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Topic: Larry Silverstein


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In the News (Fri 27 Nov 09)

  
  Larry Silverstein - Wikipedia, the free encyclopedia
Larry A. Silverstein (born 1932 in Bedford-Stuyvesant in Brooklyn, New York) is a real estate investor and operator and the head of Silverstein Properties Inc., a real estate development group.
Silverstein is known for being the developer and leaseholder of the World Trade Center towers which were destroyed in the September 11, 2001 attacks.
Larry Silverstein graduated from New York University in 1952, and married in 1956.
en.wikipedia.org /wiki/Larry_Silverstein   (1523 words)

  
 Larry Silverstein: Jury Rules WTC Destruction Was Two Separate Events - Wall Street Journal 6dec04
Larry Silverstein, the real-estate developer who holds the lease on the World Trade Center, lost a major chunk of his legal bid to double the $3.55 billion face value of the insurance coverage for the twin towers.
Silverstein had argued that all the insurers committed to forms under which the attacks of Sept. 11, 2001, would be regarded as two occurrences that entitled him to a double payment.
Silverstein and his investor group in July 2001, is considering allowing him to keep, at most, his spot as developer of the iconic Freedom Tower, a 1,776-foot tower scheduled to start construction later this summer, the people said.
www.mindfully.org /Reform/2004/Larry-Silverstein-WTC6dec04.htm   (4252 words)

  
 AREW - Talking About Downtown with Larry Silverstein
Larry A. Silverstein serves as President and CEO of Silverstein Properties, Inc., a Manhattan-based real estate development and investment firm that has owned, managed and developed over twenty million square feet of office, residential and retail space.
Silverstein is a member of the New York Bar and a Governor of the Real Estate Board of New York, having served as its Chairman.
Silverstein contributes his time and resources to organizations that are dedicated to education and medical research, meeting humanitarian needs, and supporting the arts.
www.arew.org /print/silverstein-print.html   (307 words)

  
 Larry Silverstein   (Site not responding. Last check: 2007-10-23)
Silverstein Properties, Larry Silverstein’s company which took over the lease of the WTC weeks earlier (see July 24, 2001), has a meeting planned for the morning of 9/11 in it’s temporary offices on the 88th floor of the WTC north tower, along with Port Authority officials.
WTC leaseholder Larry Silverstein is supposed to be working today in the temporary offices of his company, Silverstein Properties, on the 88th floor of the north tower.
Silverstein’s children would likely have been trapped at Windows.” [New York Observer, 3/17/2003] Fifty-four of Silverstein Properties’ 160 staff are in the north tower when it is hit, and four of them die.
www.cooperativeresearch.org /entity.jsp?entity=larry_silverstein   (817 words)

  
 Silverstein Answers WTC Building 7 Charges
Silverstein states, "I remember getting a call from the, er, fire department commander, telling me that they were not sure they were gonna be able to contain the fire, and I said, "We've had such terrible loss of life, maybe the smartest thing to do is pull it.
Silverstein expressed his view that the most important thing was to protect the safety of those firefighters, including, if necessary, to have them withdraw from the building.
Silverstein's explanation, after two years of stonewalling, that "pull it" meant to withdraw the firefighters is a lie.
www.prisonplanet.com /articles/january2006/050106silversteinanswers.htm   (1481 words)

  
 Silverstein - Wikipedia, the free encyclopedia
Silverstein is a post-hardcore band from Burlington, Ontario of debatable sub-genre.They got their name from Shel Silverstein; one of their favorite authors of popular children's books named.
The band was formed in 2000 in what they facetiously called in a press bio "an attempt to exploit the marketability of hardcore and emo".
The name Silverstein was taken off of the author Shel Silverstein.
en.wikipedia.org /wiki/Silverstein   (688 words)

