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

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

YMCA Retirement Fund Leases 52,000SF at 120 Broadway

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

Check Out Silver Suites Offices at 7 World Trade Center

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

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

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

KSP Acquires Holland Park

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

REFI TV: Larry Silverstein, Realty Foundation of New York

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

American Arbitration Association Signs New Lease at 120 Broadway

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

Seeing Big Promise in Manhattan Corporate Apartments

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

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