The Real Deal New York

Posts Tagged ‘silverstein properties’

  • From left: Larry Silverstein and Ground Zero

    From left: Larry Silverstein and Ground Zero

    The head of a citizen watchdog group filed suit to uncover documents spelling out how much World Trade Center developer Silverstein Properties has invested in the site’s rebuilding. [more]

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  • 4-times-square

    4 Times Square

    Corporate law firm Skadden, Arps, Slate, Meagher & Flom is reportedly considering relocating from 4 Times Square after its lease expires in six years. Brookfield Properties and Silverstein Properties are among the developers to receive a request for proposals for roughly 450,000 square feet.

    Skadden Arps has occupied the Durst Organization-owned building with Condé Nast since the tower opened in 1999. Condé Nast is moving to 1 World Trade Center in November, as previously reported. Brookfield is slated to soon break ground on Manhattan West, while Silverstein is behind three new World Trade Center sites. [more]

  • 514-11th-ave

    514 11th Avenue

    Larry Silverstein’s Silverstein Properties unveiled renderings for its 60-story residential tower at 514 11th Avenue on Manhattan’s West Side. [more]

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  • roger-silverstein

    Roger Silverstein and 18 Ninth Avenue

    Roger Silverstein, executive vice president of leasing at Silverstein Properties and heir apparent to developer Larry Silverstein, is breaking into the electronic dance scene.

    He has adopted the DJ pseudonym “Roger Silver” and is seeking collaborators as he produces music and looks to launch his own record label. He can be seen spinning at Provocateur nightclub at 18 Ninth Avenue in the Meatpacking District. [more]

  • Barbara Fox and Martin Burger

    Barbara Fox and Martin Burger

    From the February issue: In this month’s movers and shakers feature, The Real Deal looks at Silverstein Properties Chairman Larry Silverstein naming Martin Burger as the company’s sole CEO. Burger’s been with Silverstein since 2010, when he joined as executive vice president and co-CEO. TRD also checked in with Fox Residential Group, which celebrated its 25th anniversary last month. The boutique brokerage recently added a development division. [more]

  • From left: Larry Silverstein, 4 World Trade Center, and screenshots of the Super Bowl commercial with Arnold Schwarzenegger and Don Cheadle

    From left: Larry Silverstein, 4 World Trade Center, and screenshots of the Super Bowl commercial with Arnold Schwarzenegger and Don Cheadle

    Larry Silverstein’s 4 World Trade Center has been buzzing with activity – just not of the leasing variety. While the 978-foot Fumihiko Maki-designed tower has only leased about half of its 2.3 million square feet,  it has been serving has a high-end event venue, playing host to cocktail parties, film shoots and fashion shows. And Silverstein Properties has been able to charge a daily fee of $50,000 per floor for the privilege. [more]

  • Larry Silverstein and 3 World Trade Center renderings

    Larry Silverstein and 3 World Trade Center renderings

    Larry Silverstein is asking the government to cut him a better financing deal at Silverstein Properties’ unfinished 3 World Trade Center. Executives at the development giant told government officials the firm needs more favorably-structured municipal bond financing to resume construction on the 80-story, 2.5 million-square-foot Lower Manhattan tower. [more]

  • Larry Silverstein and Downtown Shenzen

    Larry Silverstein and Downtown Shenzhen

    Silverstein Properties, behind the original World Trade Center sites and 3 WTC and 4 WTC, has invested $2.21 billion into a China free trade zone that would allow the country to build a mecca for financial services — rivaling that of Hong Kong, he said. [more]

  • Marty Burger and Downtown Shenzen

    Marty Burger and Downtown Shenzen

    Silverstein Properties’ Marty Burger, who became the development giant’s sole CEO this month when Larry Silverstein stepped down from the co-CEO position two weeks ago, is looking to aggressively expand the firm’s presence outside New York.

    Burger joined Silverstein Properties in 2010, after stints at the Related Companies, Blackstone Group and Goldman Sachs. He became co-CEO in December 2011, and has spearheaded the firm’s mixed-use projects in Shenzhen, China. The firm’s staff has almost doubled – from 180 to 330 – since Burger came in, and under his leadership Silverstein Properties is also looking at development opportunities in Beijing and Shanghai and hotel and residential deals in Israel. [more]

  • 3 World Trade Center

    3 World Trade Center

    Silverstein Properties landed a $340 million round of financing today, topping a recent $1.3 billion influx after the developer signed advertising giant and anchor tenant GroupM last month.