  
 9-11 Research: Owner's Admission?
Larry Silverstein, the controller of Building 7, the third skyscraper to totally collapse on 9/11/01, gave an interview, portions of which were reproduced in a PBS documentary aired on September 10, 2002, entitled America Rebuilds.
Silverstein apparently admitted that the building was deliberately demolished by the New York City Fire Department late in the afternoon.
Silverstein's statement implies a close temporal proximity between "that decision to pull" and "watch[ing] the building collapse," giving no time for the fires to become more severe and do what fires have never before done: cause the total collapse of a steel-frame high-rise.
911research.wtc7.net /wtc/evidence/pullit.html   (816 words)

  
 national journal: Lucky Larry - WTC destroyed, a multi-billion insurance compensation consoles Larry Silverstein
Silverstein agreed to pay over 99 years a total of 3,2 billion Dollars in leasing installments to the Port Authorities: 616 million as an initial payment and then annually 115 million Dollars.
Larry was lucky, that he was not responsible for liabilities towards the Port Authorities, since the disaster was an act of God.
Larry Silverstein, despite not being the owner of the buildings, was the sole beneficiary of the insurance indemnity payments of more than 7 billion Dollars.
globalfire.tv /nj/03en/jews/wtc-silverstein.htm   (896 words)

  
 Killtown's:  Was the WTC 7 pulled? - "Pull it!"
Silverstein is currently Chairman of the Realty Foundation, trustee of New York University, trustee of the South Street Seaport Museum, and a trustee of the Museum of Jewish Heritage.
Silverstein is engaged in a lawsuit to double his insurance pay-off and may win as much as $7.1 billion from the insurance companies by arguing that the destruction of the towers was two insured events instead of one.
Silverstein is reported in some quarters to have spent as much as $200 million on lawyers, as he pursues demands for as much as $7 billion from his insurers.
thewebfairy.com /killtown/wtc7/pullit.html   (12156 words)

  
 The YBBS - Why Larry Silverstein Can't Get It Up
After two years of Larry’s Silverstein group haggling in court with multiple insurers, spending a million bucks on lawyers, the judge turned and said, sorry fellas, it was one hit, you get 3.5 billion, period.
Developer Larry Silverstein and investors Lloyd Goldman and Joseph Cayre are nearing a deal that would give them about $98 million of their original investment of $125 million.
Larry only got back the one-hit payola, with a lot of expenses, though still considerable profit, but obviously leaving a shortfall for the $2.3 billion tower, not to mention the $9 billion complex.
www.yourbbsucks.com /forum/showthread.php?t=9088   (1735 words)

  
 Larry Silverstein speaks again - Wired New York Forum
Silverstein is eventually going to be forced into a compromise of the amount of office space and keeping bulding heights down.
While Silverstein would not be expected to build the towers, which would be incorporated into an overall Ground Zero memorial, he said he was uncomfortable with the idea of creating spaces for large numbers of people on the upper floors.
Silverstein also criticized a plan by Berlin-based architect Daniel Libeskind, which calls for leaving much of the Ground Zero pit open as a space for a memorial.
www.wirednewyork.com /forum/showthread.php?p=6695   (1533 words)

  
 New York Daily News - Ideas & Opinions - Editorials: Larry Silverstein's duty to New York   (Site not responding. Last check: 2007-10-23)
Larry Silverstein has his rights and he has his nerve - and he is exercising both to the detriment of New Yorkers who hope to see Ground Zero redeveloped at some point in their lifetimes.
Trouble is, Silverstein doesn't have the financial capability to build the iconic Freedom Tower and four additional skyscrapers in a reasonable time frame.
Silverstein has his own account of the dollars and cents, but it's clear they don't add up to anything good for the public.
www.nydailynews.com /news/ideas_opinions/story/399992p-338892c.html   (785 words)

  
 CNN.com - Verdict favors World Trade Center leaseholder - Dec 6, 2004   (Site not responding. Last check: 2007-10-23)
Larry Silverstein signed a 99-year lease on the World Trade Center in July 2001.
Silverstein signed a 99-year lease taking control of the Trade Center in July 2001, six weeks before the attacks that killed 2,749 people and toppled 10 million square feet of commercial space in the twin towers and five other buildings.
Silverstein has already topped out the steel frame of a 52-story office tower where the 7 World Trade Center building stood until it collapsed September 11.
www.cnn.com /2004/LAW/12/06/wtc.trial   (672 words)

