Silverstein Properties | The Real Deal New York

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Silverstein Properties

250 Greenwich Street
New York, NY
(212) 490-0666
Website
Reception@Silvprop.com
Silverstein Properties
Silverstein Properties
Silverstein Properties is a developer, landlord, and property management firm in New York City, founded by Larry Silverstein in 1957. Its holdings include the office towers 120 Wall Street, 120 Broadway, and 1177 Avenue of the Americas; the rental complex Silver Towers and River Place; and the under-construction Four Season Private Residences New York Downtown at 30 Park Place. Silverstein was the lease-holder of the original World Trade Center and the principal private developer of the new one. Crain’s has named Silverstein Properties on its list of Best Places to Work in New York City. –WP
Sarah Thompson 120 Wall Street Larry Silverstein thumb
02/09/16
Global ad agency Droga5 is more than doubling its space at Silverstein Properties’ 120 Wall Street in the Financial District, leasing 110,000 square feet in...
220 CPS 50 West Street 30 Park Place thumb
02/09/16
UPDATED: Feb. 9, 11:40 a.m.: Buyers who get in early on new condominium developments may shoulder more risk, but they’re typically rewarded with a perk:...
ziel feldman fb
02/05/16
Ziel Feldman’s HFZ Capital Group is looking to raise around $250 million in EB-5 funds for its latest High Line condo development at 518 West...
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02/03/16
It was Chuck Schumer to the rescue of New York City developers Tuesday as the popular EB-5 investor visa program, which allows investors to pony...
MLB feature
01/29/16
Major League Baseball may be the answer to the Time & Life Building’s pending vacancy issue. MLB is considering moving Commissioner Rob Manfred’s office and some...
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01/27/16
Two of the largest foreign investors in New York City real estate are at odds over the value of EB-5 investment, a funding vehicle popular...
Lieber Silverstein
01/21/16
UPDATED, Jan. 21, 5:30 p.m.: Right about now, Larry Silverstein must be feeling the anxiety of a debutante at cotillion. Tags: 2 World Trade Center,...
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01/19/16
The Moinian Group made its first investment through a newly formed tech investment arm, becoming the latest New York developer to join the venture-funding craze. Dubbed...
Rendering of
01/15/16
Rupert Murdoch’s 21st Century Fox and News Corp. will not move their New York headquarters to Silverstein Properties’ planned 2 World Trade Center Downtown, raising...
421a-TRData-feature
01/14/16
Did you know four of the five largest buildings in Manhattan developed with the 421a tax abatement are on the West Side? Or that Silverstein Properties...
Workville NYC
01/08/16
A group of under-the-radar real estate investors with a sweeping footprint in the Garment District is breaking into the co-working office space game. Tags: 1412...
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01/07/16
Having ramped up its investment in global real estate markets over the past two years, the real estate arm of Chinese insurance giant Ping An...
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12/29/15
Family dynasties are a fixture of the New York real estate scene, but few manage to share and transfer power across generations as smoothly as...
2015-Renderings-feature
12/28/15
Let’s face it — nothing seems to drum up more excitement for an upcoming project than a shiny new rendering. Like a placeholder on the skyline,...
3 World Trade ft
12/22/15
Advertising firm GroupM will soon sign for 170,000 more square feet, three more floors, at Silverstein Properties’ 3 World Trade Center, adding to the 520,000 square...
Rockefeller-Center 1
12/21/15
What do Chuck Schumer, Jeff Flake, John Cornyn and Pete Sessions have in common? This isn’t the beginning of a bad Capitol Hill joke. The four...
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12/17/15
Macy’s $400 million overhaul of its Herald Square store, the Hines-developed office tower overlooking Bryant Park and Two Trees Management’s shimmering rental building at the...
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12/16/15
In a huge win for real estate developers, Congress extended the popular, controversial and widely-debated EB-5 visa program for another year with no changes. Not...
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12/10/15
Silverstein Properties’ 2 World Trade Center received a major boost Thursday from the Port Authority of New York and New Jersey, which approved subsidies to help...
FundriseCherryFbox
12/08/15
Crowdfunding startup Fundrise calls its newest real estate investment product “the biggest technological innovation in the history of finance.” And that’s far from the only...
