Tishman Speyer

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:

• Rockefeller Center in Midtown Manhattan
• MetLife Building in Midtown Manhattan
• CitySpire Center in Midtown Manhattan
• The Franklin in Chicago
• 125 High Street in Boston
• One Federal Street in Boston

Some major developments include:

• The Spiral in Hudson Yards
• Mission Rock in San Francisco

• Official site website