Anjali Athavaley | 04.15.2013 | Wall Street Journal
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.
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Billy Gray | 04.12.2013 | Commercial Observer
The YMCA Retirement Fund signed a 15-year, 52,000-square-foot lease at Silverstein Properties‘ 120 Broadway.
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Billy Gray | 03.22.2013 | Commercial Observer
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.
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Al Barbarino | 03.20.2013 | Commercial Observer
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.
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Marta Mardosz | 03.18.2013 | Warsaw Business Journal
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.
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03.14.2013 | Real Estate Finance Intellegence
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.
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Steve Cuozzo | 02.05.2013 | New York Post
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.
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Jane L. Levere | 01.30.2013 | New York Times
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.
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Matt Dunning | 01.13.2013 | Business Insurance
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.
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Rayna Katz | 01.09.2013 | Globe St.
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.
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Amanda Fung | 12.03.2012 | Crain’s New York Business
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.
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Al Barbarino | 11.14.2012 | Commercial Observer
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
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UBM's Future Cities | 11.13.2012 | UBM's Future Cities
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.
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Bloomberg Businesweek | 11.02.2012 | Bloomberg Television
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."
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Aline Reynolds | 11.02.2012 | Downtown Express
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.
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DAVID W. DUNLAP | 10.25.2012 | New York Times
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.
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Green Buildings New York City | 10.25.2012 | Green Buildings New York City
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.
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David M. Levitt | 10.24.2012 | Bloomberg
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.
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AFP | 10.23.2012 | AFP
NEW YORK — Poland is on course to open a long-delayed museum dedicated to its near vanished Jewish minority next year, Culture Minister Bogdan Zdrojewski said Tuesday, lauding the project's global impact.
"It will be an important institution not only in Europe, but in the world," Zdrojewski said at a presentation for the Museum of the History of Polish Jews in New York.
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tephen Kleege | 10.23.2012 | Commercial Observer
Silverstein Properties this month leased a 50,000-square-foot block of space at 120 Broadway to Beyer Blinder Belle Architects & Planners LLP, taking advantage of the incipient migration of a new breed of tenant into the Financial East area.
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Stephen Kleege | 10.23.2012 | Commercial Observer
The 1 World Trade Center tower, which seems to spring into view from every vantage point these days, symbolizes different things to different people. To commercial landlords and brokers, it represents both a flagship for the Downtown area and a potential surge in competition. For those with a direct stake, it means the recovery from the terrorist attack is finally reaching the finish line.
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Lois Weiss | 10.18.2012 | New York Post.com
The political battle royal over the World Trade Center site is meticulously captured in the new revealing documentary, “16 Acres.”
The flick covers the decade of twists and turns from the time Larry Silverstein hoisted the keys to the complex on July 25, 2001, through the opening of the Memorial fountains on Sept. 11, 2011.
The $750,000 film, by co-producers Mike Marcucci and Matt Kapp, was sharply pared down by director Richard Hankin from 3,000 hours of archival footage and interviews with the players.
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GlobeNewswire via COMTEX | 10.17.2012 | GlobeNewswire via COMTEX
NEW YORK, Oct 17, 2012 (GlobeNewswire via COMTEX) -- WilmerHale announced today that its New York office has been awarded LEED(R) Gold certification. The LEED rating system, developed by the U.S. Green Building Council (USGBC), is the foremost program for buildings, homes and communities that are designed, constructed, maintained and operated for improved environmental and human health performance. The law firm is one of only three in the city of New York known to have earned this recognition.
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Michael Stoler | 10.15.2012 | WNET-TV (PBS)
My name is Michael Stoler. There is an individual that everyone knows in New York City, his name is synonymous with lower Manhattan, New York City development. He's been around for years. he's a good friend. He's Larry Silverstein, who is the CEO and co-president of Silverstein Properties…
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10.10.2012 | Leaders Magazine
EDITORS’ NOTE
Marty Burger joined the company in February 2010 and leads the acquisitions and business development efforts in the U.S. and abroad. Prior to this, Burger was President and Chief Executive Officer of Artisan Real Estate Ventures, a company he founded in 2006. Burger spent 15 years at Related, serving as President of Related Las Vegas and Executive Vice President of Related Companies, L.P. He was also a Principal and Chief Investment Officer for Related Urban Development (mixed-use division), Related Lodging Group (hotel division), and Related Experiences (sponsorship division). From 1994 to 1997, Burger was a Vice President at The Blackstone Group. From 1993 to 1994, he worked for Goldman Sachs’ Whitehall Real Estate funds. He received a Bachelor of Science degree in Economics from the Wharton School of the University of Pennsylvania.
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NICK KURCZEWSKI | 10.03.2012 | New York Times
Stronger than any coffee from a curbside vendor, a V-8-powered jolt was recently provided to commuters in Lower Manhattan by a freely revving Ferrari racecar.
Aim Autosport Team FXDD idled its rosso Ferrari 458 Italia GT on Tuesday morning outside of 7 World Trade Center to celebrate earning the manufacturer’s title in the 2012 Rolex Grand-Am GT Sports Car Series championship. Dressed in their race suits, team drivers Jeff Segal and Emil Assentato greeted passers-by and debated the prudence of performing a tire-smoking burn-out for the crowd of curious onlookers.
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Michael Stoler | 09.24.2012 | The Stoler Report
Host Michael Stoler talks with guests Janno Lieber, World Trade Center Properties; Jeremiah Larkin, Brookfield; Michael Murray, HHM and Drew Nieporent, Myriad Restaurant Group about the continued development of a 24-hour community in lower Manhattan. All agreed that spurring this development was accessibility to public transportation making this area a highly desirable location for the creative community and an exciting place for tourism. Participants discussed the need for more retail and plans to meet this need.
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The Editors | 09.18.2012 | 2012 Owners Magazine
It all began with a simple premise: If you could ask the city’s biggest, most powerful commercial real estate owners 15 questions, what would they be, and what would that list look like?
Sure, it would include market predictions and boilerplate real estate stuff, like views on Midtown South’s dramatic uptick in popularity and its ongoing trendiness among tech upstarts. But it would also feature more intimate questions about politics and family, art and personal achievement. In short, it would be our platonic ideal of a night out with some of the most successful businessmen in New York.
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09.10.2012 | Reuters
Poland's richest man Jan Kulczyk and New York real estate mogul Larry Silverstein have launched a fund that plans to invest up to 1.5 billion euros ($1.9 billion) in Central and Eastern European commercial property.
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09.10.2012 | NY1
The World Trade Center continues to take shape and claim its spot along the city's skyline.
Silverstein Properties hosted a tour of 4 World Trade Center Friday morning.
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Daniel Geiger | 09.05.2012 | Commercial Observer
Silverstein Properties may not yet be pulling tenants to the World Trade Center site, but several leases are teeing up at 120 Broadway according to sources familiar with the building.
At least three deals are done or in process these people say, including a large lease that just got signed for the building’s entire 50,000-square-foot seventh floor with the Metropolitan Council on Jewish Poverty.
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08.19.2012 | Property Investor Europe
Kulczyk Silverstein Properties, the private Warsaw-based real estate investment company, has added two senior professionals from Heitman European Private Equity, Otis Spencer and Dennis Dart, to help expand in eastern Europe.
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08.17.2012 | The Real Deal
Having acquired the World Trade Center buildings just weeks before the Sept. 11 terror attacks, developer Larry Silverstein has attracted the attention of many during his redevelopment of the World Trade Center site. In this video, The Real Deal takes a look at the storied career of Silverstein, the man behind Silverstein Properties.
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07.31.2012 | Property Magazine International
Kulczyk Silverstein Properties (KSP), a joint venture of Kulczyk Real Estate Holding and Silverstein Properties (SPI), has been expanding its portfolio. In July 2012, the company acquired two high class office buildings from Hochtief Development Poland. This is the second transaction of KSP after the acquisition of the Stratos Office Center in August 2011.
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Daniel Edward Rosen | 07.31.2012 | Commercial Observer
Practising Law Institute, a non-profit legal education organization, has signed a 15-year lease for 68,000 square feet of office space at 1177 Avenue of the Americas, it was announced today.
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Melanie Grayce West | 07.22.2012 | Wall Street Journal
Even after 56 years of marriage, Larry A. Silverstein can still surprise his wife, Klara.
The latest surprise came about a month ago when Mr. Silverstein, the 81-year-old president and chief executive of Silverstein Properties, a real-estate development and investment firm, presented his wife with a gift of $5 million to Hunter College, part of the City University of New York.
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Daniel Geiger | 07.10.2012 | Commercial Observer
During a ski trip to Colorado several months ago, Michael May, an executive at Cantor Fitzgerald, remembers his eagerness to hit the slopes. He rose at the crack of dawn and found his friend Marty Burger, who had organized the trip, waiting in the lodge with the same idea in mind.
Traveling with a large group of executives, they skied all day. Mr. May remembers being exhausted, but Mr. Burger convinced him to join him and few others for some indoor tennis back at the hotel. A couple of games, at Mr. Burger’s urging, turned into a couple of sets.
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07.02.2012
Kulczyk Holding became a Notable Donor to the Museum of the History of Polish Jews. Dr. Jan Kulczyk’s investment house donated PLN 20 million to the world’s first and only museum devoted entirely to the history of Polish Jews.
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Sam Spokony | 06.28.2012 | Downtown Express
The final steel beam was lifted to the top of 4 World Trade Center on Mon., June 25, as developer Larry Silverstein, elected officials and construction workers joyously watched from below.
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http://www.nbcnewyork.com/news/local/World-Trade-Center-Tower-Construction-4-WTC-Complete-Steel-Beam-160217225.html | 06.25.2012 | NBC News
Crews building the city's sixth largest skyscraper will celebrate a milestone Monday as they lift in place 4 World Trade Center's final steel beam.
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NY1 News | 06.25.2012 | NY1
It's a day of celebration for workers building Four World Trade Center.