45ParkPlacefbox
12/03/15
Sharif El-Gamal’s luxury condominium tower at 45 Park Place received approval from the New York Attorney General’s office, paving the way for the developer to launch sales...
550 Madison ft
12/02/15
The Chetrit Group’s much-hyped condo conversion of the Sony Building in Midtown is picking up steam, with the launch of the project’s teaser site that...
(credit: OpenSecrets.org)
12/02/15
If a program gave a developer $600 million in cheap financing, how much would the developer spend fighting for its right to exist? In 2015,...
BenMillerMorePCfbox
11/24/15
What does it mean for the health of real estate crowdfunding if one of its pioneers is switching things up? This month, Fundrise announced it...
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11/23/15
UPDATED: 12:50, Nov. 23: Brokerage Kassin Sabbagh filed suit against Lightstone Group and CEO David Lichtenstein Thursday, accusing the developer of accepting a $3 million...
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Silverstein Properties, CEO
250 Greenwich Street, New York, NY, 212.490.0666
Marty Burger became the sole chief executive officer of Silverstein Properties, one of...
Silverstein Properties, President and CEO
250 Greenwich Street, New York, NY, 212.490.0666
Larry Silverstein is the president and CEO of Silverstein Properties and one of...
  • Event Sales
  • Address 3 Mitchell Place
  • Neighborhood Midtown East
  • Borough Manhattan
  • Price $ 138,000,000
notes
Beekman Tower, the vacant, 170-unit Art Deco building, sold for $138 million.
  • Event Office Leasing
  • Address 120 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 16,000
notes
The synagogue signed a 15-year lease.
  • Event Financing
  • Address 30 Park Place
  • Neighborhood Tribeca
  • Borough Manhattan
  • Publication Date 07/01/2013
  • Event Date 05/22/2013
  • Party 1 Silverstein Properties, CalSTRS
  • Party 2 Children's Investment Fund Management (UK) LLP
notes
A $660 million construction loan was provided for the project, which will include a Four Seasons hotel and private residences. Construction will begin on the 82-story tower in fall 2013. The grand opening is slated for 2016. 82-story apartment building.
  • Event Financing
  • Address 529 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 282,696
notes
A $85 million loan was arranged for the property. 19-story office building.
  • Event Financing
  • Address 529 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 270,000
notes
An $80 million loan was made, secured by a fee interest in property. Approximately 70 percent of the property's leases expire after 2012. 19-story office and retail building.
  • Event Sales
  • Address 575 Lexington Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Price $ 400,000,000
  • Price per foot $ 655.00
  • Publication Date 10/01/2006
  • Event Date 08/22/2006
  • Party 1 Koeppel family
  • Party 1 Brokerage CBRE
  • Party 1 Broker Darcy Stacom, William Shanahan
  • Party 2 Silverstein Properties, California State Teachers' Retirement System
notes
The 611,000-square-foot property was acquired for approximately $400 million, or $655 per square foot.
  • Event Sales
  • Address 99 Church Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 441,000
  • Price $ 170,000,000
  • Price per foot $ 385.00
notes
The building sold for $170 million, or $385 per square foot. Moody's will remain in the property until it moves to Silverstein's 7 World Trade Center.
  • Event Retail Leasing
  • Address 529 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 28,840
notes
Electronic superstore already has location in Chelsea/Flatiron area
  • Event Retail Leasing
  • Address 120 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 16,500
notes
The steakhouse inked a 15-year lease for ground-floor, mezzanine and concourse-level space. The reported asking rent was $750,000 annually. This will be its third Manhattan location.
  • Event Retail Leasing
  • Address 600 West 42nd Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 6,500
  • Publication Date 02/01/2014
  • Event Date 12/23/2013
  • Party 1 Silverstein Properties
  • Party 1 Brokerage Lee & Associates
  • Party 1 Broker Peter Braus, Garry Steinberg
  • Party 2 Spot Experience
  • Party 2 Brokerage DTZ
  • Party 2 Broker Peter Trivelas
notes
The pet care facility signed a 10-year lease at Silver Towers. The reported asking rent was $75 per square foot.
