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Israel Bonds Event at World Trade Center Touts Jewish State’s Economic Success

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Real estate mogul Larry Silverstein addresses the crowd at 7 World Trade Center.A mid-September special event at 7 World Trade Center – featuring famed developer and WTC owner Larry Silverstein – brought out a crowd of more than 200 young professionals to show their support for the Real Estate New Leadership Division of Israel Bonds.

In addition to reinforcing their belief in the importance of purchasing bonds to ensure the long-term financial vitality of the Jewish state, the audience learned first-hand about the unprecedented success of an Israeli company on the international market.

Welcoming the enthusiastic attendees, Silverstein informed them about the incredible accomplishment that has occurred with the rebuilding of the World Trade Center a little over a decade after the shocking terrorist attacks of September 11, 2001. The President and CEO of Silverstein Properties, Inc. said that the restoration of the WTC is being accomplished with the services of more than a half dozen of the world’s top architects and designers. Silverstein noted that all of the new structures are state-of-the-art and completely environmentally sustainable.

A long-time supporter and leader of Israel Bonds, Silverstein described the securities as “a hell of an investment, benefiting a forward-looking, innovative and miraculous nation.”

The crowd then heard from Erez Vigodman, the director of Makhteshim-Agan Industries Ltd., a major Israeli manufacturer of fertilizer and agricultural nutrients that entered into a partnership with Chinese investors and flourished beyond expectations. Vigodman fascinated his listeners with a thorough explanation of how the Israeli firm was able to succeed in this venture by understanding the intricacies of the international market and, in particular, the characteristics of Chinese financing and marketing.

“You have to have an open mind and be willing to defy dogma,” Vigodman declared, “in order to understand the challenges and pitfalls of such a gigantic undertaking.” As the business leader related, the Israeli manufacturer enjoys a special advantage – the quality of their agricultural products, which serve to help alleviate the world food shortage.

New York State Comptroller Thomas DiNapoli and New York City Comptroller John Liu greeted the pre-Rosh Hashanah gathering, and the two officials affirmed the soundness of investing in Israel Bonds. Both New York State and New York City hold millions of dollars in investments in Israel Bonds.

Israel Bonds President and CEO Izzy Tapoohi commented that the excellent attendance at the event indicated the great interest of newer generations in Israel’s economy and its investment possibilities. The gala evening was chaired by New York City real estate personality James Emden.

Silverstein Properties, Inc. is a Manhattan-based real estate development and investment firm that has developed, owned and managed 35 million square feet of office, residential and retail space. The firm currently has $10 billion worth of development activity in the pipeline.

In July 2001, Larry Silverstein completed the largest real estate transaction in New York 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. He is currently rebuilding the office component of the World Trade Center site, a $10-billion project that will consume the balance of his working life.

In May 2006, Silverstein Properties opened 7 World Trade Center, a 52-story, 1.7 million square foot office tower at 250 Greenwich Street, just north of the World Trade Center site. The building is almost fully leased to an eclectic group of tenants. In September of that same year, designs were unveiled for three new office towers on the site – 2, 3 and 4 World Trade Center – that will be developed by Silverstein Properties.

In 2008, Silverstein announced an agreement with Four Seasons Hotels and Resorts to operate a hotel and private residences within a new development in Downtown Manhattan. The 80-story building was designed by Robert A.M. Stern and, at 912 feet, will be among the tallest residential towers in New York City. Stern joins the roster of world-class architects – Santiago Calatrava, David Childs, Lord Norman Foster, Fumihiko Maki and Lord Richard Rogers – whose designs will transform the landscape of downtown Manhattan.

Larry Silverstein owns and manages some of the most successful and high-profile commercial properties in New York City, including 120 Broadway, 120 Wall Street, 529 Fifth Avenue and 570 Seventh Avenue. In 2007, Mr. Silverstein purchased two office buildings in partnership with the California State Teachers’ Retirement System: 575 Lexington Avenue and 1177 Avenue of the Americas.

In Midtown, Silverstein developed Silver Towers, two 60-story residential towers at 600 West 42nd Street, the companion to 1 River Place, a 40-story, 921-unit tower which opened in 2000.

Larry 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. He served as Vice Chairman of the New York University Board of Trustees and is the founder and Chairman Emeritus of the New York University Real Estate Institute. As a Professor of Real Estate, his “Silverstein Workshop” became one of the most attended and informative educational sources for learning real estate development and investment analysis.

Larry and Klara Silverstein have been married for more than fifty years and have three children, two of whom are executives at Silverstein Properties. Larry Silverstein contributes his time and resources to organizations that are dedicated to education and medical research, meeting humanitarian needs and supporting the arts.

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