More than a thousand workers will be in attendance as the final beam will be placed on top of the 977-foot skyscraper.
Developer Larry Silverstein will also be on hand.
Before it's raised, the beam will be signed by some of the workers.
"This building is basically like a butterfly just released from the cocoon right now displaying its beautiful colors and the shape and size of this building here. It's a big day for the boys and girls here at tower 4," said Tishman Construction Superintendent Frank Hussey.
Four World Trade is slated to open in the fall of 2013.
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David W. Dunlap | 06.24.2012 | The New York Times
A steel beam is to be hoisted 977 feet to the top of 4 World Trade Center on Monday, ceremonially signifying the completion of its structural framework.
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Jacqueline Hlavenka | 06.13.2012 | Globe ST.
NEW YORK CITY-Silverstein Properties, the developer of the World Trade Center site, has hired a new director of asset management as the family-run company plans to expand its commercial real estate offerings beyond Manhattan. Michael D. Berman, most recently senior vice president and head of asset management at Gramercy Capital Corp., will oversee SPI’s 35 million square-foot portfolio and expansion efforts into markets such as Florida, Eastern Europe, Israel and China, with a specific focus on the company’s operating model.
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Matt Chaban | 06.12.2012 | New York Observer
If it were possible for a skyscraper to quietly rise nearly a thousand feet into the sky with little notice, 4 World Trade Center would be the building to do it. It is not simply that its big brother across ground zero is stealing all the attention, though it is. When 1 World Trade Center tops out at the end of the week, following a Flag Day ceremony led by President Barack Obama, it will be another milestone for the site, one of the last. When 4 World Trade Center achieves the same fate sometime next month, will anyone notice? If not, that would be a shame, because this may well be the nicer of the two.
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05.22.2012 | The Real Deal
The first retail stores at the World Trade Center site could open for business by March 2015, Australian mall operator Westfield announced yesterday. Westfield, which has a 50 percent stake in the WTC site’s retail space, said the first retailers will be announced in the first half of next year. The openings would come more than 13 years after the destruction of the World Trade Center towers.
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Sarah Trefethen | 05.16.2012 | Real Estate Weekly
Lower Manhattan isn’t just for Wall Street anymore.
With a growing residential population and an influx of office tenants in creative services and other industries, the post-9/11 downtown is setting a new standard for urban lifestyles.
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Elsa Brenner | 05.13.2012 | New York Times
THEY met eight years ago at a Marine Corps combat center: Michael Roushion, 25, of Oakland, Calif., had served one tour of duty and was re-enlisting; Nicole Burnett, 18, newly graduated from Lincoln High School in Yonkers, was fulfilling her childhood dream of becoming a Marine.
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05.01.2012 | RealEstate.Cornell.edu
On April 26th, Mr. Larry Silverstein spoke at the final weekly Cornell Real Estate Industry Seminar for the Spring Semester 2012. The Cornell Real Estate Review named Larry Silverstein, President and CEO of Silverstein Properties, as the recipient of the 2012 Industry Leader Award. In addition to accepting this award, Silverstein spoke about the team that made the new World Trade Center possible, the complexities they have faced and in the end the need to step back and assess what is truly important in life.
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04.30.2012 | Globe St.
Larry Silverstein will be recognized as ULI New York’s Diamond Jubliee honoree: “Real Estate Legend – ULI New York” as part of its The Real Estate Legend series.
The program honors a real estate executive annually for professional achievement, distinguished service and for furthering the ideals of ULI – the Urban Land Institute.
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Theresa Agovino | 04.15.2012 | Crain's New York Business
Five Over-70's Are Among Those Still Making Waves
Back in 1955 or 1956, Larry Silverstein scored his first success. He bought a loft building at 220 E. 23rd St. for $600,000, fixed it up, and then jacked up prices—to a whopping 75 cents a square foot.
Since then, much has changed in the real estate industry, but nearly 60 years later Mr. Silverstein is still doggedly chasing deals, just from a far loftier perch. Today, the 80-year-old developer works in a vast corner office at his 7 World Trade Center tower, arriving each morning by 9:30. Only now, he's more likely to exit at 6 p.m. than soldier on until after 9, as he did in his youth.
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Jacqueline Hlavenka | 04.13.2012 | Globe St.
NEW YORK CITY - Lower Manhattan is experiencing one of the lowest retail vacancy rates in the city – and a shopping renaissance, says Chase Welles, REBNY retail chair and vice president of the Shopping Center Group, who hosted “Downtown Retail Redefined,” a panel presentation and discussion at the Harvard Club on April 11.
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Adrianne Pasquarelli | 04.10.2012 | Crain's New York Business
British menswear retailer Charles Tyrwhitt is expanding. The London-based company recently signed a 10-year lease for 1,750 square feet at 1177 Sixth Ave., between West 45th and West 46th streets.
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Theresa Agovino | 03.20.2012 | Crain's New York Business
One tech firm that had aimed for midtown south and a nonprofit whose lease nearby was nearly up will take a total of 12,400 square feet on the 46th floor
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Eliot Brown | 03.19.2012 | Wall Street Journal
It's payoff time for developer Larry Silverstein on 7 World Trade Center, nearly five years after he completed the first tower to be rebuilt in Lower Manhattan after the 2001 terrorist attacks.
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02.28.2012 | CNBC
Some 6 million square feet of new space could be about to hit the New York City office market. Larry Silverstein, Silverstein Properties CEO & president, weighs in.
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Kris Hudson | 02.10.2012 | Wall Street Journal
Four Seasons, like many other U.S. hotel brands, is finding that most of its expansion opportunities lie abroad. Of the 86 hotels that Four Seasons operates, 30 are in the U.S. That ratio will shrink over the next five years, because only three of the 29 hotels the luxury chain intends to open in that span will be in North America.
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Eliot Brown | 02.09.2012 | Wall Street Journal
Redevelopment of the World Trade Center site is now evident in the Lower Manhattan skyline, mostly with the under-construction One World Trade Center, now more than 90 floors up. But just across the 16-acre site, another tower—4 World Trade Center—is rising just as fast, if not as tall.
The building is slated for completion at the end of 2013, and unlike One World Trade, it’s being constructed by a private developer, Larry Silverstein. View a slide show of the progress.
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01.17.2012 | Bloomberg
Larry Silverstein, president and chief executive officer of Silverstein Properties Inc., talks about the company's succession plan and decision to name Martin Burger as co-chief executive officer. Silverstein, speaking with Trish Regan on Bloomberg Television's "Street Smart," also discusses the development of the World Trade Center site in Manhattan, New York City's real-estate market and his overseas investments.
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Tom Acitelli | 12.13.2011 | The New York Times
At 3 World Trade Center, the 80-story tower designed by Richard Rogers and developed by Silverstein Properties, the floor plates of 29,000 to 68,000 square feet have no columns.
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David M. Levitt | 12.09.2011 | Blooomberg
Larry Silverstein, after more than five decades of investing almost entirely in New York City real estate, is making his first foray abroad in Poland, one of Europe's most in-demand property markets.
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Jeff Higley | 12.06.2011 | HotelNewsNow.com
Kathleen Taylor knows it's difficult to generalize what's going on in the global hotel industry because it's a street-corner business, but also it's hard for the Four Seasons Hotels and Resorts CEO to look past the current conditions and not like what she sees.
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Theresa Agovino | 12.05.2011 | Crain's New York Business
25. Silverstein Properties Inc. Despite the difficult economy, Silverstein Properties is one of the few developers that has kept busy, and one huge project has particular resonance with employees: helping to rebuild the World Trade Center site.
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Steve Cuozzo | 11.08.2011 | NY Post
The Port Authority's new executive director, Patrick Foye, is off to a running start at the World Trade Center. Insiders credit him with encouraging his boss, Gov. Cuomo, to sign off promptly on the PA's agreement with Fidelity Investments on financing construction of 4 WTC last week.
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Rosemary Feitelberg | 11.02.2011 | WWD
Workaholic seemed to be the chief criteria for this year's Pratt Legends award winners. Pleased as they were to be honored Tuesday night at 7 World Trade Center in Manhattan, multimedia artist Laurie Anderson, photographer William Wegman and interior decorator Juan Montoya made clear there is work to be done.
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Mark Becker | 10.06.2011 | The Real Deal
When Larry Silverstein was asked to lend some of his time to be the featured guest at a B'nai B'rith real estate luncheon event held yesterday he was happy to oblige, and even agreed to pay for lunch, he told an audience of about 70 at the event in 7 World Trade Center. The developer said the organization has done extraordinary work in its more than 100 years of existence.
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Steve Cuozzo | 09.20.2011 | NY Post
Long before Condé Nast took 1 million square feet at 1 World Trade Center, the New York Academy of Sciences took 40,000 square feet at 7 World Trade Center -- a small lease signed in 2005 which, in years to come, might go down in the annals as the truly pioneering deal.
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Steve Cuozzo | 09.19.2011 | NY Post
In a milestone for Downtown in the post-9/11 era, 7 World Trade Center — built by Larry Silverstein in the face of withering criticism and claims it would be a "white elephant" — is now 100 percent leased.
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Shannon Bond | 09.06.2011 | Financial Times
A decade and a day after the terrorist attacks on New York and Washington, the public will be able to return for the first time to the place where the Twin Towers stood.
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Bobby Cuza | 09.02.2011 | NY1
Most New Yorkers know Larry Silverstein as the leaseholder on the World Trade Center. What they may not know is that he signed that lease in July 2001, just eight weeks before it was destroyed.
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Karen Matthews | 09.01.2011 | Associated Press
Ten years after the 9/11 attacks destroyed the World Trade Center, an 80-story glass and steel tower is rising like a phoenix from the ashes of ground zero.
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Joe Torres | 08.24.2011 | 7Online.com
You can see it on the skyline, but now take a look inside the massive construction project at Ground Zero.
