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New York & Tri-State  + Midtown New York  + Hospitality  |  September 5, 2024
Paul Bubny
By: Paul Bubny

Jonathan Fascitelli Launches Platform to Develop Real Estate Around Sports Venues

Jonathan Fascitelli, formerly CEO of HBSE Real Estate, has launched Sports and Entertainment Real Estate Global Holdings (Seregh, pronounced “surge”), a platform dedicated to investing in and developing real estate around sports and entertainment venues. The New York-based company aims to create transformational developments in partnership with venue owners. Seregh strategic investors include Harris Blitzer Sports & Entertainment (HBSE) and Creative Artists Agency (CAA), with more to be announced soon.

Fascitelli’s tenure at HBSE was marked by transformative projects and strategic developments across various team holdings, including the Philadelphia 76ers and New Jersey Devils, along with affiliated entities such as the Washington Commanders and Cleveland Guardians. He has developed, financed or consulted on 15-plus arenas and other venues across North America and Europe.

“Seregh represents the next frontier in real estate surrounding sports and entertainment venues,” said Fascitelli. “With more than 30 arena and stadium renovations and new projects in planning stages, plus 40 stadium leases expiring between 2030-2039, there is tremendous market opportunity to develop mixed-use real estate around these venues that directly benefits the teams and their communities.”

Pictured: A rendering of 76 Place, a proposed arena in Philadelphia which Fascitelli has spearheaded.

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Seregh's Fascitelli

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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