Tuesday, March 31, 2015
Steven Spinola looks back on his nearly 30 years as REBNY leader
Click the link below to watch Real Estate Board of New York President, Steven Spinola, discuss NYC's current dilemma with affordable housing and look back on his career: http://www.cityandstateny.com/27/28/30/steven-spinola-on-421-a.html#.VRq8F1wk_dn
Tuesday, May 8, 2012
Tishman Closes Fund for $190M China Project
Tishman Speyer has closed a $190 million fund for the development of a 1.2-million-square-foot mixed-use property here. Tishman will be the developer, and Hwaboa Trust, a trust company in China, is a cornerstone investor in the fund.
The two-tower-project will feature both commercial office and retail space, along with high-priced multifamily units. The project site is at the Suzhou Industrial Park in the city’s CBD, along the west bank of Golden Rooster Lake, connected to a new major subway line.
A Tishman spokesman tells GlobeSt.com that this is the first time such a fund has been raised with all Chinese investors by a non-Chinese developer (Tishman). “The establishment of this fund is a watershed event in the evolution of China’s capital markets,” said Tishman co-CEOs Jerry Speyer and Rob Speyer in a statement.
Noah Holdings Ltd. serves as the fund’s exclusive financial advisor.
Full story is here.
Tuesday, April 3, 2012
Rob Speyer: Juggling a Global Office Portfolio
Following new deals in Frankfurt and Paris, in January Tishman Speyer acquired Eland House, a London office building, for more than $300 million. With financing for deals in Europe increasingly hard to come by, the move is a bold assertion of the investment firm’s faith in the durability and long-term value of Europe’s financial capitals.
Full article and Rob Speyer interview is here.
Full article and Rob Speyer interview is here.
Tuesday, December 13, 2011
Lawyers Division Honors Musoff, Mechanic
At the sold-out UJA-Federation of New York's Lawyer's Division Annual Event, Jonathan L. Mechanic of Fried, Frank and Scott D. Musoff of Skadden, Arps, Slate, Meagher & Flom LLP were honored by more than 630 of their peers in the legal and real estate community.
The attendees raised more than $1.6 million for UJA-Federation's annual campaign to address the issues that matter to them most as Jews and New Yorkers.
Jonathan L. Mechanic received the Judge Joseph M. Proskauer Award, presented by Robert Speyer, president and co-CEO of Tishman Speyer Properties.
The Proskauer Award is UJA-Federation's most prestigious award given to a member of the legal community. Since 1959, this honor has been given annually to an individual who is committed to philanthropy and whose conduct and service exemplify the highest ideals of the law. In addition to Mechanic's professional achievements, he is a longtime supporter and contributor to UJA-Federation of New York. He is the first real estate lawyer to receive this honor.
UJA-Federation also honored Scott D. Musoff, an emerging leader in the legal community, with the James H. Fogelson Young Leadership Award. Musoff received this award, presented by Jay B. Kasner of Skadden, Arps, Slate, Meagher & Flom, for his deep commitment to the Jewish community, service to UJA-Federation, and dedication to Jewish communal leadership.
In the spirit of Joseph M. Proskauer and helping those in need, participants chose to forgo their dinner, donating hot meals to feed those in need at area agencies this holiday season. The four agencies receiving these meals, all beneficiary agencies of UJA-Federation, include the Bronx Jewish Community Council, Jewish Community Council of Canarsie, Project ORE of the Educational Alliance, and Selfhelp Community Services.
The event did include hors d'oeuvres, cocktails, and a dessert reception and after-hours party hosted by the Lawyers Division's Emerging Leaders & Philanthropist.
The attendees raised more than $1.6 million for UJA-Federation's annual campaign to address the issues that matter to them most as Jews and New Yorkers.
Jonathan L. Mechanic received the Judge Joseph M. Proskauer Award, presented by Robert Speyer, president and co-CEO of Tishman Speyer Properties.
