Stuart Bienenstock, a business leader residing in Woodmere, NY, works with Triple Five Group in East Rutherford, New Jersey as director of business development. During the early stages of his journey in the business world, Stuart Bienenstock attended Columbia University’s Business School, graduating from its MBA program in 1999.The Columbia Business School MBA program offers a solid foundation in business education. Students take a total of 60 credits of graduate-level coursework during the program, with 18 of these credits serving as core courses. While no transfer credits are accepted, some students may be exempted from certain courses and can instead take more electives.The core curriculum of the MBA program covers all business functions, ensuring students have at least some familiarity with all elements of the organizations they may lead. Over the course of the first two terms, students cover topics like marketing, finance, accounting, and economics, and also develop their quantitative skills through a managerial statistics course. In the second term, they improve their skills in operations management. In the second term and onward, they may take elective coursework relevant to their chosen careers.
A professional in real estate investments and business development, Stuart Bienenstock has served in executive roles that include senior vice president at Bank of NY and a consultant at Ernst & Young. Currently, Stuart Bienenstock draws on this experience and a master of business administration from the NY-based Columbia University at the real estate investment firm Triple Five Group. As the director of business development for Triple Five, Stuart Bienenstock manages end-to-end business-development processes and secures joint venture equity funding. Joint ventures refer to cooperative business arrangements in which multiple parties work together toward a common goal. Since joint ventures carry some risk, such as business failure or shared liability, they are often created with a joint venture agreement that details the terms and structure of the arrangement. Joint ventures are often structured as a business partnership, a separate business, or as a limited cooperation agreement. Limited cooperation agreements involve business alliances in which two parties work together in a limited way. For example, one company may utilize another’s distribution network. Alternatively, in cases where added flexibility is required, a new business may be formed. In this model, each partner holds a management position in the separate joint venture business. The full partnership model offers the most involved joint venture structure. In these circumstances, businesses typically form a limited liability partnership, but can even go so far as to merge.
A real estate MBA graduate of Columbia University in NY, Stuart Bienenstock engages with the internationally networked Triple Five Group as business development director. With an emphasis on aviation and aerospace, Stuart Bienenstock has been integrally involved in plans to develop the Enterprise Park at Calverton (EPCAL) in Riverhead, NY.As reported in the Riverhead News, the proposed research center will focus on aviation technology and serve to move the Long Island region closer to the forefront of an industry it once led. A core component of this vision has been Luminati Aerospace, which is developing wind and solar-powered unmanned aerial vehicles that travel at high altitudes and would have perpetual flight capabilities. Mr. Bienenstock emphasized at a Riverhead public hearing in March 2018 that the entity Calverton Aviation and Technology (CAT), which is driving the EPCAL land acquisition, would seek to create a diversified corporate base at EPCAL. Companies that have expressed strong interest in using the facility include Sci-Max Technology, CPC, Launcher, which is currently based at the Brooklyn Navy Yard’s incubator lab and is creating rockets able to launch miniaturized satellites into orbit. Launcher has a testing site set up currently in Calverton that Triple Five has been instrumental in facilitating.
