Silverstein appoints Co-CEO to head U.S., international expansion

TRD New York /
Dec.December 13, 2011 03:24 PM

Martin Burger has been appointed co-CEO of Silverstein Properties and will spearhead the firm’s expansion to China, as well as throughout the U.S. and Europe, according to a statement from the developer today.

The developer of the 2, 3 and 4 World Trade Center buildings, which has nearly doubled the size of its staff since 2006, is further emphasizing the continued expansion of its business outside of New York City, the statement noted, with projects in Florida, China and Central and Eastern Europe.

Last year, the commercial and residential developer established a joint venture in Warsaw, Poland, with Kulczyk Real Estate Holding, to develop office, retail and mixed-use properties throughout Central and Eastern Europe. Kulczyk Silverstein Properties purchased its first commercial office building, the Stratos Office Center, last year.

In January, Silverstein Properties established a joint venture with China Bridge Capital and the state-owned Jiangbeizui Central Business District Investment and Development Co., the statement said. It was not immediately apparent what Silverstein’s plans for real estate development in China included.

Previously, Burger worked for the Blackstone Group and Goldman Sachs’ Whitehall Real Estate Funds. Before joining Silverstein in 2010, he operated his own firm, Artisan Real Estate, and prior to that he served as president of Related Las Vegas, the Las Vegas division of the New York City-based developer.

Burger most recently handled financing for the Four Seasons Resort Orlando at Disney World, a $364 million, 444-room luxury resort set to open this week.

Silverstein’s 4 World Trade tower is currently under construction, rising to 58 stories as of today. Last year, Silverstein opened the largest residential development in New York City, the Silver Towers, on 42nd Street. — Guelda Voien


Related Articles

arrow_forward_ios
Silverstein Properties CEO Marty Burger and a microscopic view of Covid-19 (Credit: Ilya S. Savenok/Getty Images, CDC)

“We can’t be everybody’s bank”: Marty Burger on how Silverstein is working with tenants and his Covid-19 recovery

“We can’t be everybody’s bank”: Marty Burger on how Silverstein is working with tenants and his Covid-19 recovery
Silverstein Properties CEO Marty Burger (Photo by Ilya S. Savenok/Getty Images)

Silverstein’s Marty Burger recovers from coronavirus

Silverstein’s Marty Burger recovers from coronavirus
Silverstein Properties' Tal Kerret, Dino Fusco, Marty Burger and 7 WTC (Credit: Joe Woolhead)

Former Goldman exec will be new COO at Silverstein Properties

Former Goldman exec will be new COO at Silverstein Properties
120 Broadway and Thornton Tomasetti’s Peter DiMaggio, Tom Scarangello and Michael Squarzini (Credit: Google Maps)

Thornton Tomasetti takes 100K sf at 120 Broadway

Thornton Tomasetti takes 100K sf at 120 Broadway
Moinian Group CEO Joseph Moinian, and a street view of the new Best Buy location (535 Fifth Avenue, at left) and the old one (529 Fifth Avenue, at right) 

Best Buy signs lease for new store at 535 Fifth

Best Buy signs lease for new store at 535 Fifth
Larry Silverstein (Credit: Getty Images, iStock)

Silverstein’s lending biz could get a boost from the weak luxury condo market

Silverstein’s lending biz could get a boost from the weak luxury condo market
Larry Silverstein and the Tel Aviv Stock Exchange (Credit: Getty Images)

Institutional investors swarm Silverstein’s new TASE bonds

Institutional investors swarm Silverstein’s new TASE bonds
Larry Silverstein and the Tel Aviv Stock Exchange Bull (Credit: Getty Images and Wikipedia)

As other NYC firms go quiet, Silverstein Properties prepares new Israeli bond offering

As other NYC firms go quiet, Silverstein Properties prepares new Israeli bond offering
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...