The Proskauer Award is UJA-Federation's most prestigious award given to a member of the legal community. Since 1959, this honor has been given annually to an individual who is committed to philanthropy and whose conduct and service exemplify the highest ideals of the law. In addition to Mechanic's professional achievements, he is a longtime supporter and contributor to UJA-Federation of New York. He is the first real estate lawyer to receive this honor.
UJA-Federation also honored Scott D. Musoff, an emerging leader in the legal community, with the James H. Fogelson Young Leadership Award. Musoff received this award, presented by Jay B. Kasner of Skadden, Arps, Slate, Meagher & Flom, for his deep commitment to the Jewish community, service to UJA-Federation, and dedication to Jewish communal leadership.
In the spirit of Joseph M. Proskauer and helping those in need, participants chose to forgo their dinner, donating hot meals to feed those in need at area agencies this holiday season. The four agencies receiving these meals, all beneficiary agencies of UJA-Federation, include the Bronx Jewish Community Council, Jewish Community Council of Canarsie, Project ORE of the Educational Alliance, and Selfhelp Community Services.
The event did include hors d'oeuvres, cocktails, and a dessert reception and after-hours party hosted by the Lawyers Division's Emerging Leaders & Philanthropist.
Friday, December 9, 2011
Rob Speyer at the Rockefeller Center Christmas Tree Lighting Ceremony
Mayor Michael Bloomberg and Tishman Speyer CEOs Jerry I. Speyer and Rob Speyer flip the switch to turn on the 30,000 LED lights on the Rockefeller Center Christmas tree.
Wednesday, December 7, 2011
Rob Speyer Attends Rockefeller Center 79th Annual Christmas Tree Lighting Celebration
At 8:58 p.m. Wednesday November 30th evening, Mayor Michael R. Bloomberg and Jerry I. and Rob Speyer, CEOs of Tishman Speyer and co-owner of Rockefeller Center, flipped the switch to light the Rockefeller Center Christmas. Standing 74-feet tall at 10-tons, the 75 year old Norway Spruce glistened as a newly enhanced Swarovski crystal star rested at the top.
Wednesday, August 10, 2011
Tishman Speyer Announces Record-Breaking Lease in Paris
With the newly acquired lease of Lumiere, the largest privately owned office building in Paris, occupancy rate of Tishman Speyer's entire 10-building Paris portfolio is nearly 100 percent.
Paris, France (PRWEB) August 10, 2011
Tishman Speyer today announced the largest lease transaction ever completed in the city of Paris. The French Ministry of the Interior has agreed to lease 38,000 square meters – approximately 400,000 square feet -- at Lumière, which is the largest privately owned office building in Paris. The Ministry is expected to take occupancy in late 2012.
The property is owned within Tishman Speyer's European Strategic Office Fund (ESOF), which controls office assets in several major European cities. With this new transaction, the occupancy rate of Tishman Speyer's entire 10-building Paris portfolio, totaling approximately 350.000 square meters (3.75 million square feet), is nearly 100 percent.
Lumière is located at 40, avenue des Terroirs de France in the 12th District, close to the 14 hectares park of Bercy. The area, part of the Eastern business district of Paris, is an established office market with excellent road and metro access, allowing access to the center of the city in 10 minutes. Built in 1992, the property consists of seven floors above the two-story lobby level, branched into two wings from an impressive atrium. Each wing has a separately configured building at each end. Existing tenants include Natixis, SNCF, ING Direct, and Société Générale. The Ministry’s space will include a private auditorium and a nursery.
“Over the past 14 years, we have been able to develop and acquire many of the best office properties in the best locations in major European cities,” said Tishman Speyer Co-CEOs Jerry Speyer and Rob Speyer. “By building such a portfolio and managing it well, we are able to attract the highest quality tenants, as evidenced by this transaction.”
Senior Managing Director Michael Spies, head of the firm’s European operations, added, “Lumière has proven to be an ideal investment for our European Strategic Office Fund, and our local team has done a fantastic job in managing this asset to its full potential. Given its local prominence and superb location in the Paris office market, we anticipate that the property will continue to benefit from strong tenant demand.”
