 | |
| Type | Privately held company |
|---|---|
| Industry | Real estate |
| Founded | 1978 |
| Founder | Jerry Speyer Robert Tishman |
| Headquarters | , United States |
Area served | London, Madrid, Milan, New York City, Sao Paulo |
Key people | Jerry Speyer, Chief executive officer Rob Speyer, President Joseph Doran, CFO [1] |
| Services | Land development Property management Fund management |
Number of employees | 3000 |
| Website | tishmanspeyer |
Tishman Speyer Properties is an American company that invests in real estate.
The firm was founded in 1978 by Robert Tishman and Jerry Speyer. [2]
In March 1988, the company announced its first project in Europe, the construction of a 70-story tower in Frankfurt, Germany, the Messeturm, the tallest tower in Western Europe. [3]
In May 1988, the company acquired the headquarters of J. C. Penney for $350 million in partnership with Trammell Crow Real Estate Investors. [4]
In 1996, the company entered into a joint venture to construct a $175 million, 36-story office building in Sao Paulo, Brazil. [5]
In 1998, in partnership with The Travelers Companies, the company paid $230 million to acquire the mortgage secured by the Chrysler Building from Fuji Bank. [6]
In 2000, in partnership with Lester Crown, the company acquired Rockefeller Center for $1.85 billion. [7] [8]
In 2002, the company sold Millbank Tower for £115 million. [9]
In 2005, the company acquired the MetLife Building for $1.72 billion. [10] [11]
In 2006, the company acquired Stuyvesant Town in partnership with BlackRock. [12] In 2010, the property was surrendered to its lenders. [13]
In December 2006, the company sold 666 Fifth Avenue for $1.8 billion to Kushner Companies. [14]
In 2007, the company began development of a new Yankee Stadium. [15]
In September 2007, the company bought a 6.6 million square foot office portfolio in Chicago from The Blackstone Group for $1.8 billion. [16]
In 2008, a joint venture between the company and German investors sold a 90% interest in the Chrysler Building to the government of Abu Dhabi, with the company retaining a 10% interest and the management rights of the building. [17]
In October 2010, co-founder Robert Tishman died. [18]
In November 2010, the company acquired an office tower in Chicago for $380 million, which was less than the cost of constructing the tower. [19]
In August 2013, the company acquired 190 South LaSalle, an 800,000 square foot office tower in Chicago, from CBRE Group Global Investors for $211 million. [20]
In September 2013, the company formed a joint venture to develop a 3 million square foot mixed-use project in Shanghai. [21]
In 2015, the company received a $1.4 billion loan on the MetLife Building and the property was appraised at $3 billion. [22]
In 2016, the company acquired the CNN Building, an office tower in Los Angeles for $127 million. [23]
In 2020, according to an announcement by the New York firm, TST, also known as Tin's Secret, bought Tower 2 at Tishman Speyer's Crystal Plaza project in Pudong, charging the equivalent of RMB 68,445 per square meter for a land of 26,305 square meters (283,145 square feet). [24] In July 2020, Tishman Speyer recruited Gary Rodney to occupy the new position of the New York-based firm's managing director of affordable housing. [25]
In January 2021, TS Innovation Acquisitions Corp., a blank-check vehicle sponsored by Tishman Speyer, merged with the smart-lock and building-management software startup Latch Inc., valuing the combined company at $1.56 billion and injecting around $450 million into the startup. Latch joined the Nasdaq with the ticker symbol LTCH. As sponsor of TS Innovation Acquisitions Corp., Tishman Speyer was reported to receive a stake of approximately 4% in Latch, worth around $60 million at the time of the deal's closing. [26]
Some of the properties that Tishman Speyer owns and operates include:
Some major developments include:
The Chrysler Building is an Art Deco skyscraper in the Turtle Bay neighborhood on the East Side of Manhattan, New York City, at the intersection of 42nd Street and Lexington Avenue in Midtown Manhattan. At 1,046 feet (319 m), it is the tallest brick building in the world with a steel framework, and was the world's tallest building for 11 months after its completion in 1930. As of 2019, the Chrysler is the 11th-tallest building in the city, tied with The New York Times Building.