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08.24.2011 | Property News
Kulczyk Silverstein Properties wants to spend EUR 500m on the commercial real estate market in the CEE region. In the future, the company may become an investment vehicle of American capital. Edgar Rosenmayr, Managing Director, and Piotr M. Krawczynski, Managing Director, reveal their plans and strategy.
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Hannah D'Apice | 08.04.2011 | The Am Law Daily
Drinker Biddle & Reath announced Monday that it has moved its New York offices to 1177 Sixth Avenue, completing a transition out of lower Manhattan that in some ways began ten years ago when the firm's World Trade Center offices were destroyed in the September 11, 2001, terrorist attacks.
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http://www.property-magazine.eu/first-investment-of-kulczyk-silverstein-properties-17519.html | 08.03.2011 | Property Magazine International
Kulczyk Silverstein Properties purchased from Pramerica Real Estate Investors the Stratos Office Center located in the centeral business district of Warsaw, Poland. KSP plans further acquisitions in Poland and other countries of CEE region.
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07.19.2011 | GlobeSt.com
Two Manhattan non-profits have inked long-term leases for space in deals facilitated by Cassidy Turley’s Not-for-Profit practice group. Credit Where Credit is Due, which provides financial education and credit union services to low-income New Yorkers, will move to 7,500 square feet in a new building at 530 W. 166th St. Meanwhile, the Urban Homesteading Assistance Board will stay put at 120 Wall St., where the group renewed its lease early, expanding into 12,600 square feet of space.
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Jacqueline Hlavenka | 07.12.2011 | GlobeSt.com
With only two months away until the 9/11 Memorial Park opens to the general public, the entire 16-acre World Trade Center redevelopment is beginning to take shape. Following CB Richard Ellis' second quarter press briefing on the Manhattan office market, Silverstein Properties Inc. conducted a tour of 4 World Trade Center. GlobeSt.com's Jacqueline Hlavenka explored the progress being made at the site.
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Martin Hinton | 06.30.2011 | Fox News
Philosopher George Santayana is known for the line, “those who cannot remember the past are condemned to repeat it.” This common refrain, and the burden of a past that no American wants repeated, weighs heavily on the shoulders of William "Bill" Dacunto.
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06.24.2011 | Broadway World
Broadcast Music Inc. (BMI), the U.S. performing right organization that represents over 475,000 songwriters, composers and music publishers, is partnering with Silverstein Properties, Inc. to host a series of free summer performances in the public park in front of 7 World Trade Center (250 Greenwich St.) in Downtown Manhattan.
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Bobby Cuza | 06.14.2011 | NY1
The power struggle is over, it seems, and now there is tangible progress at the World Trade Center site -- particularly on One World Trade Center, now 68 stories tall.
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Jacqueline Hlavenka | 06.13.2011 | GlobeSt.com
After years of setbacks, construction at the World Trade Center site is advancing--but the best is yet to come, explained Larry Silverstein, president and CEO of Silverstein Properties, at the Real Estate Lenders Association’s (RELA) final breakfast of their membership year at Seven World Trade Center this morning. “I don’t think most people are going to have a clue about what’s to come, and when it does, you are going to see a transformation here overnight,” Silverstein said. “The impact and transformation will be similar to what Rockefeller Center did in 1930 for Manhattan’s West Side.”
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Jen Wieczner | 05.14.2011 | Wall Street Journal
UJA launched a downtown division and threw a party at 7 World Trade Center this week to encourage neighborhoods below 14th Street to get involved.
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05.05.2011 | Bloomberg
Larry Silverstein, president and chief executive officer of Silverstein Properties Inc., discusses the rebuilding of the World Trade Center site in Manhattan. Silverstein speaks with Margaret Brennan on Bloomberg Television's "InBusiness."
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Linda O’Flanagan | 03.25.2011 | Real Estate Weekly
UJA-Federation of New York brought together more than 400 industry executives at its Real Estate and Allied Trades Division's Real Estate Executives (REX) annual gala honoring Bram D. Weber of Weber Law Group LLP with the newly attributed Larry A. Silverstein REX Award on March 24, 2011,at Grand Hyatt New York in New York City.
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03.23.2011 | The Real Deal
Larry Silverstein, CEO of development and investment firm Silverstein Properties, was elected to the New York Philharmonic Board of Directors, along with Larry Ackman, chairman of Ackman-Ziff Real Estate Group, actor Alec Baldwin, and Credit Suisse's Americas CEO Antonio Quintella
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Matt Chaban | 01.03.2011 | The New York Observer Real Estate
At a huge stonecutting facility in this Mediterranean town famous for its marble, the Silverstein team inspected the stones that will someday line the lobby of the Fumihiko Maki-designed tower, the first of three Silverstein projects at the site to be completed, with an expected opening of 2013.
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Amy Tennery | 01.01.2011 | The Real Deal
Larry Silverstein is pretty well known in New York -- even outside real estate-only circles. Rebuilding the World Trade Center will do that. And yet this 79-year-old real estate biggie rides around town on his bike virtually unnoticed. That helmet provides some impressive privacy.
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12.15.2010 | CNBC
Larry Silverstein, president and CEO of Silverstein Properties, shares his outlook on both commercial and residential real estate with CNBC.
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Martin Hinton | 12.09.2010 | Fox News
It is an often asked question: Why has it taken so long to rebuild the World Trade Center? And will what is planned be built and actually succeed as a real estate venture? Fox News' Shepard Smith sat down with Janno Lieber, president of World Trade Center Properties, for a straight forward conversation about these very issues.
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Laura Kusisto | 12.07.2010 | The New York Observer
When choosing office space, it's probably best to keep your friends close and forget about your enemies. At least that's what a consultant to nonprofits has concluded in landing at 120 Wall Street.
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12.06.2010 | Crain's New York Business
"T.G.I.F." is no empty cliché at Silverstein Properties. In addition to closing at 1 p.m. every Friday, the New York real estate firm gives its staff Fridays off before three-day holiday weekends.
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Aline Reynolds | 11.29.2010 | Downtown Express
Five hundred World Trade Center construction workers lined up for turkey subs, angus hamburgers and hot dogs last Friday afternoon during a break from work.
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Jonathan Hunt | 11.25.2010 | Fox News
Frank Rivera is just one of the hundreds of people building tower four of the World Trade Center, joining the other men and women immensely proud of the work they’re doing.
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Anton Troianovski | 11.01.2010 | Wall Street Journal
"If we can demonstrate that fuel cells work, that they can be highly effective, that they can achieve energy-saving goals, we hope that other owners of buildings and office buildings will choose to adopt them in the future," said Janno Lieber, who heads the WTC project project for developer Larry Silverstein.
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Dana Rubinstein | 10.20.2010 | The New York Observer
At the northern end of midtown, where the skyscrapers abut Central Park, there's a rarified realm called the Plaza district. Bounded, depending on whom you ask, by 54th and 64th streets, Park and Sixth avenues, this is where the kings among men work: the billionaires, the families with foundations, the private-equity royalty. It's expensive, exclusive and only a few blocks south of the community of co-ops on Fifth and Park avenues. In good weather, the men walk to work. In bad weather, they're driven.
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Martin Hinton | 09.23.2010 | Fox News
Silverstein Properties acquired the lease to the World Trade Center in the summer of 2001. For its namesake, owner Larry Silverstein, it was a dream come true.
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Matthew Kaminski | 09.11.2010 | The Wall Street Journal
From the 38th floor at 7 World Trade Center, Larry Silverstein peers down on a flurry of activity below at Ground Zero. The sound of jackhammers and "beep, beep" of cement trucks filters into his corner office.
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Matt Dunning | 09.08.2010 | Tribeca Tribune
With just one year remaining until the 10th anniversary of the Sept. 11 attacks, a date originally predicted to see the end of construction at the World Trade Center site, optimism has rebounded for completion of the complex web of projects planned for the site.
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Daniel Geiger | 09.07.2010 | Real Estate Weekly
WTC and memorial finally seem on track to completion. City and state officials along with developer Larry Silverstein gathered on Tuesday afternoon to outline progress at the World Trade Center site.
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Henry Goldman | 09.07.2010 | Bloomberg
Four office towers, a transit center designed by Santiago Calatrava, a memorial and museum at the downtown Manhattan site of the World Trade Center may be complete by 2014, according to city and state officials.
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David W. Dunlap | 09.03.2010 | NY Times
The pace of construction is so swift that any status report these days gets overtaken rapidly by the arrival of new beams and columns, rebar and concrete, pipes and conduit. About 2,000 construction workers are on the job, weekends included, officials said, and that number will just keep rising.
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Aline Reynolds | 09.02.2010 | Downtown Express
Real estate developer Larry Silverstein discusses the progress at the World Trade Center site, his relationship with the Port Authority and the future of the real estate market in Lower Manhattan.
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08.26.2010
Downtown has emerged as one of the world's most exciting mixed-use neighborhoods, offering an unparalleled blend of high-tech office space, retail, residential living and cultural attractions. This agreement will ensure that we continue this momentum with a new generation of cutting-edge, green skyscrapers becoming available starting in 2013.
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Rebecca Spitz | 08.17.2010 | NY1
It's hard to see from street level, but there's work going on in the former World Trade Center site. So quickly, in fact, that developer Larry Silverstein predicts the site will be finished in the next five to six years.
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Amanda Fung | 08.17.2010 | Crain's New York Business
CoStar Group Inc., a giant provider of data on commercial real estate across the country, is moving into new quarters in midtown Manhattan at 1177 Sixth Ave.
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Alexandra Rupp | 08.11.2010 | Downtown Express
My excitement rose as my plane broke through layers of cloud, revealing the famous skyline of Manhattan where I was going to spend my summer as an intern at the World Trade Center. As the plane circled for landing, I could hardly wait to get started, to see and experience the American - or should I say the New York - way of life.
