New York City developer Larry A. Silverstein today announced that Martin S. Burger has joined Silverstein Properties as Executive Vice President of the company.
Mr. Burger comes to Silverstein Properties with a proven track record and many successes in real estate development, investment, management, sales and leasing. Mr. Burger was most recently the President and Chief Executive Officer of Artisan Real Estate Ventures, a company he founded in 2006. Prior to that, Mr. Burger was the President of Related Las Vegas and Executive Vice President of The Related Companies, L.P. Mr. Burger has also worked as a Vice President at The Blackstone Group and also for Goldman Sachs' Whitehall Real Estate funds.
"I am thrilled that Marty is joining the company as we prepare to grow at home and overseas," said Mr. Silverstein. "He brings a wealth of experience in real estate and a sterling reputation built on many years of accomplishment. His track record, professional skills and ingenuity will serve this firm extremely well in the years to come as we acquire new properties, win new development projects and form new joint ventures."
Mr. Burger said: "I am very excited to join Silverstein Properties and am looking forward to helping Larry Silverstein and his team expand some of the company's existing platforms, create some new platforms, and help prepare the company to take advantage of emerging opportunities around the world."
"Not only does Marty have a long and successful history in the real estate industry, he possesses an enormous amount of energy and is a great fit with the culture of the Silverstein organization," said Mickey Kupperman, Chief Operating Officer of Silverstein Properties. "I'm confident he will make a major contribution in helping achieve our goals over the next few years."
As head of Artisan Real Estate Ventures, Mr. Burger oversaw the acquisition and management of almost 2,000 residential rental units around the Las Vegas valley. Artisan also provides brokerage and management services to high-rise and mid-rise condominium development projects.
Prior to Artisan, Mr. Burger spent 15 years at Related, most recently as the President of Related Las Vegas and Executive Vice President of The Related Companies, L.P. Mr. Burger was also a Principal and the Chief Investment Officer for Related Urban Development (mixed use division), Related Lodging Group (hotel division) and Related Experiences (sponsorship division). As President of Related Las Vegas, Mr. Burger led all of Related's efforts in the City of Las Vegas and Clark County, Nevada, and is a past member of the Executive Committee of the World Market Center in downtown Las Vegas. Mr. Burger opened the Related Las Vegas office in 2004, after opening Related's office in Washington, D.C. in 2003.
As Executive Vice President and Chief Investment Officer of Related Urban Development, Mr. Burger was responsible for the structuring and financing for all of its projects involving more than $4 billion in public and private debt and joint venture equity transactions. Mr. Burger was responsible for completing the equity joint venture and all of the debt financing for its CityPlace project in West Palm Beach, Florida, as well as the bond financing for all of the public improvements in the project. In New York, Mr. Burger was responsible for leading the team that structured and closed $1.8 billion of debt and equity for the 2.8 million square foot Time Warner Center project on Columbus Circle. Mr. Burger subsequently helped orchestrate the successful refinancing of over $2 billion of debt and equity for the project.
From 1994 to 1997, Mr. Burger was a Vice President at The Blackstone Group working on acquisitions for its two real estate opportunity funds. From 1993 to 1994, Mr. Burger worked for Goldman Sachs' Whitehall Real Estate funds also on the acquisition side. Prior to that, Mr. Burger spent five years at The Related Companies where he was a Vice President of Development and Acquisitions.
Mr. Burger received a Bachelor of Science degree in Economics from the Wharton School of the University of Pennsylvania. He is a member of the Urban Land Institute and the International Council of Shopping Centers.
About Silverstein Properties, Inc.
Silverstein Properties, Inc. (SPI) is one of the most active and respected real estate development and investment firms in the country. Founded in 1955 by President and CEO Larry Silverstein, SPI has developed, owned and managed more than 35 million square feet of commercial, residential and retail space in the Unites States. The firm offers fully integrated real estate services including design, development, leasing, management, and operations.
SPI has $10 billion worth of development activities underway, including rebuilding the commercial office space at the World Trade Center, one of the world's most complex mega-projects; a Four Seasons Hotel and Residences in Downtown Manhattan, the area's first five star hotel; and Silver Towers, one of the largest new residential rental developments in New York.
The company includes almost 200 professionals from every discipline in the real estate industry. For the second year, the firm was recognized as one of the "Best Places to Work in New York City" by Crain's New York Business.
Throughout SPI's history, the company has developed, acquired and renovated some of most innovative, successful and high-profile properties, including the Ronald Reagan Building and International Trade Center in Washington, D.C., the only Federal building dedicated to governmental and private use; Teleport, the world's first satellite communication center linked to a regional high-speed fiber optic network in Staten Island; 120 Wall Street, the country's only Non-Profit Association Center; and 7 World Trade Center, New York City's first LEED-certified office building.
More information about Silverstein Properties is available at www.silversteinproperties.com.