Thursday, December 23, 2010

The 2010 Rockefeller Center Christmas tree will help build a Habitat for Humanity home in Newburgh, N.Y.

NEW YORK CITY – The Rockefeller Center Christmas Tree will be donated to Habitat for Humanity for the fourth consecutive year to help build a simple, decent and affordable home.

After the holiday season, the 78th annual Christmas Tree will be milled into lumber in Rockefeller Plaza. The lumber will be used for the framing of exterior walls of a home built by Habitat for Humanity of Greater Newburgh, located in the mid-Hudson Valley of New York, near the community of Mahopac where the tree grew.

“We are extremely pleased and grateful to Tishman Speyer for this donation,” said Marci Gurton, Director of Development, Habitat for Humanity of Greater Newburgh. “This lumber is so valuable because it will help a hard-working family in need of decent housing to own their own home. The special nature of this gift also raises awareness about the critical need for affordable housing in our community and the ongoing efforts for neighborhood revitalization.”

Habitat Newburgh focuses its work in the east end of the city, improving the area street-by-street by renovating abandoned houses and building new homes in partnership with low-income families. Newburgh is one of the most distressed urban areas in the country. To date, Habitat for Humanity of Greater Newburgh has built or rehabilitated 43 houses that 225 children and adults now call home and has added more than $8.3 million to assessed property values.

“The Rockefeller Center Christmas Tree is a symbol of the holiday season for millions of people across the country and around the world,” said Jonathan Reckford, CEO of Habitat for Humanity International. “Habitat for Humanity is both humbled and proud to have an ongoing role in this great tradition, and with the help of volunteers, we will see that the lumber is put to good use to bring hope to a family in the form of better housing.”

“We are delighted to donate the lumber from the Rockefeller Center Christmas Tree to Habitat for Humanity for the fourth consecutive year," said Thomas Madden, Managing Director, Tishman Speyer. "During the holiday season thousands of people from around the world come to visit Rockefeller Center to view the tree and we are proud to see this holiday symbol live on and continue to bring joy to a deserving family in Newburgh.”

Habitat used the 2007 Rockefeller Center Christmas tree lumber to help build a home in Pascagoula, Miss., in partnership with a Hurricane Katrina survivor. Lumber from the 2008 tree was used to help build shelving in a multi-unit building constructed by Habitat for Humanity – New York City. The 2009 Rockefeller Christmas tree lumber was used in the construction of a home in Stamford, Conn.

About Habitat for Humanity International
Habitat for Humanity International is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since its founding in 1976, Habitat has built, rehabilitated, repaired or improved more than 400,000 houses worldwide, providing simple, decent and affordable shelter for more than 2 million people. For more information, or to donate or volunteer, visit Habitat.org.

About Habitat for Humanity of Greater Newburgh
Habitat for Humanity of Greater Newburgh builds homes and community in Newburgh, New York, a small city on the Hudson River about 60 miles north of New York City. Habitat Newburgh is dedicated to providing decent, affordable housing in partnership with local, hard-working families in need. Reaching across religious, cultural, and racial boundaries, we seek to restore a sense of community with the common goal of strong neighborhoods and dignity through homeownership.

About Tishman Speyer
Tishman Speyer is the co-owner and manager of Rockefeller Center, the world-famous real estate, shopping and dining complex in the heart of midtown Manhattan. Rockefeller Center is the site of numerous public exhibits and events, including large-scale installations of public art by world-renowned artists including Takashi Murakami, Jeff Koons and Jonathan Borofsky. Tishman Speyer has earned a worldwide reputation for innovative utilization of public art in its signature commercial properties, which include Rockefeller Center and Chrysler Center. Tishman Speyer is committed to the preservation and restoration of Rockefeller Center and the historic Top of the Rock Observation Deck at Rockefeller Center, one of New York’s top attractions. Each day an estimated 350,000 people visit the Rockefeller Plaza complex, which during the holidays is home to the most famous Christmas Tree in the world.