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Fred A. Bernstein | 08.01.2010 | NY Times
In his office in TriBeCa, James Carpenter is surrounded by sheets of glass — thick and thin, wavy and flat, transparent and opaque. Many are samples for his latest projects, which range from the newly renovated and reopened Israel Museum in Jerusalem to a 10-story office building planned for a prominent site in the Manhattan meatpacking district.
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Steve Cuozzo | 07.26.2010 | NY Post
It's taken nearly nine years, but large-scale commercial redevelopment of the World Trade Center site is tantalizingly close to taking off. But everything depends on the outcome of two ongoing, parallel negotiations involving the Port Authority -- neither of which is a sure thing.
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Aline Reynolds | 07.22.2010 | Downtown Express
In undertaking the daunting task of redeveloping Ground Zero, real estate man Larry Silverstein had a vision: to transform the site into a state-of-the-art office complex. He sought to create a center that's accessible, secure and eco-friendly all at once.
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Yaffi Spodek | 07.09.2010 | The Real Deal
Construction is starting today at World Trade Center Tower 3, one of four planned skyscrapers in a spiral structure to be built by Silverstein Properties at the World Trade Center site, according to Janno Lieber, president of World Trade Center Properties, an affiliate of Silverstein Properties.
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Theresa Agovino | 07.06.2010 | Crain's New York Business
Janney Montgomery Scott is renewing its lease and expanding its footprint at 575 Lexington Ave., between East 51st and East 52nd streets.
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06.30.2010 | Real Estate Weekly
Developer, Larry Silverstein, president and CEO Silverstein Properties, Inc., has been named Ernst & Young Real Estate Entrepreneur of the Year.
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Frank Lombardi | 05.21.2010 | NY Daily News
At a press conference outside 7 World Trade Center, which was built by Silverstein Properties with bicycle access as one of its original features, Quinn and other officials noted that some 75,000 New Yorkers are using bicycles for transportation on a typical day.
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Tom Topousis | 05.10.2010 | NY Post
A major milestone will be reached at Ground Zero next month when every project within the original World Trade Center site will be under construction -- a heartening leap forward for a venture that's been plagued by constant delays.
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Alex Alvarez | 05.04.2010 | Mediabistro.com
Broadcast Music, Inc. (BMI) will be moving its New York offices to 7 World Trade Center on May 17. Its current offices will be closed on May 14 as they make the transition.
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Eliot Brown | 04.15.2010 | Commercial Observer
World Trade Center developer Larry Silverstein, Queens developer Jeff Levine and Related Cos. chairman Stephen Ross are among those seeking to develop Willets Point, the polluted, 62-acre auto repair district next to Citi Field, according to city records.
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Kelsy Chauvin | 04.01.2010 | LowerManhattan.info
The complexity of erecting a tower at the World Trade Center (WTC) site is unparalleled in New York City. The substructure alone for both 1 WTC and 4 WTC required more than two years’ time to plant the towers’ footings on bedrock, then construct reinforced-steel levels as deep down as 85 feet -- all while coordinating infrastructure for extensive utilities; the rebuilt Cortlandt, Fulton, and Greenwich Streets; and the Vehicular Security Center(VSC).
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Karen Matthews and Jennifer Peltz | 03.26.2010 | Associated Press
The World Trade Center developer and government agencies that control the site have reached a tentative deal to resolve a 16-month stalemate over rebuilding at ground zero.
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03.25.2010
The States of New York and New Jersey, the City of New York, the Port Authority and Silverstein Properties announced today the outline of a development plan for the east side of the World Trade Center site. The plan calls for the immediate restoration of the east side of the WTC site to at least street level, the completion of Tower 4 by 2013 and the phase-in of Towers 2 and 3 over time. All other projects, including the 9/11 Memorial, One World Trade Center, the WTC Transportation Hub and other public infrastructure, will continue moving forward.
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Dana Rubinstein | 03.01.2010 | The Commercial Observer
Citrin Cooperman & Company, the nation's 33rd-largest accounting firm, is expanding during the worst recession to hit New York since the 1930s. Talk about good marketing.
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Scott Pelley | 02.21.2010 | CBS 60 Minutes
"I describe it as a national disgrace." Larry Silverstein, the 78-year-old New York City real estate tycoon, shook his head slowly as we stood over the muddy pit known around the world as Ground Zero. It took three cameramen from "60 Minutes" to photograph the expanse of the 16-acre hole that was once the basement of the World Trade Center. True, some construction had begun, but as I stood there with Silverstein looking at rainwater pooling down below, I thought, "Nobody's gonna believe this."
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Theresa Agovino | 02.19.2010 | Crain's New York Business
Mayor Michael Bloomberg praised developer Larry Silverstein for offering several proposals, including putting more of his own money at risk, to end his battle with the Port Authority of New York & New Jersey over building his towers at Ground Zero. He also criticized the agency for delays and challenged it to step up to the plate and lay out its ideas.
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01.31.2010 | Crain's New York Business
Intrepid Sea-Air-Space Museum President Bill White sprang into action when the earthquake hit Haiti. Through the foundation's military connections and some well-heeled friends, he's managed to ship 300,000 pounds of lifesaving supplies to the stricken nation.
Real estate developers Larry Silverstein, Joseph Moinian and Steven Fisher, a member of the Intrepid museum's founding family, were among the moguls who raised more than $100,000 to fund the mission.
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Carol Vogel | 01.14.2010 | NY Times
Although it has been more than eight years since the World Trade Center attack, every day it seems there are more cranes and concrete trucks, scaffolding and chain-link fences as Lower Manhattan struggles to rebuild. According to the Alliance for Downtown New York, a nonprofit business-improvement-district group, an estimated $30 billion worth of construction is going on at 190 sites below Canal Street.
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Steve Cuozzo | 01.12.2010 | NY Post
New York City urgently needs new office buildings to replenish its obsolescent stock. New construction is particularly essential at the World Trade Center site, where the fate of three planned towers now hangs in the balance. So the city is done no favors when respected newspapers make a temporary space surplus (that likely won't last very long) seem far worse than it is.
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Jane L. Levere | 12.30.2009 | The New York Times
The practice of adorning New York real estate with major sculptures and other artwork stretches back at least as far as the 1930s. And even during today's tough economic times, the tradition is holding up. A number of major works of art have been installed in Midtown Manhattan in the last few months.
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12.11.2009 | Downtown Express
World Trade Center Tower 4 got above street level last week as the first steel arrived for the project at the southeast corner of the site. Contractors for Silverstein Properties had been constructing the tower’s concrete foundation until now.
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Paul Bubny | 12.10.2009 | GlobeSt.com
Silverstein Properties Inc. has brought in Martin S. Burger to spearhead the company’s expansion domestically and overseas. A veteran of development, investment, management, sales and leasing, Burger comes to SPI as an EVP.
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Susan Stellin | 12.09.2009 | The New York Times
On a rainy Thursday in November, three bicycles were parked in an office on the 29th floor of 7 World Trade Center in downtown Manhattan, a sleek new tower. Positioned near a window overlooking the Hudson River, the bikes had a better view than many of the desks nearby.
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Theresa Agovino | 12.08.2009 | Crain's New York Business
Though Larry Silverstein’s quest to redevelop the World Trade Center site sometimes lands him in the middle of ugly controversies, there’s no question that his mission imbues his employees with a sense of public purpose rare in a private company.
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12.07.2009 | Business Insurance Magazine
Shari Natovitz leads the two-employee risk management group at Silverstein Properties Inc., which is building three towers at Ground Zero in Manhattan along with building and managing other residential and commercial construction projects and properties in New York.
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Maxim Almenas | 11.20.2009 | Fort Lee Suburbanite/NJ.com
Of the four developers proposing to rebuild the former Centuria lots, one team may have more regional and national attention than any other developer.
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Carol Vogel | 11.13.2009 | The New York Times
A playground filled with the Brooklyn artist Tom Otterness’s whimsical bronze characters is being installed in what will be a two-and-a-half acre park on West 42nd Street between 11th and 12th Avenues. The space is part of two apartment complexes that will be home to some 2,200 residents and is being built by the Manhattan developer Larry A. Silverstein.
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Nicholas Tamarin | 11.05.2009 | Interior Design
The October 29 gala at 7 World Trade Center featured an equally exclusive trio of presenters: Interior Design Hall of Fame member Richard Meier, model Helena Christiansen, and photographer Edward Mapplethorpe. Guests at the star-studded affair included luminaries such as Pratt alumnus and graphic designer Stefan Sagmeister, product designer Karim Rashid, photographer Patrick McMullan, Interpol lead singer Paul Banks, and Gwathmey Siegel and Associates Architects founding partner Robert Siegel, another Pratt alumnus.
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Paul Bubny and Cody Lyon | 10.29.2009 | GlobeSt.com
An "Up Close with…" one-on-one discussion with Larry Silverstein, president and CEO of Silverstein Properties Inc., emphasized the developer’s drive and commitment to get SPI’s three World Trade Center towers built. When the redeveloped WTC is complete, Silverstein predicted, it will "change the dynamic of the area totally, and for the better," doing for Downtown what Rockefeller Center did for Midtown in the 1930s.
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Vivian Marino | 10.11.2009 | New York Times
Mr. Silverstein, 78, is the president and chief executive of Silverstein Properties, which acquired the World Trade Center just weeks before the Sept. 11 attacks. He is now involved in rebuilding ground zero. He opened 7 World Trade Center three years ago and has plans for three more towers.
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10.09.2009 | Downtown Express
Downtown’s office vacancy rate appears to be stabilizing as increased leasing activity has helped buck the downward-trending real estate market.
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Jim Farber | 10.08.2009 | Daily News
An annual event now in its seventh year, "Open House" gives access to hundreds of New York landmarks, museums, businesses, parks and even private homes.
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10.02.2009 | Daily News
If anyone questions the viability of the current luxury rental climate, they might want to take a look at Silver Towers, the mammoth 60-story, two-tower rental development on 11th Ave. and 42nd St.
