Two of New York’s prominent real estate executives have started a venture to pursue development, buying and financing opportunities across the U.S. real estate market.
L&L Holding Co. Chairman and CEO David Levinson and former Silverstein Properties CEO Marty Burger, who in 2024 started his own real estate development and finance firm after 14 years as Silverstein’s leader, have unveiled their new venture, called L&L Infinite.
L&L Infinite will primarily focus on development projects in the New York metropolitan area and South Florida, while also seeking equity and debt investment opportunities nationwide, they said. The venture’s main office will be based at L&L Holding’s New York headquarters at 142 W. 57th St. while also having an office in West Palm Beach, a spokesperson for the developers told CoStar News.
The venture comes as commercial real estate deal volume is picking up in the industry. A recent Cushman & Wakefield study pointed to the U.S. sector entering the new year “with renewed momentum, clearer visibility and growing optimism across both leasing and the capital markets landscape.” Lenders and institutional capital have returned to the market, supporting a broad-based revival in deal activity, the brokerage said.
Burger will serve as CEO and president of L&L Infinite while Levinson will become chairman of the firm.
Levinson also will remain chairman and CEO of L&L Holding, which he co-founded in 2000 with Robert Lapidus. Together they completed famed projects such as 425 Park Ave., the first full-block tower to open in decades on Manhattan’s Park Avenue, and Wynwood Plaza, a new mixed-use campus in Miami. Lapidus remains as president and chief investment officer of L&L Holding, the spokesperson said.
The development and acquisitions of the new venture will be conducted through L&L Infinite while the debt strategies will be conducted through Infinite Global Capital Partners, a debt platform Burger started last year with Scott Chisholm, former president and chief investment officer of Greystone Commercial Capital. Chisholm will serve as a partner of the platform, which has already closed over $1 billion of transactions nationally.