SILVERSTEIN

After the Casino Setback: What Really Remains in MB

After the casino route failed, MB still retains real estate optionality but no closed execution path. The $28.5 million one-off income came from recognizing forfeited advances, while the $12.9 million inventory write-down shows that the land itself still has not secured fresh ec…

Follow-up

Consolidated Cash vs. Solo Cash: What Silverstein's Real Debt Map Looks Like Into 2026

Silverstein's real bottleneck sits at issuer cash rather than consolidated cash: year-end 2025 showed $189.1 million of consolidated cash but only $4.605 million of solo cash against $98.7 million of Series B principal due on December 31, 2026 and nearly the same amount again on…

Follow-up

7 World Trade Center After Moody's: How Much of the Value Still Rests on Re-Leasing and the Ground-Lease Reset

The 7 World Trade Center leasehold value already assumes Moody's fully vacates in November 2027, but even after the move to $1.26 billion it still depends on four unproven links: re-leasing nearly half the building within 18 months, absorbing the ground-rent reset, preserving th…

Silverstein Properties 2025: Residential Holds the Floor, but the Real Test Still Sits at 7 World Trade Center

Silverstein ended 2025 with better reported numbers, but the core thesis did not change: residential stabilizes the platform, while value realization and liquidity still depend on issuer-level refinancing and credible re-leasing at 7 World Trade Center.