Former Harris Blitzer Sports & Entertainment CEO Jonathan Fascitelli 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. 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 strategic developments across various sports team holdings, including the Philadelphia 76ers and New Jersey Devils, as well as affiliated entities such as the Washington Commanders and Cleveland Guardians. Seregh aims to leverage Fascitelli’s extensive background in venue redevelopment, large-scale master planning and mixed-use development. The platform will provide capital and development expertise and focus on filling the gap in team-led real estate development, ensuring that venue owners, investors and communities benefit from these strategic initiatives, the company said.
“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,” said Fascitelli, Seregh founder and chairman. “Sports and entertainment venue owners increasingly recognize the importance of developing the real estate adjacent to venues but are often ill-equipped to execute on their vision. Development this extensive requires the necessary expertise and capital for large-scale real estate investment, which Seregh offers. When the real estate surrounding arenas and stadiums is developed strategically, it can support $1 billion to $3 billion in new adjacent development.”
“Jonathan Fascitelli has been an impactful leader, driving projects that benefit our teams and communities,” said David Adelman, HBSE Limited Partner and Chairman of 76 Devcorp. “Jonathan’s work with our team to deliver the new 76ers arena has been critical. He will remain a valuable resource to us, and now to other teams, the leagues and communities he partners with.”
Talent agency CAA has made a strategic investment in Seregh and CAA Managing Director Michael Levine will join the Seregh advisory board. Additional Advisory Board members include Joseph M. Cohen, director of Madison Square Garden Sports Corp. (MSG Sports), chairman, Brand Velocity Sports Group (BVGS) and president, The Switch Sports Group; Kevin Demoff, president of team and media operations for Kroenke Sports and Entertainment; Amy Latimer, executive vice president and chief operating officer at global hospitality company Delaware North and Mitchell Schear, a senior real estate executive with over 40 years of experience leading public and private real estate companies, including Camber Creek, JBG Smith, Vornado/Charles E. Smith and The Kaempfer Company.
Fascitelli plans to raise additional capital with the goal of creating an ecosystem for sports and entertainment-related development projects on a global scale.
