Bloomberg News

Silverstein Names Martin Burger Co-CEO of Development Firm

December 14, 2011

(Updates with details of Burger’s background, beginning in second paragraph.)

Dec. 13 (Bloomberg) -- Larry Silverstein, developer of officer towers at Manhattan’s World Trade Center site, named Martin Burger co-chief executive officer of his real estate company as its investments expand beyond its New York base.

Since joining Silverstein Properties Inc. almost two years ago, Burger has helped start projects in Florida, Eastern Europe and China, the developer said in a statement today. Burger will oversee the company’s role in a joint venture with China Bridge Capital and state-owned Jiangbeizui Central Business District Investment and Development Co., according to the statement.

“Marty will lead our continued effort to finance new development projects, acquire new properties and form new joint ventures around the globe,” Silverstein, the company’s president and chief executive officer, said in the statement.

Silverstein Properties has “an increasing comfort level” in its projects at the World Trade Center and elsewhere in Manhattan, Silverstein, 80, said in an interview last month. A partnership with Jan Kulczyk, Poland’s richest man, purchased a Warsaw office building as its first deal in August, and has plans to develop skyscrapers in the city.

Before joining Silverstein Properties, Burger was president and chief executive officer of Artisan Real Estate Ventures, where he oversaw the acquisition and management of about 2,000 rental housing units in the Las Vegas area, Silverstein’s website shows.

He also spent 15 years at Related Cos., Stephen Ross’s real estate company, during which he oversaw the structuring of $1.8 billion of debt and equity for New York’s Time Warner Center, and later helped refinance that project for more than $2 billion, according to Silverstein’s website.

Burger led the financing of Silverstein’s plan for a 444- room Four Seasons hotel at Walt Disney World Resort in Orlando, Florida, Silverstein Properties said. The hotel is slated to open in 2014.

--Editors: Christine Maurus, Kara Wetzel

To contact the reporter on this story: David M. Levitt in New York at dlevitt@bloomberg.net

To contact the editor responsible for this story: Kara Wetzel at kwetzel@bloomberg.net


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