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Editorial | 09.25.2009 | Downtown Express
Lower Manhattan gets two great additions to our cultural landscape this week. One such addition is too rare an occurrence for our tastes, so two is certainly cause to celebrate.
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Merry Firschein | 09.23.2009 | The Record
Four firms submitted proposals in July to redevelop the parcel: Fort Lee Redevelopment Associates; Tucker Development and Acquisition Fund; the Taubman Co. and Silverstein Properties Inc.; and Amerea Development LLC. Part of the parcel is owned by Tucker Development.
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09.17.2009 | The Real Deal
With his office perched on the 38th floor of 7 World Trade Center, Larry Silverstein can keep close tabs on his portfolio. Visible to the north are his new Silver Towers, which have been 30 percent leased since going online in May. To the east is 99 Church Street, where a Four Seasons is on hold. And, in a striking close-up to the south is ground zero. There, 4 World Trade Center is set to clear street level this month. But schedules for his other structures on the site are less clear, as the overall project has been famously beset by delays. "It's taken more time than it should have, says Silverstein. "And when you're 78 years of age, you want to see things done."
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Halley Bondy | 08.19.2009 | Newark Star-Ledger
When Jim Murray got the contract to provide steel for the base of one of the buildings planned for Ground Zero, his Orange-based company faced a series of challenging requirements.
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Dana Rubinstein | 08.19.2009 | New York Observer
This July 2009, litigation firm Leahy & Johnson P.C. renewed its 9,520-square-foot lease at the 40-story tower, owned by Silverstein Properties, for another 10 years. Which means that, come the lease's expiration in 2019, the firm will have been at the same location for 66 years.
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Grace Rauh | 08.19.2009 | NY1
The Port Authority says its confident the September 11th Memorial will be open by the 10-year anniversary of the terror attack. But New Yorkers hoping to visit in the weeks afterwards, may be out of luck.
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Jennifer Peltz | 08.05.2009 | Associated Press
A monthslong dispute over who should pay to build office towers at the World Trade Center site is headed to arbitration after a developer called Tuesday for a binding ruling on a standoff that threatens to stall ground zero rebuilding.
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Sheldon Silver | 08.05.2009 | New York Post
WITH the eighth anniversary of the 9/11 attacks just a few short weeks away, New Yorkers face the unfortunate prospect of yet another anniversary where work at the site has ground to a halt.
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Douglas Feiden | 08.05.2009 | NY Daily News
The Port Authority's failure to rebuild Ground Zero is "unacceptable" and cannot be allowed to continue, Mayor Bloomberg said yesterday.
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07.24.2009 | lowermanhattan.info
In a modest lot in Orange, New Jersey, a section of 4 World Trade Center (4 WTC) has risen. It is a "curtain wall mock-up" of the future skyscraper's façade, commissioned by developer Silverstein Properties and erected by metal fabricator firm MetFab this spring.
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Matt Dunning | 07.22.2009 | Tribeca Tribune
The governor insisted that he and Silverstein Properties arrived mutually at the decision to postpone arbitration-a process that, he said, could take up to nine months.
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Matt Dunning | 07.15.2009 | Tribeca Trib
In an unusually candid public appearance by one of the major players in the redevelopment of the World Trade Center site, Silverstein Properties executive Janno Lieber said on Monday, July 13, that the developer would ask for a “significant damage award” from the Port Authority if the two parties enter into arbitration later this month.
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Julie Shapiro | 07.15.2009 | Downtown Express
A Silverstein Properties executive slammed the Port Authority’s most recent proposal for the World Trade Center site Monday night but also said it could represent a small step in the right direction
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Steve Cuozzo | 07.07.2009 | New York Post
ALL of the space ABN Amro has put up for sublease at 7 World Trade Center has been spoken for or soon will be, sources said yesterday.
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Charles Bagli | 07.07.2009 | New York Times
The developer Larry A. Silverstein, who is to build three towers at the World Trade Center site, opened up a new front Monday in his dispute with the Port Authority of New York and New Jersey, saying the authority has violated the development agreement at ground zero and is hopelessly behind schedule.
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Tom Topousis | 07.07.2009 | New York Post
Ground Zero developer Larry Silverstein warned yesterday that he will ditch stalled talks with the Port Authority over rebuilding the World Trade Center and will take the case to arbitration if the two sides can't reach a deal within two weeks.
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Patrick McGeehan | 07.02.2009 | New York Times, City Room
The entity that collects royalties almost every time somebody plays a Michael Jackson tune is exporting about 32 jobs to Nashville as it prepares to move from Midtown to the 7 World Trade Center office tower.
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Cody Lyon | 06.23.2009 | GlobeSt.com
hen it comes to rebuilding the World Trade Center, the Port Authority needs to "figure out a way to come up with something" for financing the project, said Mayor Michael Bloomberg during a radio address on Friday.
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Cody Lyon | 06.18.2009 | GlobeSt.com
The Gracie Mansion summit had set June 11 as a deadline to reach an agreement, but extended that date through this past weekend.
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06.17.2009 | NY1 News
Mayor Michael Bloomberg said Wednesday that progress needs to be made on the development of the World Trade Center site.
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Douglas Feiden | 06.17.2009 | New York Daily News
It's the Port Authority's fault. Mayor Bloomberg is pinning much of the blame for an impasse in talks over thefuture of Ground Zero on the Port Authority.
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Tom Topousis | 06.17.2009 | New York Post
Mayor Bloomberg and Assembly Speaker Sheldon Silver joined forces yesterday to single out the Port Authority for dragging its feet during high-level talks that have failed to reach a new deal to rebuild the World Trade Center.
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Theresa Agovino | 06.17.2009 | Crain's New York Business
Mayor Michael Bloomberg blamed The Port Authority of New York and New Jersey again on Wednesday for the logjam between the agency and developer Larry Silverstein over financing construction of two office towers at ground zero.
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Matt Dunning | 06.15.2009 | Tribeca Tribune
After missing his self-imposed deadline for ending the latest feud between World Trade Center developers, Mayor Michael Bloomberg's office said on Monday that talks between the two main parties responsible for rebuilding the 16-acre site would continue through the week.
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Julie Shapiro | 06.12.2009 | Downtown Express
There hasn’t been much good news about the World Trade Center site lately, as delays, cost overruns and disputes continue to dominate the public face of the project. But at site meetings led by the Port Authority, an executive with Silverstein Properties said one project consistently lifts everyone’s spirits: Tower 4, which the developer is building in the southeast corner of the site.
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06.11.2009 | Jewish Daily Forward
"This is my bar mitzvah year with the museum," said Larry Silverstein, Heritage Award honoree at the Museum of Jewish Heritage - A Living Memorial to the Holocaust's 13th annual dinner, held at the museum May 18.
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06.10.2009 | New York Post
At issue is a dispute between developer Larry Silverstein and the Port Authority over the fate of three iconic office towers planned for the site.
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Karen Matthews | 06.10.2009 | Associated Press
On the eve of Mayor Michael Bloomberg's deadline for the World Trade Center developer and his landlord to settle their dispute over rebuilding the site, a deal appeared elusive.
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Julie Shapiro | 06.09.2009 | Downtown Express
In the battle between office towers and retail podiums at the World Trade Center site, office towers appear to be winning.
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Janno Lieber | 06.05.2009 | Letter to the Editor, New York Times
Contrary to your editorial’s assertion, the Port Authority of New York and New Jersey’s ability to complete the World Trade Center memorial is not in any way dependent on Silverstein Properties.
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James Carpenter | 06.05.2009 | ArchitectureWeek
Seven World Trade Center was the third building to collapse on September 11, 2001, and it is the first to be rebuilt. Designed by David Childs of Skidmore, Owings & Merrill (SOM), the new building is composed of 42 floors of office space set above eight floors of Con Edison transformers (located in large concrete vaults at street level).
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06.05.2009 | New York Construction
The progress since the start of construction last spring on the 64-story World Trade Center Tower 4 is a success story on a multi-mega-project program rife with delays, lawsuits and political turmoil that has caused public anger and devastation since the 16-acre site of the Sept. 11 attacks started undergoing redevelopment.
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06.05.2009 | New York Construction
In a time when half of the country seems to want Wall Street's head on a platter, building a five-star hotel-condominium tower, to many, may seem bold - but that is exactly what developer Silverstein Properties is looking for with 99 Church Street in Lower Manhattan.
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Julie Shapiro | 06.05.2009 | Downtown Express
The negotiations about the future of the World Trade Center site have been going on behind closed doors, but on Friday, Assembly Speaker Sheldon Silver gave the first hint of what is happening.
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06.03.2009 | New York Observer
Larry Silverstein was ranked one of the most powerful people in New York real estate by the New York Observer.
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Steve Cuozzo | 05.26.2009 | NY Post
The city's Economic Develop ment Corp. is crowing over a magazine report that named New York this year's "North American City of the Future."
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Earle S. Altman | 05.26.2009 | Crain's New York Business - Letter to the Editor
As a professional with more than 50 years working in the New York City real estate industry as a broker, investor and owner, I respectfully disagree with Crain's May 4 editorial putting the pressure on Larry Silverstein to fund and finance the balance of the World Trade Center site development.
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Josh Rogers | 05.22.2009 | Downtown Express
On opposite sides of the seesaw are two equally weighted adversaries — W.T.C. developer Larry Silverstein and the Port Authority, run by executive director Chris Ward. Both sides have offered some insights into their positions in interviews over the last few weeks, but the final outcome is more likely to be determined by the balance of power.
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Paul Bubny | 05.22.2009 | GlobeSt.com
Citing the inherent competitive advantages of new office space and forthcoming improvements to Downtown, a study from CB Richard Ellis says Towers 2 and 4 at the World Trade Center will command high rents when completed in the next four to six years.
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05.19.2009 | NY 1
Fed up with slow moving construction at the World Trade Center site, officials and project leaders will sit down Thursday to find a way to keep progress moving.
