New York City developer Larry A. Silverstein has appointed Tal Kerret as President of Silverstein Properties. In his role, Kerret will be responsible for managing and monitoring the company’s portfolio of assets, devising strategies for growth and acting as a liaison with investors. He will also oversee some of the day-to-day operations of the company.
In making the announcement, Silverstein, who serves as Chairman, said: “I am delighted to appoint Tal to the position of President. Over the past four years, he has proven himself to be an outstanding professional and a great asset to our company. Even as the leadership of Silverstein Properties is undergoing a professional transition under our CEO Marty Burger, we continue to be a family company.”
Silverstein Properties Chief Executive Officer Marty Burger said: “Tal has done an incredible job creating new business opportunities, managing the company’s investments and attracting outside investors. I look forward to continuing our work together to grow and expand Silverstein Properties at home and overseas.”
Kerret joined Silverstein in 2011, as Executive Vice President. He launched Silver Suites Offices at 7 World Trade Center, and oversees Silver Suites Residences at Silver Towers and at Beekman Tower. In January 2013, he was promoted to Chief Investment Officer.
Prior to joining Silverstein Properties, Kerret was Chairman, CEO and Co-Founder of two technology and media companies and served as an officer in the Israeli Defense Forces for six years.
The appointment follows a series of high-profile milestones for Silverstein Properties, including the successful financing of 3 World Trade Center, several new commercial leases at 4 WTC and the sale of over 50% of the residences at the Four Seasons Hotel and Private Residences Downtown New York.
In March, with its partner Elad Group, the company broke ground on One West End, a luxury residential and retail project at 59th Street and West End Avenue. Designed by Pritzker Architecture Prize-winning architect Cesar Pelli, the project will be the centerpiece of Riverside Center.