“Especially considering the current challenges in the marketplace, we are very pleased that Lumiere is now fully leased with high-credit quality tenants,” said Bernard Penaud, senior managing director and head of Tishman Speyer’s operations in France. “The Ministry is a great addition, and we look forward to serving its office needs going forward.”
About Tishman Speyer (http://www.tishmanspeyer.com)
Tishman Speyer is one of the leading developers, owners, operators, and asset managers of first class real estate worldwide. Active across North America, Europe, South America, and Asia, many of the world’s most prestigious corporations rely on Tishman Speyer to meet their office space needs. Since its founding in 1978, the firm has acquired, developed and/ or managed a portfolio of over 116 million sq. ft. valued at over USD $50.2 billion. Signature assets include New York’s Rockefeller Center and the Chrysler Center, Frankfurt’s MesseTurm and Opernturm, Sao Paulo’s Torre Norte, and Ventura Corporate Towers in Rio de Janeiro. Tishman Speyer has projects in different stages of development in Shanghai, Chengdu and Tianjin.
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Paris, France (PRWEB) August 10, 2011
Tishman Speyer today announced the largest lease transaction ever completed in the city of Paris. The French Ministry of the Interior has agreed to lease 38,000 square meters – approximately 400,000 square feet -- at Lumière, which is the largest privately owned office building in Paris. The Ministry is expected to take occupancy in late 2012.
The property is owned within Tishman Speyer's European Strategic Office Fund (ESOF), which controls office assets in several major European cities. With this new transaction, the occupancy rate of Tishman Speyer's entire 10-building Paris portfolio, totaling approximately 350.000 square meters (3.75 million square feet), is nearly 100 percent.
Lumière is located at 40, avenue des Terroirs de France in the 12th District, close to the 14 hectares park of Bercy. The area, part of the Eastern business district of Paris, is an established office market with excellent road and metro access, allowing access to the center of the city in 10 minutes. Built in 1992, the property consists of seven floors above the two-story lobby level, branched into two wings from an impressive atrium. Each wing has a separately configured building at each end. Existing tenants include Natixis, SNCF, ING Direct, and Société Générale. The Ministry’s space will include a private auditorium and a nursery.
“Over the past 14 years, we have been able to develop and acquire many of the best office properties in the best locations in major European cities,” said Tishman Speyer Co-CEOs Jerry Speyer and Rob Speyer. “By building such a portfolio and managing it well, we are able to attract the highest quality tenants, as evidenced by this transaction.”
Senior Managing Director Michael Spies, head of the firm’s European operations, added, “Lumière has proven to be an ideal investment for our European Strategic Office Fund, and our local team has done a fantastic job in managing this asset to its full potential. Given its local prominence and superb location in the Paris office market, we anticipate that the property will continue to benefit from strong tenant demand.”
“Especially considering the current challenges in the marketplace, we are very pleased that Lumiere is now fully leased with high-credit quality tenants,” said Bernard Penaud, senior managing director and head of Tishman Speyer’s operations in France. “The Ministry is a great addition, and we look forward to serving its office needs going forward.”
About Tishman Speyer (http://www.tishmanspeyer.com)
Tishman Speyer is one of the leading developers, owners, operators, and asset managers of first class real estate worldwide. Active across North America, Europe, South America, and Asia, many of the world’s most prestigious corporations rely on Tishman Speyer to meet their office space needs. Since its founding in 1978, the firm has acquired, developed and/ or managed a portfolio of over 116 million sq. ft. valued at over USD $50.2 billion. Signature assets include New York’s Rockefeller Center and the Chrysler Center, Frankfurt’s MesseTurm and Opernturm, Sao Paulo’s Torre Norte, and Ventura Corporate Towers in Rio de Janeiro. Tishman Speyer has projects in different stages of development in Shanghai, Chengdu and Tianjin.
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