Tishman Speyer Properties
| Tishman Speyer Properties | |
|---|---|
| legal form | GmbH (German subsidiary) |
| founding | 1978 |
| Seat | 45 Rockefeller Plaza New York City United States 
|
| management |
|
| Number of employees | 1,200 |
| Branch | property |
| Website |
 de.tishmanspeyer.com tishmanspeyer.com
|
| As of November 23, 2018 | |
Tishman Speyer Properties is an American real estate company founded in 1978 by Robert Tishman (1916-2010) and his son-in-law Jerry I. Speyer (* 1940). Despite the similar name, the company is not identical to the US building construction company Tishman Construction .
Companies
The company employs around 1,200 people. The company's headquarters are in New York City . Properties held by Tishman Speyer are located in London , Madrid , Milan , New York City and São Paulo . The German subsidiary owns (as of 2016) real estate in Berlin and Frankfurt am Main .
Tishman Speyer Properties is one of the leading international property owners, planning and management companies. Since its inception, more than 700,000 square meters of space have been managed in many metropolises around the world. The company hit the headlines because a major project in New York had failed: the conversion of Stuyvesant Town (Peter Cooper Village) into condominiums. The settlements were acquired by Tishman Speyer for 5.4 billion US dollars, but were ultimately handed over to the creditors.
Well-known administrative buildings are the Chrysler Building in New York, the Rockefeller Center and the CitySpire Center , as well as the North Tower in São Paulo , Brazil, and at times the Millbank Tower in London.
A more recent project in London is the redevelopment of the Fleetway House, now known as Nexus Place. Nexus Place was bought in 2007 and heavily expanded and remodeled. The Lipstick Building in New York was purchased by Tishman Speyer together with other investors in 2004 and sold again in 2007 for $ 650 million.
Since 2005, Tishman Speyer has been involved in three of the largest real estate deals in US history:
- the purchase of 666 Fifth Avenue for $ 1.8 billion, the largest single property purchase in US history
- the purchase of the MetLife Building for 1.72 billion US dollars, which was the previous price record for a single property
- the purchase of Stuyvesant Town and Peter Cooper Village for $ 5.4 billion; both settlements comprise 110 buildings with 11,200 apartments. Again, this was the largest single buyer and seller real estate deal in US history. In January 2010 this project failed.
Germany
In 1994 Tishman Speyer was commissioned by the Sony Corporation to develop the Sony Center in Berlin-Mitte .
Tishman Speyer's largest real estate properties in Frankfurt am Main include:
- Exhibition tower
- Opera tower
- Taunusturm
- Deutsche Bank Campus
- Omniturm (Große Gallusstrasse 16-18)
- Office building at the Alte Oper
- Junghof
Between 2006 and 2015, the Elisenhof in Munich, a shopping center, belonged to Tishman Speyer.
Prizes and awards
- 2004 Henry C. Turner Prize for Innovation in Construction Technology from the National Building Museum
Others
The private fortune of the company co-founder Jerry I. Speyer is given by Forbes in November 2018 at 4 billion US dollars , which makes him the 179th richest American.
See also
Web links
- Megadeal: Inside a Real Estate Coup A December 31, 2006, New York Times article about the Stuyvesant and Cooper Village purchase
- Most expensive real estate deal in the USA is about to burst, in Spiegel, ......
- Matthias Streitz: Monopoly Deal Investor buys New York neighborhoods for 5.4 billion , in: SPIEGEL-Online October 18, 2006
Individual evidence
- ^ Tishman Speyer Properties: Firm: Executives ( en ) Retrieved November 23, 2018.
- ↑ a b Tishman Speyer Properties: About the Organization ( en ) Retrieved November 23, 2018.
- ^ Tishman Speyer buys the Philip Johnson House. In: Berliner Morgenpost , September 6, 2006.
- ↑ commerzreal.com (PDF; 206 kB) ( Memento of the original dated December 3, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ^ Huge Housing Complex returned to Creditors
- ↑ http://nreionline.com/property/office/real_estate_tishman_speyer_buy
- ↑ http://observer.com/2007/07/lipstick-building-sells-for-6485-m/
- ^ Official Tishman description
- ↑ http://www.huffingtonpost.com/2010/01/26/tishman-speyer-sends-brea_n_437722.html
- ^ Tishman Speyer Properties: Real Estate: Sony Center . Retrieved November 23, 2018.
- ↑ AXA buys Elisenhof in Munich from Tishman Speyer, report at Thomas Daily, May 11, 2015, accessed October 4, 2016
- ^ Forbes : Profile: Jerry Speyer . Retrieved November 23, 2018.