  
 The Real Deal - Profile: Larry Silverstein's right-hand man
In the jargon of the trade, Lieber handles for Silverstein the design and construction process for the World Trade Center site and all the economics involved in the business of development, which include management of billions of dollars in insurance money and, eventually, in tax-exempt Liberty Bond funds.
He said he was pleased to have negotiated a final development plan for the site, and that Silverstein was by no means cutting his losses by accepting a deal that reduces his development rights by 38 percent, losing concessions of more than $2 billion.
The victory was won some time ago, Lieber said, when Silverstein Properties convinced the city to develop commercial towers of top caliber on the eastern portion of the site as opposed to residences or government offices.
www.therealdeal.net /issues/MAY_2006/1146525403.php   (1480 words)

  
 Larry Silverstein -- Leaseholder of World Trade Center
Larry A. Silverstein is a real estate developer in New York City and was appointed a director of Westfield America in May 1997.
Silverstein has been President of Silverstein Properties, Inc., a Manhattan-based real estate investment and development firm which owns interests in and operates over 10 million square feet of office space.
Larry Silverstein purchased a $3.2 billion, 99-year lease of the World Trade Center in July 2001, along with the above mentioned partner Westfield America for the shopping parts.
www.emporis.com /en/bu/sk/wt/cp/if/si   (260 words)

  
 Larry Pulls It   (Site not responding. Last check: 2007-10-23)
Larry broke the record by a few weeks, rigging his building in a few hours, while the twin towers smoldered beside him.
In addition, the Silverstein group sued the insurers liable for the World Trade Center for another three and a half billion dollars, claiming that by an obscure clause in their contract, the two planes constituted two separate terrorist attacks[4].
Larry may have owned the WTC inside, but the outside concourse was Israeli.
www.rense.com /general70/larry.htm   (1845 words)

  
 Larry Silverstein's $3.5B Definition - Forbes.com   (Site not responding. Last check: 2007-10-23)
Silverstein's lawyer, Herbert Wachtell, told the appeals court that the law was so clear that his client deserved summary judgment on the issue, which a lower court judge had denied.
This form defined "occurrence" to mean "losses or damages that are attributable directly or indirectly to one cause or to one series of similar causes." U.S. District Court Judge John Martin, whose decisions are on appeal, said this definition means that the attack was a single occurrence.
After the argument, Silverstein repeated his insistence that all he wants is a fast resolution so he could put the money to work rebuilding the towers.
www.forbes.com /home/2003/07/23/cx_da_0723topnews.html   (961 words)

  
 From Rebuilt Tower, Silverstein Speaks of Frustrating Delays - September 6, 2006 - The New York Sun
Silverstein's office is on the 38th floor of the new Seven World Trade Center.
Silverstein said that, five years after the attacks, he would have expected the Freedom Tower to be climbing skyward, and more significant progress on the memorial and the PATH transportation hub.
Silverstein to slow down his development schedule for the building to incorporate more public input, and wait for a firm development plan for ground zero.
www.nysun.com /article/39131?page_no=1   (611 words)

  
 The New York Observer Real Estate: Larry Can Wait   (Site not responding. Last check: 2007-10-23)
Larry Silverstein may be in a better negotiating position than people think.
Sure, he is paying the Port Authority more than $10 million a year for 16 desolate acres that yield no manna, but a year ago, Silverstein said he would not need to begin drawing on the $3.5 billion in Liberty Bonds—the center of this whole dispute, remember--until 2009.
Merrill guesses that the break-even rent at 7 WTC is really in the low- to mid-30s, meaning that, if desperate, Silverstein can drop his asking rent by another $15-20 a square foot, attract more customers, and still pay off his debt on that tower.
therealestate.observer.com /2006/03/larry-can-wait.html   (388 words)

  
 Letter to Swiss Re
The transaction was actually structured in a manner that would have allowed Silverstein to simply default and walk away from the lease in the event of a catastrophic loss, which is why, at the time he purchased the coverage, Silverstein wasn't that concerned about the amount of insurance.
It is necessary to understand who Larry Silverstein is and the circles in which he operates in order to understand how it is possible that he might have had prior knowledge.
Larry Silverstein's relationship with Lewis Eisenberg of the Port Authority et al.
www.serendipity.li /wot/lehrman.htm   (3230 words)

  
 World Trade Center - Wikipedia, the free encyclopedia
It was initiated by a Lower Manhattan Association created and chaired by David Rockefeller, along with strong backing from the then New York governor, his brother, Nelson Rockefeller.
Larry Silverstein held the most recent lease to the complex, the Port Authority having leased it to him in July of 2001
The main elements of that agreement are that Silverstein ceded rights to develop the Freedom Tower and Tower Five in exchange for financing with Liberty Bonds for Tower Two, Three, and Four which are considered to be the most marketable properties of the site.
en.wikipedia.org /wiki/World_Trade_Center   (3920 words)