  • Event Retail Leasing
  • Building Name One River Place
  • Address 660 West 42nd Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 40,000
  • Publication Date 02/01/2008
  • Event Date 12/23/2007
  • Party 1 Silverstein Properties
  • Party 2 Lucky Strike Entertainment
notes
The upscale bowling alley and lounge signed a lease. It plans to be open for business in the fall of 2008. The retail space occupies the ground floor of the Costas Kondylis-designed, 40-story, 921-unit rental apartment tower, which was completed in 2000.
  • Event Retail Leasing
  • Address 650 West 42nd Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 2,500
notes
Takeout Italian restaurant to be first in likely chain
  • Event Office Leasing
  • Address 7 World Trade Center
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 200,000
notes
The parties have signed a term sheet. The space on the top five floors will house the China Center, to be used by Chinese companies that want office locations in New York and as a meeting center for US companies interested in investing in China.
  • Event Office Leasing
  • Address 7 World Trade Center
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 20,000
  • Publication Date 09/01/2005
  • Event Date 07/23/2005
  • Party 1 Silverstein Properties
  • Party 2 American Express Financial Advisors
notes
Negotiations for 15-year lease; first tenant for bldg
  • Event Office Leasing
  • Address 7 World Trade Center
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 129,000
  • Price per foot $ 0.00
notes
The German bank inked a 15-year lease for floors 50 through 52, the top three floors of the tower. The company is relocating from its existing offices at 1211 Sixth Avenue.
  • Event Office Leasing
  • Address 7 World Trade Center
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 40,000
  • Price per foot $ 70.00
notes
The global technology solutions provider took the entire 35th floor, which will house 200 employees and will include executive offices and an executive briefing center.
  • Event Office Leasing
  • Address 7 World Trade Center
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 32,000
  • Publication Date 10/01/2011
  • Event Date 08/22/2011
  • Party 1 Silverstein Properties
  • Party 2 Freedom Specialty Insurance Company
notes
The Scottsdale Insurance subsidiary signed an expansion lease.
  • Event Office Leasing
  • Address 7 World Trade Center
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 8,568
notes
The New York Mercantile Exchange member took space on the 34th floor.
  • Event Office Leasing
  • Address 575 Lexington Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 9,141
  • Publication Date 05/01/2008
  • Event Date 03/22/2008
  • Party 1 Silverstein Properties
  • Party 1 Brokerage Silverstein Properties
  • Party 1 Broker Stuart Christie
  • Party 2 ACM Advance Currency Markets
  • Party 2 Brokerage NYCRS
  • Party 2 Broker Cathy Cameron
notes
The financial services firm signed a lease.
  • Event Office Leasing
  • Address 575 Lexington Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 22,250
  • Price per foot $ 55.00
notes
The financial services firm inked a seven-year lease renewal and expansion for the entire 15th floor.
  • Event Office Leasing
  • Address 575 Lexington Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 41,370
notes
The business center provider signed a lease for the entire fourth floor.
  • Event Office Leasing
  • Address 570 Seventh Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 1,396
  • Price per foot $ 38.00
notes
The textiles wholesaler signed a seven-year lease.
  • Event Office Leasing
  • Address 570 Seventh Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 8,870
notes
The law firm signed a new lease.
  • Event Office Leasing
  • Address 570 Seventh Avenue
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 3,940
  • Publication Date 04/01/2011
  • Event Date 02/20/2011
  • Party 1 Silverstein Properties
  • Party 1 Brokerage In-house
  • Party 2 Theatrical Rights Worldwide
  • Party 2 Brokerage CBC Hunter Realty
  • Party 2 Broker Laurence Landis
notes
The theater production licensing company signed a lease.
  • Event Office Leasing
  • Address 529 Fifth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 17,491
  • Publication Date 02/01/2006
  • Event Date 12/23/2005
  • Party 1 Silverstein Properties
  • Party 1 Broker Roger Silverstein
  • Party 2 Eze Castle Integration
  • Party 2 Brokerage Staubach Company
  • Party 2 Broker Bill Peters, Derek Trulson, Aron Whitehead
notes
IT firm takes entire 7th floor, moves from 551 Madison Avenue.
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Silverstein Properties, 30 PARK PLACE RESIDENTIAL LLC
30 Park Place, or Four Seasons Private Residences New York Down Town, is...
Manhattan, 10023
Elad Group|Silverstein Properties, RIVERSIDE CENTER SITE 5 OWNER LLC
1 West End Avenue, or Riverside Center Building 5, is a currently under...
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