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05.19.2009 | New York Real Estate Scene
Developer Larry Silverstein was honored by the the Museum of Jewish Heritage at its 13th Annual Heritage Dinner May 18th. The Co-chairs of the dinner are Bernard W. Nussbaum, Wachtell, Lipton, Rosen and Katz; and John E. Zuccotti, Co-chairman, Brookfield Properties Corporation.
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Steve Cuozzo | 05.12.2009 | NY Post
So Mayor Bloomberg has invited all of Ground Zero's squabbling tribes to Gracie Mansion soon "to find a way to align incentives and keep progress moving," he said.
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Dara McQuillan | 05.11.2009 | Letter to the Editor, Crain's New York Business
Crain's editorial “WTC solution hinges on Larry” (May 4) is filled with inaccuracies. Correcting all of the misinformation would take up more space than the original editorial itself, but here are the most important points.
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Doug Feiden | 05.11.2009 | NY Daily News
The incredible shrinking World Trade Center will be cut back from five iconic skyscrapers to just two signature towers under a new Port Authority plan, the Daily News has learned.
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Steve Garmhausen | 05.04.2009 | Crain's New York
Attorney and longtime downtowner Luigi Rosabianca waxes eloquent on the neighborhood's newest tower, 7 World Trade Center. He lauds its looks, environmental friendliness and promise of anchoring a downtown revival.
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Jason Sheftell | 05.01.2009 | Daily News
In the middle of the city’s toughest real estate climate since the early 1990s, local developer Larry Silverstein and team are bringing to market the granddaddy of New York rental properties.
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Douglas Feiden | 04.16.2009 | NY Daily News
The World Trade Center won't be fully rebuilt and occupied until 2037 - a full 36 years after terrorists reduced it to rubble, a new study says.
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Steve Cuozzo | 04.16.2009 | NY Post
As Larry Silverstein, the Port Authority and urban-policy sages duke it out over the pace of World Trade Center rebuilding, let us take note of a remarkable fact: Downtown Manhattan today is the strongest office market in the United States in terms of vacancy rate, according to data to be released today by real-estate firm Cushman & Wakefield.
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04.09.2009 | Building Design and Construction
The Building Owners and Managers Association (BOMA) International’s Chair and Chief Elected Officer Richard Purtell and President and Chief Operating Officer Henry Chamberlain met with Department of Energy (DOE) officials and top executives from 18 other commercial real estate companies at 7 World Trade Center in New York City today to discuss how to dramatically reduce the sector’s energy consumption and greenhouse gas emissions. The meeting officially launched DOE’s Commercial Real Estate Energy Alliance (CREEA), a collaboration of commercial real estate owners and operators who have volunteered to work directly with each other and with DOE to exact lasting change in the energy consumption of commercial real estate buildings in the United States.
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Charlotte Cuthberson | 04.08.2009 | Epoch Times
Retaining Manhattan as the epicenter of the world is the work of many minds. “Downtown 2020,” a report researched and written by a team connected to the Steven L. Newman Real Estate Institute, was discussed at a forum in New York Tuesday.
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Paul Bubny | 04.07.2009 | GlobeSt.com
Far from putting Lower Manhattan’s future on the back burner amid the financial crisis, the Wall Street meltdown underscores the importance of planning and acting today for Downtown’s future. That’s one of the key messages in "Downtown 2020," a report issued Tuesday by Baruch College’s Steven L. Newman Real Estate Institute.
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Steve Cuozzo | 03.31.2009 | NY Post
Larry Silverstein's 99 Church St. Four Seasons Hotel/condo tower is far from dead, despite reports elsewhere that it's been indefinitely tabled.
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Robert Florida | 03.30.2009 | NJIT
When he was a young boy, Serge Demerjian loved to build. A few decades later, Serge now has a job that he likens to playing with Legos, – but on a massive, multi-billion dollar scale. He works as a Design Manager for Silverstein Properties, the company redeveloping the World Trade Center site. He manages the design of the eastern half of the redevelopment project. That half includes three new skyscrapers, a new PATH Station hub, four underground levels of retail space, as well as public space, new roads and security networks.
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Theresa Agovino | 03.30.2009 | Crain's New York Business
Serge Demerjian leads the design, planning and coordination of more than 6 million square feet of space that the three towers share with the site’s owner, the Port Authority of New York and New Jersey. He also coordinates with all the various state and city agencies involved in the project.
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Erik Olsen | 03.23.2009 | New York Times.com
New York City’s nighttime skyline will look like it’s had a few teeth knocked out this coming Saturday.
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03.12.2009 | ecorazzi
The following are New York City buildings and organizations participating in Earth Hour on March 28, 2009. We applaud their support and commitment to climate change. Silverstein Properties, Inc., including: 7 World Trade Center, 120 Broadway, 120 Wall Street, 529 Fifth Avenue, 570 Seventh Avenue, 575 Lexington Avenue, 1177 Avenue of the Americas, One River Place
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Linda O’Flanagan | 02.10.2009 | Real Estate Weekly
To coincide with the American Heart Association's Wear Red Day, Silverstein Properties lit the lobby of 7 World Trade Center in red. Part of the tower's unique design feature, the color-changing lighting within the lobby ceiling and exterior podium screen wall normally changes from the white light of day to a blue at night. An interactive motion detection system can also trigger a colored stripe of light that "follows" pedestrians as they walk along the sidewalk.
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Amy Westfeldt | 02.03.2009 | Associated Press
The city set more than 40 new rules Tuesday for the struggling construction industry to make high-risk sites safer and correct problems such as those that led to two deadly crane collapses last year.
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Kathryn Wilson | 02.01.2009 | Time Out New York
1. Balloon Flower (Red), by Jeff Koons (1995-2000) Owner: On loan to Silverstein Properties from Jeff Koons. 7 World Trade Center between Barclay and Vesey Sts
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Lisa Colangelo | 01.21.2009 | NY Daily News
Developer Larry Silverstein has promised that all security officers in his World Trade Center office towers will be union members - specifically members of 32BJ SEIU.
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Theresa Agovino | 01.18.2009 | Crain’s New York Business.com
Volant Trading is nearly quadrupling its space with a new seven-year lease for 7,800 square feet at 7 World Trade Center.
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Lois Weiss | 01.02.2009 | NY Post
Smiling Energizer Bunny award: To Larry Silverstein for having an upbeat attitude and continuing his redevelopment of the World Trade Center no matter what happens to the market or his lawsuits.
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Tara Lynn Wagner | 01.02.2009 | NY 1 News.com
"Certainly by the end of '09 we'll begin to feel the monetary stimulus into the veins of this economy of ours so that the last part of '09 will be better than the last part of '08. I certainly think '10 will be a very solid year of recovery and on into '11 and so forth," said Larry Silverstein, President, Silverstein Properties.
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Tara Lynn Wagner | 12.18.2008 | NY 1 News.com
On a foggy day, the tops of Larry Silverstein's newly constructed Silver Towers disappear into the clouds, looking less like New York and more like Gotham, which also happens to be the name of the building's general contractor.
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Theresa Agovino | 12.15.2008 | Crain's New York Business
Larry Silverstein could barely breathe in his mid-30s, so his vigor at age 77 is especially noteworthy.Diagnosed with asthma as a child, the World Trade Center developer's symptoms grew progressively worse, forcing him to rush to emergency rooms for relief.
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Henry Goldman and David Levitt | 12.12.2008 | Bloomberg
The Port Authority of New York and New Jersey must pay about $49.5 million in penalties to developer Larry Silverstein for failing to meet an Oct. 5 deadline on work at the World Trade Center site, an arbitration panel ruled.
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12.12.2008
"The arbitration panel ruled that work must continue on World Trade Center sites 2 and 4 in order to complete the Port Authority's site turnover obligations, and as a result the panel reinstated liquated damages effective to October 5. In anticipation of this ruling, the Port Authority and Silverstein Properties had already begun working cooperatively to resolve the outstanding issues that remain."
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Steve Cuozzo | 12.09.2008 | NY Post
Mayor Bloomberg congratulated Larry Silverstein on the "continued success" of 7 World Trade Center last week - an overdue acknowledgment from Bloomberg, who once needled Silverstein for supposedly asking for too high a rent.
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Steve Cuozzo | 12.05.2008 | NY Post
In a hard-earned triumph for Larry Silverstein, German bank WestLB has leased the top three floors of 7 World Trade Center. The firm will move from 1211 Sixth Ave. into 129,000 square feet at the 52-story downtown skyscraper.
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12.04.2008
New York City Mayor Michael R. Bloomberg and Silverstein Properties President & CEO Larry A. Silverstein today announced that WestLB, a leading German financial institution, has signed a 15-year lease for approximately 129,000 square feet of office space on the top three floors of 7 World Trade Center.
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Julie Shapiro | 12.02.2008 | Downtown Express
Silverstein Properties maintains this wall, built by the Port Authority, is in the way of its construction of Tower 4 on the World Trade Center site, but the Port says the wall is outside the property line. The dispute is in arbitration. Silverstein's 7 W.T.C. is the tower in the background.
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Dana Rubinstein | 11.24.2008 | New York Observer.com
“[W]hile there is no shortage of doom and gloom out there, the fact of the matter is we have a new administration coming into office," Mr. Silverstein said. “The president-elect has signaled his attention to deal imminently with economic issues, [with a] major infrastructure thrust that will serve to rebuild tunnels and dams across America, which are totally beyond their useful lives."
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Theresa Agovino | 11.21.2008 | Crain’s New York Business.com
An arbitration panel on Monday will begin hearing a dispute between the developer and the owner of the World Trade Center site involving issues that could lead to the delay of completing at least one of the towers set to rise by 2012.