  
 LARRY SILVERSTEIN, PATRIOT - New York Post Online Edition: Postopinion   (Site not responding. Last check: 2007-10-23)
In the first, Larry Silverstein, acting as a private developer, put up a sparkling, state-of-the-art skyscraper - 7 WTC (the one that opened yesterday) - in record time, to replace the one destroyed on 9/11.
Silverstein has risked his own money, time and energy on the World Trade Center redevelopment.
But Silverstein - again, the only responsible player in the game - has warned that insurance companies funding the project may not agree to recent government-ordered changes in the lease.
www.nypost.com /postopinion/editorial/69018.htm   (601 words)

  
 RESURRECTION
During almost all of 1998, Silverstein is busy meeting with and pushing Sharon and his bureaucrats to “get the Zone done.” At first, Silverstein is so optimistic that he authorizes the effort to compete for the tender BEFORE the FPZ Law is restored to its original form.
Second, the Israeli “civil servants,” albeit in the name of their minister, convince Silverstein that once IEDC is selected as the first zone’s concessionaire, the bureaucrats will go to work to change the law back as close to the original as Israeli politics allow.
Now, Silverstein is a believer, but he is certainly no one’s fool, especially when it comes to developing real estate, even a piece of real estate in the Holy Land.
www.iasps.org /scorecards/98/yerushalmi.htm   (2400 words)

  
 9-11 Research: Controlling Interests
The new controllers acquired a handsome insurance policy for the complex including a clause that would prove extremely valuable: in the event of a terrorist attack, the partnership could collect the insured value of the property, and be released from their obligations under the 99-year lease.
Larry Silverstein also owned Runway 69, a nightclub in Queens that was alleged 9 years ago to be laundering money made through sales of Laotian heroin.
Silverstein, "the two hijacked airliners that struck the 110-story twin towers Sept. 11 were separate 'occurrences' for insurance purposes, entitling him to collect twice on $3.6 billion of policies." This was reported in the Bloomberg News less than one month after the attack.
911research.wtc7.net /wtc/background/owners.html   (907 words)

  
 Silverstein, FDNY Decided to 'Pull WTC 7': An In-Depth Analysis
Larry Silverstein, the owner of the WTC complex, admitted on a September 2002 PBS documentary, 'America Rebuilds' that he and the NYFD decided to 'pull' WTC 7 on the day of the attack.
Silverstein's statement does not imply that was done - it is impossible to do that anyway and Silverstein did not walk into a trap like that; he covered his ass with the way in which he worded what he said.
I applaud Jeremy Baker for writing a piece to scrutinize the Achilles heal of 9-11, but he (or someone) must follow up properly with calls to Larry Silverstein and whoever the head of FDNY was that day who he spoke to and clarify this.
www.prisonplanet.com /011904wtc7.html   (3688 words)

  
 mparent7777: Larry “Lucky Larry” Silverstein   (Site not responding. Last check: 2007-10-23)
Larry Silverstein is the New York property tycoon who purchased the entire WTC complex just 6 months prior to the 9/11 attacks.
Silverstein’s first order of business as the new owner was to change the company responsible for the security of the complex.
Following the attacks, Silverstein filed TWO insurance claims for the maximum amount of the policy ($7B), based on the two -- in Silverstein's view -- separate attacks.
mparent7777.livejournal.com /12147181.html   (928 words)

  
 YouTube - Larry Silverstein saying "pull it" - WTC 7
And search wikipedia for Larry Silverstein about the Silverstein statement, as well as other serious websites (not run by conspiracy nuts) confirming what was said.
If he didn't mean pull it in a demolition term then this would mean Larry Silverstein is actually an American Heroe and should have a holiday named after him because he got all of those firefighters out of the building right before it was about to go down!
Larry Silverstein, owner of the WTC who Larry Silverstein, owner of the WTC who purchased the complex just 6 weeks before 9/11, says they pulled the WTC 7:
youtube.com /watch?v=w7he_sAVs0A   (505 words)

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