Ex-Silverstein CEO, L&L Head Partner For Property Firm

L&L Holding Company CEO David Levinson has partnered with former Silverstein Properties CEO Marty Burger on a new joint venture.

Named L&L Infinite, the investment platform will focus on acquiring and repositioning properties across the country with emphasis on New York City and South Florida, Bloomberg reported. It will have offices in New York and West Palm Beach, according to the company.

The venture aims to capitalize on opportunities emerging from the ongoing real‑estate market reset, particularly distressed or transitional assets that require operational expertise or fresh capital, using both equity and debt deals.

“South Florida is booming and New York remains one of the strongest markets in the country with the greatest labor force, so there’s growth opportunities in both office and residential,” Burger told Bloomberg.

Burger will serve as the joint venture’s CEO while Levinson continues to oversee L&L Holding’s portfolio, which spans more than 6.5 million square feet of commercial and residential real estate, with eight properties in New York and Florida. The firm’s holdings include the 2022-completed 425 Park Avenue — a prominent Midtown Manhattan office tower anchored by Citadel — as well as Wynwood Plaza, a major mixed‑use development in Miami that has become a key asset in the firm’s growing South Florida presence. Amazon.com took a large lease there last year.

Last year, Burger announced he plans to redevelop an office in Manhattan’s Midtown South neighborhood into apartments, with Levinson’s backing. He and partner Andrew Heiberger paid $25 million for 29 West 35th Street with plans to convert the office building into apartments. It would be the first conversion under the Midtown South Mixed-Use Plan rezoning, enacted last year.

Previously, Burger served as CEO of Silverstein, the developer behind rebuilding the World Trade Center site. He stepped down in October 2023 when founder Larry Silverstein replaced him in the CEO role with his daughter Lisa Silverstein.

– Joel Russell