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Latest Larry Silverstein Stories

2014-07-21 16:24:05

With 100,000+ square feet lease, MediaMath Joins Downtown's Growing Ranks of New Economy Companies NEW YORK, July 21, 2014 /PRNewswire/ -- Silverstein Properties announced today that global technology company MediaMath has signed a 15-year, 106,000 square foot lease at 4 World Trade Center. The company will consolidate its more than 300 NY-based employees from three Midtown locations into the 44th, 45th, and 46th floors of 4 World Trade Center when it moves into the 72-story tower...

2010-11-14 00:47:00

PALM SPRINGS, Calif., Nov. 14, 2010 /PRNewswire/ -- Larry Silverstein, President, CEO, Silverstein Properties, Inc., was named the Ernst & Young Entrepreneur Of The Year® 2010 national winner in the Real Estate, Hospitality and Construction category. Now in its 24th year, Ernst & Young's Entrepreneur Of The Year® is the world's most prestigious business award for entrepreneurs. The award encourages entrepreneurial activity and recognizes leaders...

2009-05-12 21:58:43

The Port Authority of New York and New Jersey plans to replace one of the office towers at the World Trade Center with a luxury hotel, the New York Post said. Sources told the newspaper the agency believes a combination of hotel and up-market apartments is a better commercial proposition than more offices, given the current oversupply of commercial buildings in Manhattan. JPMorgan Chase & Co. has abandoned its plans for a tower on the site. The Port Authority took over the former Deutsche...

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2009-04-16 13:35:00

A study prepared by a major real estate firm predicts that the new World Trade Center in New York will not be fully occupied until 2037. The New York Daily News reported it had obtained a copy of a confidential report prepared by Cushman & Wakefield for the Port Authority of New York and New Jersey. The bi-state agency built the original World Trade Center in lower Manhattan, which was destroyed in the terrorist attacks of Sept. 11, 2001. The report suggests that the delays that have...

2008-11-11 12:00:14

EXTON, Penn., Nov. 11 /PRNewswire-FirstCall/ -- XL Insurance, XL Capital Ltd's global insurance operation , today announced that Silverstein Properties of New York and The Christman Company of Lansing, Michigan are the recipients of XL Insurance's 2008 Green Contractor Award. This award honors companies for their exemplary risk management strategies that promote environmental health and welfare of employees and communities in which they do business. Rich Corbett, head of XL Insurance's...

2006-06-29 15:46:57

By Joan Gralla NEW YORK (Reuters) - New York's Freedom Tower got a financial boost when the U.S. Customs and Border Protection agency signed a letter of intent to lease 600,000 square feet of offices, Gov. George Pataki said on Thursday. The 1,776-foot (541-meter) Freedom Tower building is meant to symbolize New York's defiance in the teeth of the September 11, 2001 air attacks, but real estate experts say fears of yet another deadly assault make luring tenants an uphill battle. The...

2006-06-26 14:35:39

By Mark Egan NEW YORK (Reuters) - In the latest twist in an acrimonious battle over rebuilding the World Trade Center, developer Larry Silverstein on Monday sued insurers to demand they pay for the buildings destroyed in the September 11 attacks. With new architectural plans for the site to be unveiled this week, Silverstein and The Port Authority of New York and New Jersey said in a lawsuit that the insurance companies have dragged their feet on paying the more than $3.5 billion...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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