foundation: "CETV Profile of Howard P. Milstein"
123:(July 21, 1920 – October 2, 2001) was an American real estate developer and philanthropist.
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The Real Deal Real Estate News: "Billionaire developer Paul Milstein dies" By Adam Pincus
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Seymour Milstein's early insights into the critical importance of interferons led him to
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Seymour & Vivian Milstein Award for Excellence in Interferon and Cytokine Research
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The New York Times: "Seymour Milstein, City Real Estate Magnate, Dies at 81"
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New York Presbyterian: "Vivian and Seymour Milstein Family Heart Center "
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The New York Times: "Retaining Order to Block Biltmore Demolition Expires
214:, the parent company of Chiquita Bananas, after the suicide of its owner
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In 1974, the Milsteins entered the mining and energy sectors, acquiring
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The New York Times: "Paul Milstein, City Real Estate Titan, Dies at 88"
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Milstein funded the Vivian and Seymour Milstein Family Heart Center at
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The Real Deal: "Milstein dynasty back in fray " By Candace Taylor
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Real Estate Weekly: "Douglas Elliman/Kreisel sold to Insignia"
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From 1964 to 1973, Seymour Milstein was the chairman of the
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The New York Times: "Cheryl S. Glicker, Lawyer, Married"
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The New York Times: "Milstein Opens Throttle as Builder"
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BusinessWeek Corporate Profiles: "Philip L. Milstein"
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485:"Correction: S. Milstein's Philanthropy"
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720:Deaths from pneumonia in New York City
705:American businesspeople in real estate
290:The Milstein Young Investigator Awards
230:In 1989, the Milstein family acquired
218:. In 1981, the Milsteins stripped the
730:20th-century American philanthropists
725:Philanthropists from New York (state)
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735:20th-century American businesspeople
695:American construction businesspeople
192:. Circle Floor Company was sold to
307:In 2001, Seymour Milstein died of
232:Douglas Elliman-Gibbons & Ives
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710:Businesspeople from New York City
151:In 1941, Milstein graduated from
472:Street Easy: "Dorcester Towers"
394:Terry Pristin. October 3, 2001.
354:Douglas Martin. August 9, 2010.
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268:NewYork–Presbyterian Hospital
205:Bronx-Lebanon Hospital Center
588:"About the Milstein Awards"
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740:20th-century American Jews
715:New York University alumni
629:retrieved November 9, 2013
574:Retrieved November 9, 2013
474:retrieved November 9, 2013
294:The Milstein Travel Awards
58:Manhattan, New York, U.S.
244:Insignia Financial Group
127:Early life and education
300:Personal life and death
220:New York Biltmore Hotel
165:United Nations Building
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194:Kinney Parking Company
169:John F Kennedy Airport
690:American billionaires
495:on September 17, 2024
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225:Emigrant Savings Bank
131:Milstein was born to
78:real estate developer
592:The Milstein Awards
153:New York University
69:New York University
562:September 13, 1995
489:The New York Times
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161:Rockefeller Center
139:and raised in the
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94:Constance Milstein
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497:. Retrieved
493:the original
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53:(2001-10-02)
680:2001 deaths
675:1920 births
598:15 November
167:, and both
669:Categories
315:References
198:Steve Ross
135:family in
75:Occupation
32:1920-07-21
309:pneumonia
185:financier
137:Manhattan
109:(brother)
40:Manhattan
114:(nephew)
91:Children
179:Career
163:, the
145:Russia
133:Jewish
103:Family
83:Spouse
141:Bronx
67:B.A.
600:2017
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284:The
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26:Born
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