The MetLife Building is a skyscraper at Park Avenue and 45th Street, north of Grand Central Terminal, in the Midtown Manhattan neighborhood of New York City. Designed in the International style by Richard Roth, Walter Gropius, and Pietro Belluschi and completed in 1962, the MetLife Building is 808 feet (246 m) tall with 59 stories. It was advertised as the world's largest commercial office space by square footage at its opening, with 2.4 million square feet (220,000 m2) of usable office space. As of 2021, the MetLife Building remains one of the 100 tallest buildings in the United States.
Stuyvesant Town–Peter Cooper Village, sometimes shortened to StuyTown, is a large post–World War II private residential development on the east side of the New York City borough of Manhattan. The complex consists of 110 red brick apartment buildings on an 80-acre (32 ha) tract stretching from First Avenue to Avenue C, between 14th and 23rd Streets. Stuyvesant Town–Peter Cooper Village is split up into two parts: Stuyvesant Town, south of 20th Street, and Peter Cooper Village, north of 20th Street. Together, the two developments contain 11,250 apartments.
The Bank of America Tower, also known as 1 Bryant Park, is a 55-story skyscraper in the Midtown Manhattan neighborhood of New York City. It is located at 1111 Avenue of the Americas between 42nd and 43rd Streets, diagonally opposite Bryant Park. The building was designed by Cookfox and Adamson Associates, and it was developed by the Durst Organization for Bank of America. With a height of 1,200 feet (370 m), the Bank of America Tower is the eighth tallest building in New York City and the tenth tallest building in the United States as of 2021.
Hudson Yards is a neighborhood on the West Side of Midtown Manhattan, bounded roughly by 30th Street in the south, 41st Street in the north, the West Side Highway in the west, and Eighth Avenue in the east. The area is the site of a large-scale redevelopment program that is being planned, funded, and constructed under a set of agreements among the State of New York, City of New York, and Metropolitan Transportation Authority (MTA), with the aim of expanding the Midtown Manhattan business district westward to the Hudson River. The program includes a major rezoning of the Far West Side, an extension of the New York City Subway's 7 and <7> trains to a new subway station at 34th Street and 11th Avenue, a renovation and expansion of the Javits Center, and a financing plan to fund the various components. The various components are being planned by New York City Department of City Planning and New York City Economic Development Corporation.
The building form most closely associated with New York City is the skyscraper, which has shifted many commercial and residential districts from low-rise to high-rise. Surrounded mostly by water, the city has amassed one of the largest and most varied collection of skyscrapers in the world.
The New York Times Building is a 52-story skyscraper at 620 Eighth Avenue, between 40th and 41st Streets, on the west side of Midtown Manhattan in New York City. Its chief tenant is The New York Times Company, publisher of The New York Times. The building is 1,046 ft (318.8 m) tall to its pinnacle, with a roof height of 748 ft (228 m). Designed by Renzo Piano and Fox & Fowle, the building was developed by the New York Times Company, Forest City Ratner, and ING Real Estate. The interiors are divided into separate ownership units, with the Times Company operating the lower office floors and Brookfield Properties operating the upper floors. As of 2018, the New York Times Building is tied with the Chrysler Building as the eleventh-tallest building in the city.
Tishman Realty & Construction Co., Inc. is an American corporation founded in 1898 that owns and develops real estate. The company is known for being the contractor that built the original World Trade Center in New York City. Tishman Construction Corporation, the construction division of the company, was sold to AECOM in 2010.
660 Fifth Avenue is a 41-story office building on the west side of Fifth Avenue between 52nd and 53rd Streets in the Midtown Manhattan neighborhood of New York City. The office tower was designed by Carson & Lundin and built for its developer Tishman Realty and Construction from 1955 to 1957.
Argent Ventures, LLC. is a privately held real estate company based in New York City that most notably owned the land under Grand Central Terminal and the land around 156 miles (251 km) of Metro-North Railroad railway tracks in the New York City metropolitan area from 1994 to 2018.
Robert Valentine Tishman was an American real estate developer who had been head of the family-owned firm Tishman Realty & Construction until it was disestablished in 1977, and was one of the two founding partners of Tishman Speyer, which was formed in 1978 and became one of the largest owners and builders of office buildings in the United States.
