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Silverstein Winds Down: As Developer Moves From Chief Executive Role, an Outsider Takes Over Duties

Larry Silverstein has long been known as the Energizer Bunny of New York real-estate developers. But after 60 years in the business, the indefatigable developer is beginning to slow down. This year, he says he will drop his role of chief executive of Silverstein Properties, although he will stay on as chairman. READ MORE  READ MORE

YMCA Retirement Fund Leases 52,000SF at 120 Broadway

The YMCA Retirement Fund signed a 15-year, 52,000-square-foot lease at Silverstein Properties‘ 120 Broadway. READ MORE  READ MORE

Check Out Silver Suites Offices at 7 World Trade Center

Two months after Silverstein Properties announced the launch of Silver Suites Offices, the collaborative work space occupying 30,000 prebuilt square feet on the 46th floor of the 52-story 7 World Trade Center is 50 percent leased. READ MORE  READ MORE

Marketing the World: Silverstein Properties’ Jeremy Moss on Leasing the Country’s Most Conspicuous Building Complex

Before Jeremy Moss, senior vice president of leasing at Silverstein Properties, joined the firm four and a half years ago, he spent eight years working at Forest City Ratner, a tenure that culminated in a role managing the leasing of the office space at the New York Times building. He called working alongside Bruce Ratner and MaryAnne Gilmartin on the Times building “a great learning experience that prepared me well for the World Trade Center.” Mr. Moss helped oversee leasing at Silverstein’s 7 World Trade Center and is now leading efforts at 2, 3 and 4 World Trade Center. “I feel fortunate to be able to work on such a historic project, particularly as a native New Yorker,” Mr. Moss said when he sat down with The Commercial Observer last week to discuss his leasing efforts at the World Trade Center, its impacts on lower Manhattan and the future of the market. READ MORE  READ MORE

KSP Acquires Holland Park

Kulczyk Silverstein Properties (KSP), a joint venture of Kulczyk Real Estate Holding and Silverstein Properties, has purchased the Holland Park office building from CBRE Global Investors. The scheme’s total office space amounts to 10,416 sqm, including 1,418 sqm of retail space and 108 underground and surface parking spaces. READ MORE  READ MORE

REFI TV: Larry Silverstein, Realty Foundation of New York

Real estate titan Larry Silverstein, president and ceo of Silverstein Properties, spoke to REFI editor Samantha Rowan about his charity, the Realty Foundation of New York, of which he is chairman emeritus. Founded in 1954, the charity is a source of funds to those real estate professionals who find themselves on hard times in tough market conditions or personal situations. It also assists employees and children of employees of board member firms with higher education scholarships. READ MORE  READ MORE

American Arbitration Association Signs New Lease at 120 Broadway

At risk of sounding like a broken record, here’s another big move from Midtown to downtown: The American Arbitration Association is leaving behind Paramount-owned 1633 Broadway for two other locations, the bulk of it at Larry Silverstein’s 120 Broadway. READ MORE  READ MORE

Seeing Big Promise in Manhattan Corporate Apartments

Silverstein Properties, the developer of the World Trade Center complex in Lower Manhattan, is shifting gears to expand its presence in the city’s corporate apartment market. Silverstein Properties bought the Beekman Tower Hotel on Tuesday for $82 million with Fisher Brothers and Capstone Equities, and plans to convert the traditional transient hotel at 3 Mitchell Place — near 49th Street and First Avenue — into furnished, luxury corporate apartments that will require a minimum stay of 30 days. READ MORE  READ MORE

Continuity Plan Helped Silverstein Get Back To Business Earlier; Disaster response protocols reduced financial losses

Like a lot of buildings in lower Manhattan, Silverstein Properties Inc.’s 600,000-square-foot tower at 120 Wall St. took on significant flooding during Superstorm Sandy on Oct. 29. But unlike a lot of its financial district neighbors that remain closed to tenants, 120 Wall St. was reopened just two weeks after the storm, thanks in large part to the business continuity plan Silverstein’s risk management and information technology departments had spent most of this past summer developing. READ MORE  READ MORE

Realty Foundation Honors Larry Silverstein

NEW YORK-Enabling him to add yet more hardware to his desk, Larry Silverstein, President and CEO of Silverstein Properties, will be the honoree at the Realty Foundation of New York’s luncheon this year. Scheduled for Thurs., April 18th, the 59th annual fundraiser will be held at 12:00 p.m. in the Waldorf-Astoria’s grand ballroom. READ MORE  READ MORE

Silverstein Properties: Best Places to Work 2012

At Silverstein Properties, employees don’t need to be Larry Silverstein’s relative to be treated like family. Mr. Silverstein, the chief executive and president, walks the halls to get to know everyone, even the names of workers’ kids. The company’s family sensibility also affords employees extended time to spend with their own families, with Fridays off before a three-day holiday weekend and half-day Fridays year-round. READ MORE  READ MORE

Silverstein Properties Reopens 120 Wall

Silverstein Properties reopened 120 Wall Street Wednesday morning for the first time since Hurricane Sandy flooded the 600,000-square-foot building’s basement and damaged electrical distribution equipment READ MORE  READ MORE

From Tragedy to Sustainability

From Tragedy to Sustainability When tragedy strikes a city, it often presents an opportunity to rebuild in a better way. Janno Lieber, president of World Trade Center Properties, discusses New York City's efforts to rebuild the WTC site with sustainability in mind. READ MORE  READ MORE

Larry Silverstein on Sandy Damage, WTC

Larry Silverstein, president and chief executive officer of Silverstein Properties Inc., talks about the impact of superstorm Sandy on the World Trade Center site in Lower Manhattan and climate change. Silverstein speaks with Deirdre Bolton on Bloomberg Television's "Money Moves." READ MORE  READ MORE

Hurricane Sandy leaves W.T.C. largely unscathed

Though the World Trade Center didn’t incur significant damage, the complex had sizeable water accumulation in its basements that workers were still pumping out at press time on Friday. READ MORE  READ MORE

Missing for 60 Years, a Bit of Cortlandt Street Will Return

Cortlandt Street in Lower Manhattan was where demolition began in 1965 for what was to become the World Trade Center. Then the street itself was sacrificed, for three blocks, to help create an unbroken 16-acre site for the twin towers. In four months, however, workers will begin restoring one of the missing blocks of Cortlandt Street, between Church and Greenwich Streets, as Cortlandt Way. READ MORE  READ MORE

WilmerHale Lands LEED Gold for Energy Aligned Clause-Backed 7 WTC Office

After becoming the first tenant to implement New York City’s Energy Aligned Lease Clause, the law firm WilmerHale has announced another environmental milestone for its offices at 7 World Trade Center: LEED for Commercial Interiors Gold certification. READ MORE  READ MORE

Trade Center Rents Will Rival Midtown, Silverstein Says

Office rents in the new towers at lower Manhattan's World Trade Center will rise to levels "very close" to those for high-quality spaces in Midtown, said Larry Silverstein, who is building one of the skyscrapers. READ MORE  READ MORE

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