Silverstein Properties Hires Michael Berman As Head of Asset Management

NEW YORK CITY-Silverstein Properties, the developer of the World Trade Center site, has hired a new director of asset management as the family-run company plans to expand its commercial real estate offerings beyond Manhattan. Michael D. Berman, most recently senior vice president and head of asset management at Gramercy Capital Corp., will oversee SPI’s 35 million square-foot portfolio and expansion efforts into markets such as Florida, Eastern Europe, Israel and China, with a specific focus on the company’s operating model.

“Silverstein has a long history of operation here in Manhattan and has gone through some growth,” Berman tells GlobeSt.com. “A natural progression of that is to add some more structure to the organization. They have begun to develop an asset management team, and my job is really to help build and refine the asset management group and help the operating platform work as efficiently as possible.”