1166 Avenue of the Americas is a 600-foot-tall (180 m) tall office building at 1166 Sixth Avenue in the Midtown Manhattan neighborhood of New York City. It was completed in 1974 and has 44 floors totaling approximately 1.7 million square feet. Skidmore, Owings & Merrill designed the building. It is the headquarters of the Marsh & McLennan Companies, Penton, D. E. Shaw & Co., William Blair & Company, 5W Public Relations, FTI Consulting and Huron Consulting Group are also tenants.
The Salmon Tower Building is a 31-story skyscraper located at 11 West 42nd Street and 20 West 43rd Street in Manhattan, New York City, near Bryant Park. It was designed by Albert J. Wilcox and finished in 1928. It was developed by a firm headed by Walter J. Salmon Sr. Directly to the west of the Salmon Tower Building is the former Aeolian Building, and to its east is 500 Fifth Avenue, also built by Salmon Sr.
Hines Interests Limited Partnership is a privately held company that invests in and develops real estate.
David Bistricer is a New York-based real estate developer and the founder and principal of Clipper Equity. His firm focuses on the conversion of non-residential buildings to residential uses. One of Bistricer's latest ventures, in partnership with Chetrit Group, is the transformation of the shuttered four-building Cabrini Medical Center at 220 and 230 East 20th Street and 215 and 225 East 19th Street into a residential a condo project, Gramercy Square, with 223 units. The Woods Bagot-designed development features a different style for each property: a modern, a prewar, a boutique and a tower building. It also has about 38,000 square feet of amenities including a 75' sky-lit pool, a gym, a theater, a meditation room exclusively programmed by MNDFL and a wine cellar. And there's ample green space with a courtyard, a greenhouse and landscaping around the buildings.
One Vanderbilt is a 93-story supertall skyscraper at the corner of 42nd Street and Vanderbilt Avenue in the Midtown Manhattan neighborhood of New York City. Designed by Kohn Pedersen Fox, the building was proposed by developer SL Green Realty as part of a planned Midtown East rezoning in the early 2010s. The skyscraper's roof is 1,301 feet (397 m) high and its spire is 1,401 feet (427 m) above ground, making it the city's fourth-tallest building after One World Trade Center, Central Park Tower, and 111 West 57th Street.
The Spiral, also known as 66 Hudson Boulevard, is a 66-floor skyscraper under construction in Hudson Yards, Manhattan, New York City. The project was announced in 2016 by real estate developer Tishman Speyer as a 1,041-foot (317 m) skyscraper with 2.85 million square feet (265,000 m2) and 66 floors. The tower is being designed by Danish architectural firm Bjarke Ingels Group, which also designed the nearby West 57.
Brookfield Property Partners L.P. is a global commercial real estate firm that is a publicly traded limited partnership and a subsidiary of Brookfield Asset Management, an alternative asset management company. Its portfolio includes properties in the office, multi-family residential, retail, hospitality, and logistics industries throughout North America, Europe, and Australia. Its subsidiary Brookfield Properties is responsible for the management of these facilities.
Hudson Yards is a 28-acre (11 ha) real estate development in the Hudson Yards area of Manhattan, New York City, between the Chelsea and Hell's Kitchen neighborhoods. Upon completion, 13 of the 16 planned structures on the West Side of Midtown South would sit on a platform built over the West Side Yard, a storage yard for Long Island Rail Road trains. The first of its two phases, opened in 2019, comprises a public green space and eight structures that contain residences, a hotel, office buildings, a mall, and a cultural facility. The second phase, on which construction had not started as of 2021, will include residential space, an office building, and a school.
5 Times Square is a 38-story office skyscraper at the southern end of Times Square in the Midtown Manhattan neighborhood of New York City. Located on the western sidewalk of Seventh Avenue between 41st and 42nd Street, the building measures 575 feet (175 m) tall. The building was designed by Kohn Pedersen Fox Associates (KPF) and developed by Boston Properties for Ernst & Young (EY). The site is owned by the New York City Economic Development Corporation, though David Werner and RXR Realty have a long-term leasehold on the building.
| General | |
|---|---|
| National libraries | |