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Larry A. Silverstein | 11.21.2008 | Downtown Express
Just as Downtown was enjoying its strongest period of economic development and progress since the attacks of Sept. 11th, Wall St. found itself at the center of the financial hurricane of 2008. Lower Manhattan's confidence has been shaken for the moment as Merrill Lynch, A.I.G. and the Dow Jones Industrial Average have all taken a hit over the past few months. In times like these - when the economic future of our city, our state and our nation seems less than secure - it is easy to succumb to fear, doubt and cynicism.
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David Jones | 11.19.2008 | The Real Deal
Less than two months after HSBC backed out of a massive lease agreement at 7 World Trade Center, Silverstein Properties has reached a tentative agreement on a new lease with German lender WestLB, sources familiar with the discussions said.
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Catherine Curan | 11.17.2008 | Crain's New York Business
Working for Larry Silverstein means enjoying daily access-and unlimited bragging rights-to a stunning 360-degree view of Manhattan and its surroundings.
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Maureen Farrell and Melanie Linder | 11.13.2008 | Forbes.com
Real estate mogul Larry Silverstein certainly didn't wait for his big break--in fact, he built his empire brick by brick. He began his career in the 1950s by converting a Manhattan industrial shack into an office building. It took myriad deals over five decades to get where Silverstein, 77, is today.
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11.12.2008 | NY1.com
An independent panel will try to work out problems between the Port Authority of New York and New Jersey and developer Larry Silverstein at the World Trade Center site.
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11.12.2008 | Leaders Magazine
Once the World Trade Center is rebuilt, the quality of life in lower Manhattan will be irrevocably changed and very much for the better. It will be a 24/7 community, with magnificent new building in place, with 100, 000 people working in them and 100,000 more visiting them every day. Retail will come in to support the requirements of these people. We'll have half a million square feet of first-class, destination-quality retail at the base of each of these buildings. That will add a superior texture and dimension to support the 24/7 community experience.
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Karen Matthews | 10.14.2008 | Associated Press
New York City's building boom will peak this year, with construction jobs plunging from a record 130,100 in 2008 to 100,250 in 2010, according to a report released Tuesday.
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Amy Westfeldt | 10.03.2008 | Associated Press
The owners of the World Trade Center site announced a delay in the completion of a multibillion-dollar transit hub Thursday but pledged to open a nearly finished Sept. 11 memorial by the 10th anniversary of the terrorist attacks.
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Lois Weiss | 10.01.2008 | NY Post
Larry Silverstein wants to keep building his three World Trade Center towers no matter what the current market conditions, one of his executives says - and the real-estate industry is right behind him.
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David W. Dunlap | 09.22.2008 | New York Times
Those who say the World Trade Center site is changing at a glacial pace have no idea how right they are. A fantastic landscape in Lower Manhattan — plummeting holes, steep cliffsides and soft billows of steel-gray bedrock, punctuated by thousands of beach-smooth cobblestones in a muted rainbow of reds and purples and greens — has basked in sunlight this summer for the first time in millennia.
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Michael R. Bloomberg | 09.10.2008 | Wall Street Journal.com
The eyes of the world will again turn to Lower Manhattan this week as we mark the seventh anniversary of September 11, and as we remember all those we lost on that tragic day. Aerial views of the World Trade Center site will show steel beams that are finally swinging into place as part of the construction of the Freedom Tower and 9/11 museum and memorial.
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Tom Topousis | 08.22.2008 | NY Post
After three years of exhaustive research, a team of federal engineers yesterday debunked claims by conspiracy theorists who insisted that 7 World Trade Center was intentionally blown up on 9/11, finding instead that raging fires caused the tower to topple.
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Dana Rubinstein | 08.12.2008 | New York Observer
HSBC employees should soon, from their aerie atop 7 World Trade Center, be able to peer down at the morass of construction at the city-and-state controlled ground zero below.
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Stephen Del Percio | 07.30.2008 | greenbuildingsnyc.com
Last June, HSBC announced a five-year, $100 million partnership to address global climate change, agreeing to work with The Climate Group, Earthwatch Institute, Smithsonian Tropical Research Institute, and the World Wildlife Fund in order to quantify the impact of climate change on the world's cities, forests, and rivers through extensive field research.
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Theresa Agovino | 07.21.2008 | Crain's New York Business
The credit crisis doesn't seem to be hurting QVT Financial LP, which is doubling its space at 1177 Sixth Ave., between West 45th and West 46th streets. QVT, which already occupies the ninth floor, signed an eight-year lease for the entire 10th floor, bringing the firm's total in the office tower to 48,000 square feet.
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Daniel Pimlott | 07.18.2008 | Financial Times
Merrill Lynch has pulled out of talks to locate its headquarters at the new World Trade Center after suffering billions of dollars of writedowns.
Merrill had been considering taking one of three buildings in development by Larry Silverstein at the World Trade Center.
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Terry Pristin | 05.14.2008 | New York Times
Larry A. Silverstein, the New York developer, is used to being second-guessed.
“There’s no shortage of people who are always trying to tell you what you should do when it’s not their money that’s at stake, and not their property,” he said last week.
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Peter Kiefer | 03.13.2008 | New York Sun
Construction is finally set to commence on towers 3 and 4 at the World Trade Center site after five years of delay. Developer Larry Silverstein described the start of construction later this month as "nothing short of historic" and added that he was confident that a 2012 completion date for the project can be met.
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Bradley Hope | 02.20.2008 | New York Sun
The bids are in for the highly coveted General Motors Building, and it looks like it may be anointed the priciest property in America. The developer of ground zero, Larry Silverstein, who is thought to be partnering with the California State Teachers' Retirement System, has offered more than $3 billion for the property, according to sources with knowledge of the proposals. The news confirms what was first reported in The New York Sun in December 2006, that the building's value could reach more than $3 billion.
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Eliot Brown | 02.18.2008 | New York Observer.com
Seven weeks after he had hoped to start construction, Larry Silverstein is ready to build at Ground Zero, as the Port Authority announced today it has finished excavations and cleared space for World Trade Center Towers 3 and 4.
The Port Authority missed its deadline of Jan. 1 to turn over the site to Silverstein Properties, and has owed $300,000 a day to the developer since, an amount that now exceeds $14 million. However, the cost is offset some, as the agency has said it offered a $10 million incentive to its contractors to finish before the deadline.
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Francis Morrone | 02.14.2008 | New York Sun
New York is again reaching for the sky, as the city has perhaps not done since the 1920s. Developer Larry Silverstein recently announced that his forthcoming apartment building and hotel at 99 Church Street would be 912 feet high. That will make the Robert A.M. Stern-designed structure the tallest residential building in New York.
Until recently, all of the city's super-tall buildings have been office buildings. New Yorkers have never really lived all that high up in the air. The fabled penthouses of Park Avenue or Central Park West were ever only 300 or 400 feet high. By the standards of history and of many other places, that's pretty high up. But by the standards of Manhattan skyscrapers, a handful of which rise more than 1,000 feet, it's not much.
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Julie Shapiro | 02.01.2008 | Downtown Express
Luxury amenities Downtown are nothing new. From Tiffany to Hermes, high-end retailers are flocking to the rapidly developing district.
But the excitement was palpable when developer Larry Silverstein announced the latest arrival to Downtown’s luxury economy: Four Seasons Hotels and Resorts.
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Tom Topousis | 01.30.2008 | New York Post
Ground Zero developer Larry Silverstein yesterday unveiled plans for a Four Seasons hotel and luxury apartment tower a block north of the World Trade Center - part of a building boom that will double lower Manhattan's stock of hotel rooms by 2012.
The super-luxe hotel - the Four Seasons' second venture in the city - is expected to open in three years and will include a mix of swank hotel rooms and high-end condominiums in an 80-story tower at 99 Church St.
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01.29.2008 | Associated Press
The Four Seasons is moving downtown.
The luxury hotel chain, which has been in midtown Manhattan since the early 1990s, will open a second location on the lower 22 floors of an 80-story skyscraper going up near ground zero, World Trade Center developer Larry Silverstein said Tuesday.
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Ben Fidler | 12.21.2007 | TheDeal.com
Backed by a pension fund that has allowed it to flex its financial muscle during a tight credit market, Silverstein Properties Inc. has scooped up a prized piece of real estate in Manhattan, announcing Thursday, Dec. 20, that it has acquired the Americas Tower in Midtown for more than $1 billion.
New York-based Silverstein and its joint venture partner, a multibillion-dollar pension fund in the California State Teachers’ Retirement System, said on Dec. 20 that their JV, Metro Fund LLC, had purchased the property from investment firm Paramount Group Inc.
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Bradley Hope | 10.15.2007 | New York Sun
The main developer of ground zero, Larry Silverstein, is bringing a piece of the magic that broke records at the residential project 15 Central Park West to Lower Manhattan.
Today he will announce the hiring of architect Robert A.M. Stern to design a five-star hotel and luxury condominium tower at 99 Church St., just a block from the World Trade Center site. Mr. Stern is known most recently for his ultra-luxury limestone building at 15 Central Park West, developed by Zeckendorf Development LLC. A condominium there sold for $42 million to a former chief executive of Citigroup, Sanford Weill, a record for a single-unit condo.
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Natalie Dolce | 09.28.2007 | GlobeSt.com
NEW YORK CITY-Another law firm moves Downtown. Kostelanetz & Fink LLP took 14,000 sf of space for an eight-year term on part of the 34th floor at 7 World Trade Center. The company is moving from 530 Fifth Ave., where it occupied approximately 7,000 sf.
CB Richard Ellis' Bernard Weitzman, a first VP in the firm’s Midtown office, and Jeffrey Kilimnick, VP, represented Kostelanetz & Fink. CBRE’s Howard Fiddle, vice chairman; Adam Foster, SVP; Brad Gerla, SVP; Jason Pollen, first VP; Stephen B. Siegel, chairman of global brokerage; Mary Ann Tighe, CEO, New York Tri-State Region; and Simon Wasserberger, SVP; represented landlord Silverstein Properties.