    Senator Chuck Schumer announced that he was able to secure $340 million in federal bonds via the Recovery Zone Bond program for 3 World Trade Center, financing that will plug a hole that could have delayed or stopped the project altogether, according to local advocacy group the Downtown Alliance. [more]

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  • 3-wtc

    3 WTC rendering, Lauren Crowley Corrinet and Jeremy Moss

    After more than a year of weighing a move to 3 World Trade Center, advertising and media company GroupM committed to anchoring the Silverstein Properties office tower, the developer said.

    The 20-year lease covers 516,000 square feet over the lower nine floors of the 80-story Lower Manhattan building. [more]

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  • The Four Seasons team signs concrete of the new 30 Park Place tower.

    The Four Seasons team signs concrete of the new 30 Park Place tower.

    Silverstein Properties broke ground today on an 82-story hotel and condominium tower at 30 Park Place in Tribeca, which is slated to be Lower Manhattan’s tallest residential tower and its first five-star hotel. Click here to see the photos.

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  • From left: Larry Silverstein, 7 World Trade Center and Mark Weiss

    From left: Larry Silverstein, 7 World Trade Center and Mark Weiss

    Credit rating firm Moody’s is taking the top three floors of Larry Silverstein’s 7 World Trade Center, a 129,000-square-foot expansion for the anchor tenant of the first tower to be rebuilt after the Sept. 11, 2001 terrorist attacks. [more]

  • From left: Larry Silverstein and Udi Erez

    From left: Larry Silverstein and Udi Erez

    The Elad Group will partner with Larry Silverstein’s Silverstein Properties on a mixed-use development on the Upper West Side. The pair is in contract to buy a parcel at Riverside South from the Carlyle Group that boasts 950,000 buildable square feet for $160 million, a source told The Real Deal. [more]

  • From left: Janno Lieber, Larry Silverstein and the exterior of 4 World Trade Center at 150 Greenwich Street

    From left: Janno Lieber, Larry Silverstein and the exterior of 4 World Trade Center at 150 Greenwich Street

    Silverstein Properties is all set to open the first skyscraper at the new World Trade Center complex in Lower Manhattan, but still has a monumental challenge ahead – filling about a million square feet of vacant space. [more]

  • Silverstein’s 4 WTC to open Wednesday

    November 08, 2013 10:10AM
    Larry Silverstein and 4 World Trade Center

    Larry Silverstein and 4 World Trade Center

    Silverstein Properties’ 4 World Trade Center will hold a ribbon-cutting ceremony on Wednesday, making the 978-foot Fumihiko Maki-designed tower the first building in the Ground Zero complex to officially open. [more]

  • From left:

    From left: Steve Kohn, Dave Karon and 529 Fifth Avenue

    Silverstein Properties and Loeb Partners Realty affiliates secured $85 million in financing for their office tower at 529 Fifth Avenue, according to brokerage Cushman & Wakefield, which advised on the deal. [more]

  • Jaron Benjamin

    Jaron Benjamin

    The city’s dearth of affordable housing can be directly tied to campaign finance laws that allow real estate developers to make huge campaign contributions, according to the director of the city’s oldest tenants’ union.

    “This year, after receiving tons of money from well-placed donors, the governor and members of the [New York] State Legislature quietly gave away millions of your tax dollars to developers of luxury towers,” Jaron Benjamin of the Metropolitan Council on Housing wrote in an op-ed, referring to a 421a tax abatement given to five New York City developers including Extell Development and Silverstein Properties. The dollars, Benjamin argues, could have been used to repair derelict apartment buildings or to give rent subsidies to people in need. [more]

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  • NewYork30ParkPlace

    A rendering of Silverstein Properties’ 30 Park Place and Related’s Hudson Yards

    New York City developers have long used the government’s EB-5 program, which grants overseas investors green cards in exchange for financing real estate projects, to source cheap debt from foreign markets. And not only is the trend picking up, but developers are trying to cut out the middleman.  [more]

  • Larry Silverstein and 4 World Trade Center

    4 World Trade Center (inset: Larry Silverstein)

    The Port Authority of New York & New Jersey may be handing back 150,000 square feet of its surplus space at 4 World Trade Center to the tower’s developer Larry Silverstein, rather than put it on the sublease market. The agency is leasing 600,000 square feet on the 15th through 29th floors of the under-construction building, but had earlier indicated in a request for proposals that it would look to sublease three-and-a-half floors of the space. [more]