Monday, December 20, 2010

Tishman Speyer Completes Sale of Major Frankfurt Office Tower

The 42-story, 720,000-square-foot tower anchors Frankfurt’s financial district and is over 95 percent leased, serving world-class tenants such as UBS AG, Allen & Overy LLP, Ashurst LLP, K&L Gates LLP, BlackRock, 3i and Cerberus

PRLog (Press Release)Dec 20, 2010 – Frankfurt, Germany – Leading global real estate development and investment firm Tishman Speyer recently announced the sale of the OpernTurm, a new landmark office tower in downtown Frankfurt that it completed in 2009. The sale, on behalf of the firm’s partnership with UBS, marks the completion of a high-profile development project brought to the market and successfully leased during extremely difficult economic conditions.

After acquiring the site that formerly had been the local headquarters for Zurich Financial in 2004, Tishman Speyer (http://www.tishmanspeyer.com/properties/Country.aspx?id=8) began construction of the building in 2006. Today, the 42-story, 720,000-square-foot tower anchors Frankfurt’s financial district and is over 95 percent leased, serving world-class tenants such as UBS AG, Allen & Overy LLP, Ashurst LLP, K&L Gates LLP, BlackRock, 3i and Cerberus.

“This sale completes our successful Opernturm investment, and we are pleased to see this great building pass into the hands of prominent international investors JP Morgan and GIC,” said Tishman Speyer Co-CEOs Jerry Speyer and Rob Speyer (http://www.tishmanspeyer.com/about/team.aspx). “It marks another chapter of Tishman Speyer’s successful history in the Frankfurt office market, which began over 20 years ago with the development of MesseTurm. As Frankfurt is such an important European financial center, we look forward to continued engagement there.”

About Tishman Speyer

Tishman Speyer (http://tishmanspeyer.wordpress.com) 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.

Tishman Speyer Acquires Cap de Seine Building in Paris

Cap de Seine is located on the Seine river bank in Ivry-sur-Seine, a southeastern inner suburb of Paris, and marks the continued growth of Tishman Speyer’s Paris portfolio

PRLog (Press Release)Dec 20, 2010 – New York, NY – Tishman Speyer recently announced the acquisition of the Cap De Seine Building in Paris, thereby expanding its European portfolio and presence in Paris. The 327,000 square foot building, which was completed in 2004, is located on the Seine river bank in Ivry-sur-Seine, a southeastern inner suburb of Paris. The off-market transaction is Tishman Speyer’s second acquisition in Paris this year.

The Cap De Seine property holds a solid tenant base that includes financial firms Credit Foncier de France and Stanley Solutions de Securite, healthcare companies PPD France and the French health insurance office, and IT solutions company AGFA.

Tishman Speyer Senior Managing Director Michael Spies said, “Cap de Seine occupies a great location along the Seine in Ivry-sure-Seine, an emerging submarket that is poised to benefit from tightening space availability in the city’s central business district. The acquisition marks the continued growth of our Paris portfolio (http://www.tishmanspeyer.com/properties/Municipality.asp …), which now exceeds 3.5 million square feet, within a European portfolio exceeding 8.5 million square feet. And as our Paris portfolio grows, we continue to look at other European cities for additional opportunities that may arise.”

About Tishman Speyer

Tishman Speyer (http://www.tishmanspeyer.com) 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.

Friday, December 17, 2010

Tishman Speyer Acquires Trophy Office Tower in Chicago

The LEED CS-Gold certified, 46-story, 1,184,000-square-foot Class A building in Chicago’s River North submarket offers first-class on-site and nearby amenities.

PRLog (Press Release)
Dec 17, 2010 – Chicago, IL – Tishman Speyer recently announced the acquisition of 353 N. Clark, a trophy-quality office tower in Chicago’s River North submarket. Financial terms were not disclosed.Designed by architect Dirk Lohan of Lohan Anderson, the 46-story, 1,184,000-square-foot Class A building offers breathtaking views along with first-class on-site and nearby amenities. The building is LEED CS-Gold certified (http://www.tishmanspeyer.com/capabilities/su/newbldg.aspx) and was developed by Mesirow Financial Real Estate. Its largest tenants are Mesirow Financial and Jenner & Block.

“As the city’s largest owner of Class A office buildings, Tishman Speyer is well positioned to take advantage of market demand for the highest-quality space in Chicago. This property is a great addition to our world-class office portfolio and the acquisition demonstrates our confidence in the Chicago market,” said Senior Managing Director Casey Wold.

About Tishman Speyer

Tishman Speyer (http://www.tishmanspeyer.com) 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.