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Christopher Grimes | 09.08.2007 | Financial Times Magazine
Larry Silverstein darts out of the elevator as it touches the lobby of his Park Avenue apartment building, offers me a brisk yet friendly greeting, then races out of the glass door, making sure to offer a courteous "thank you" to the doorman. I am supposed to follow. Silverstein is 76, but he walks at an extraordinary clip, as if wearing stilts. It is a muggy Friday morning in July, and he has eschewed his usual double-breasted suit with striped Turnbull & Asser shirt for a blue plaid sportscoat, an open-collared shirt and boat shoes.
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Adam Piore | 09.07.2007 | Portfolio.com
As the World Trade Center project slowly takes shape, the man behind the scenes steps forward.
John "Janno" Lieber may have the best view in Manhattan-and he's working hard to ruin it.
From his 38th-floor office at 7 World Trade Center, the gap-toothed, 45-year-old redhead gazes out a full wall of glass at tiny boats cruising along the Hudson under the Verrazano Narrows Bridge. In the distance is the Statue of Liberty. It's a stunning vista on a beautiful, summer day. But the youthful, Harvard-educated executive spends most of his time worrying about the muddy construction site directly below-and the buildings that will rise out of it.
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Alex Appelbaum | 09.07.2007 | Architectural Record
Larry Silverstein announced at a press conference yesterday that his development firm will put out to bid 70 construction packages for three office skyscrapers at the World Trade Center site by November, with foundation and steel work set to begin in January. Representatives from Foster & Partners, Rogers Stirk Harbour + Partners, and Maki and Associates were also on hand to present the latest schematic designs for these buildings—the most detailed views yet of what people visiting the site might see when construction finishes in 2012.
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Ben Hallman | 09.01.2007 | The American Lawyer
Wachtell dedicated more lawyers to helping Larry Silverstein rebuild at Ground Zero than to any other project in its history.
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Adam Piore | 08.01.2007 | The Real Deal
For months, the glamorous parties atop Larry Silverstein's new 7 World Trade Center have attracted A-list celebrities like Lindsay Lohan, Drew Barrymore and Naomi Campbell.
Since no one has yet signed a lease for the top floor, Silverstein has been renting it out for A-list galas in recent months, charging a hefty $25,000 a day.
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Adam Piore | 08.01.2007 | The Real Deal
The new 7 World Trade Center is now two-thirds leased. For months, the glamorous parties atop Larry Silverstein's new 7 World Trade Center have attracted A-list celebrities like Lindsay Lohan, Drew Barrymore and Naomi Campbell.
Since no one has yet signed a lease for the top floor, Silverstein has been renting it out for A-list galas in recent months, charging a hefty $25,000 a day.
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09.29.2006
Vessel Carrying ‘‘Jumbo’‘ I-beams Destined for Skyscraper’‘s Below-Grade Structure To Deliver Historic Payload to Portsmouth, Virginia, Port Tomorrow
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09.07.2006
An Historic Day in the World Trade Center Rebuilding as Governor Pataki, Assembly Speaker Silver, Larry Silverstein and Three Renowned Architects Reveal a Collaborative Vision for Future Heart of Downtown's Commercial Corridor
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Daniel Taub | 08.26.2006 | Bloomberg
Darby & Darby P.C., a law firm specializing in intellectual property, signed an agreement to relocate its headquarters to the 41st and 42nd floors of Larry Silverstein's 7 World Trade Center in Lower Manhattan.
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Alison Gregor | 05.01.2006 | The Real Deal
May 2006-Janno Lieber hangs up the phone. It hasn't happened often in recent days, as talks between the owner and the lessee of the World Trade Center site have now reached an agreement after a four-month stalemate that capped more than four years of negotiations.
It seems that Lieber, as project director of the 16-acre World Trade Center site for Silverstein Properties-and developer Larry Silverstein's right hand-will have a job for at least the next six years until the $7 billion Ground Zero build-out is achieved.
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David Lombino | New York Sun
Designs for the east side of the former World Trade Center site will come to light on Thursday in a press conference featuring developer Larry Silverstein, officials from the Port Authority, and three acclaimed architects, Sir Norman Foster, Lord Richard Rogers, and Fumihiko Maki.
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Associated Press
Moody's Corp. is renting more than one-third of the office space in 7 World Trade Center, the largest lease yet signed in the first building to be rebuilt after the September 11 terrorist attacks.
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Tom Topousis | New York Post
The Freedom Tower began taking shape this week, as the first beams for the building's foundation began rolling out of a foundry in the tiny Grand Duchy of Luxembourg, famous for its high-strength steel.
The European mill will turn out 805 tons of the "Jumbo Beams" that will be used to build a massive base for the 1,776-foot-tall tower.
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Sara Seddon Kilbinger, Jennifer S. Forsyth and Kemba J. Dunham | The Wall Street Journal
PLOTS & PLOYS
Just months ago, the New York real-estate community was wondering if 7 World Trade Center would be left standing empty-the result of too much emotional baggage in its name and lingering doubts about whether employees would want to work in Manhattan's downtown.
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Catherine Tymkiw | Crain's New York Business.com
The city's Industrial Development Agency gave preliminary approval, as expected, for $1.6 billion in Liberty Bonds to help rebuild Ground Zero.
Silverstein Properties, which is building three of the five towers, will receive $921 million of the tax-exempt financing. The sites owner Jersey- the Port Authority of New York and New Jersey- will get $702 million to help build the Freedom Tower and the retail portion of Silverstein's buildings.
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James Gardner | New York Sun
At yesterday's annual awards luncheon of the American Institute of Architects, David Childs, head of Skidmore, Owings & Merrill, unveiled the final plans for the Freedom Tower at ground zero. In so doing, he greatly fleshed out the project he announced a year ago, when he radically revised the building as first conceived by Daniel Libeskind. Surely one can discern a common thread in both versions, but Mr. Childs's building is fundamentally different from Mr. Libeskind's-and the change is for the better.
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Charles V. Bagli | New York Times
The Port Authority and the developer Larry A. Silverstein asked a New York court yesterday to bar seven insurers at ground zero from using the new rebuilding plan as an excuse to withhold more than $1.5 billion in payouts needed to rebuild office towers on the site.
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Steve Cuozzo | New York Post
IN a major breakthrough for Larry Silverstein, Moody's Investors Service and the developer have signed a term sheet that will likely lead to a 600,000-square-foot lease at 7 World Trade Center.
Insiders expressed optimism that the preliminary agreement—signed late last week—will result in a done deal soon.
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Charles V. Bagli | New York Times
After years of attacking the developer Larry A. Silverstein over his role at ground zero, Mayor Michael R. Bloomberg joined forces with him yesterday, calling on six insurers to "do the right thing" and pay the $1.5 billion they owe for rebuilding.
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Alex Frangos | Wall Street Journal
Three architects. Three skyscrapers. Four months. And one war room.
That's the recipe World Trade Center developer Larry Silverstein is using to cook up a dynamic trio of skyscrapers by Sept. 20, the deadline he and the Port Authority of New York and New Jersey have set for signing a definitive rebuilding plan for the office and retail space at Ground Zero.
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Mark Egan | Reuters
The first new skyscraper built at the World Trade Center site opens in two weeks and developer Larry Silverstein is confident he will rent all 1.7 million square feet of office space within a year.
7 World Trade Center, a gleaming 52-floor tower adjacent to where the Twin Towers stood until September 11, 2001, officially opens on May 23. So far, Silverstein only has commitments for less than 25 percent of the new space.
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Glenn Collins | New York Times
The time is 3 a.m. The place is a dangerous subterranean world rich with obstacles and eerie shadows 65 feet below the streets of Lower Manhattan. Invisible to all eyes above, workers toil to raise a new skyscraper where the towers fell.
One morning last week, guided by the bare bulbs of construction lights, 15 hard hats picked their way through the World Trade Center pit. They were ever mindful of the threat of the errant PATH train, and never unaware of the proximity of the 600-volt third rail.
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Amy Westfeldt | Associated Press
After months of disputes over the future of ground zero, state and city officials finally brought in the heavy equipment and began construction Thursday on the 1,776-foot Freedom Tower that will rise on the site of the World Trade Center.
"It is going to be a symbol of our freedom and independence," Gov. George Pataki said after three yellow construction trucks - driven by workers wearing hard hats emblazoned with the American flag and the words "Freedom Tower, World Trade Center" - rolled down a ramp to applause from politicians.
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David Barboza | New York Times
BEIJING - His office here on the other side of the world is stocked with ancient Chinese classics. When he travels, his suitcase is often packed with philosophical tracts. Occasionally, he quotes Mao.
But Feng Lun is no academic. He is one of China's biggest real estate tycoons. And he is heading to New York City, as the only major tenant so far at the World Trade Center site.
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Three prominent real estate projects in Lower Manhattan-7 World Trade Center, an elevated plaza at 55 Water Street, and a restored set of residential buildings at South Street Seaport-won MASterwork Awards from the Municipal Art Society this week.
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David M. Levitt | Bloomberg
Developer Larry Silverstein agreed to buy Moody's Corp.'s headquarters at 99 Church Street in Manhattan, expanding his holdings downtown as rents rebound five years after the terrorist attacks that destroyed the World Trade Center.
Silverstein will pay $170 million for the 441,000 square-foot building built by Moody's in 1951. Moody's will lease the building from Silverstein until the company moves its global headquarters to Silverstein's 7 World Trade Center two blocks away, New York- based Moody's said today in a statement.
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Crain's New York Business.com
Two more insurance companies have agreed to pay claims stemming from the Sept. 11 attacks, sources say.
The Port Authority, which owns the site, will get $130 million from Gulf Insurance Co. and $187 million from Travelers Indemnity Co.
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Silverstein Properties and its joint venture partner, the California State Teachers' Retirement System (CalSTRS), closed on the deal to acquire 575 Lexington Avenue, a 35-story, 600,000-square-foot tower at 51st Street. The partnership purchased the Midtown office building for $400 million, or about $665 per square foot.
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