Silverstein Properties

from Wikipedia, the free encyclopedia
Silverstein Properties, Inc.

logo
legal form Incorporated
founding 1957
Seat New York City , New York , United States
United StatesUnited States 
management Larry Silverstein
Branch Real estate company
Website www.silversteinproperties.com

Silverstein Properties, Inc. is a US real estate company based in New York City .

The company was founded in 1957 by Harry Silverstein. Today his son Larry Silverstein is chairman of Silverstein Properties. In 2008, the website of Silverstein Properties Properties worth around 10 billion were loud specifications dollars owned by the company. Most of Silverstein Properties' properties are New York offices and apartments housed in skyscrapers .

World Trade Center

The company became known through the World Trade Center . In July 2001 Silverstein Properties leased the Twin Towers, which were destroyed in attacks on September 11, 2001 . Shortly thereafter, the company announced that it would rebuild the complex. One building, 7 World Trade Center , opened in 2006 and has been the company's headquarters ever since. Silverstein Properties also owns the remainder of the complex, which opened in 2014. Owner of One World Trade Center , the tallest tower, but the New York Port Authority .

The complex is largely financed by insurance funds that Silverstein received after the terrorist attacks. Overall, the company was 4.577 billion US dollars awarded since the World Trade Center complex was insured against terrorist attacks. Larry Silverstein sued his insurance company in 2004 , including the German alliance , for double the original amount insured (a total of $ 7.1 billion), arguing that there were two attacks on September 11th since it In the case of the World Trade Center, there were two towers and therefore two attacks would have taken place. In the second instance, the court divided the insurers into two groups, depending on the type of insurance contract. Four insurers were sentenced to pay the single sum, and nine others were sentenced to double the amount (a total of 4.577 billion US dollars), so the Silverstein court was partially right. In particular, Allianz initially refused to pay this amount. In an interview with Larry Silverstein in a German magazine in February 2007, the headline “Insurance, finally pay!” Appeared, with which Silverstein pointed out the difficulties with insurance.

Well-known properties

Here are some well-known properties / structures owned by Silverstein Properties:

Web links

Individual evidence

  1. Welt.de, Interview with Larry Silverstein "Pay at last" demands Larry Silverstein.