On Monday, March 12, the YU Professionals Real Estate Group will present “The Redevelopment of the World Trade Center Site,” featuring Larry Silverstein in conversation with Michael Stoler at Silverstein Properties. Larry Silverstein is one of New York City’s premier real estate developers and oversees Silverstein Properties, Inc. (SPI), a privately-held, full-service real estate development, investment and management firm. Silverstein, president and CEO, founded the company in 1957. SPI manages more than 35 million square feet of office, residential, hotel, and retail properties in the United States.
In July 2001, Silverstein completed the largest real estate transaction in New York City history when he signed a 99-year lease on the 10.6 million square foot World Trade Center for $3.25 billion, only to see it destroyed in terrorist attacks six weeks later on September 11, 2001. He is currently rebuilding the office component of the World Trade Center site, a $7-billion project that will consume the balance of his working life.
Michael Stoler, president of New York Real Estate TV, LLC, and a managing director at Madison Realty Capital, a private equity firm, is the host and executive producer of “The Stoler Report – Real Estate Trends in the Tri-State Region,” now in its eleventh season. Stoler also serves as host and executive producer of “Building New York-New York Life Stories,” which is in its seventh season, and as a real estate commentator on 1010 WINS radio with “The Michael Stoler Real Estate Report” which premiered in 2007 and airs on the weekends.
The YU Professionals Real Estate Group is the newest of YU’s professional networking groups, which also include the Wall Street Group and the Accounting and Financial Planning Network. YU professional networking groups bring together industry-related professionals for seminars on the most pressing issues of the day in their fields, providing an excellent networking venue for alumni in the field.
The March 12 event will include a reception following Silverstein’s talk, sponsored by Meridian Capital Group. Marc Kwestel ’87YC, co-chair of the YU Professionals Real Estate Group, stated, “We are excited to host this unique event with Larry Silverstein, one of New York City’s premier real estate developers. Mr. Silverstein’s tireless work to rebuild the World Trade Center is a topic close to everyone’s hearts, not just those interested in real estate. On behalf of my co-chair Bruce Schanzer ’91YC, ’93C, I would like to thank Mr. Silverstein for hosting this YU Professionals Real Estate Group event and for everything he is doing for New York City.”
The event will begin at 4:30 p.m. with registration, followed by the program at 5:00 p.m. and the reception at 6:00 p.m. This event is now sold out but alumni interested in the YU Professionals Real Estate Group can email firstname.lastname@example.org for more information.