The New York Observer » tishman speyer

Walking the REBNY Ballroom: Hungry Brokers, Angry Lapidus

Speeches were casually ignored, drinks were spilled and bonds were formed at last Thursday’s 116th annual Real Estate Board of New York Gala, which this year drew an estimated 2,000 brokers, owners, advertising buyers and real estate reporters to the New York Hilton for an evening of conviviality, honorifics and hushed deal making. Among the fray was Commercial Observer staff writer Daniel Geiger, who during the course of the evening saw his stenopad tossed by an irate real estate broker and who unabashedly accosted Studley’s Woody Heller in the hotel’s bathroom, all for the sake of the story. Below, a timeline of gala comings and goings, from the innocuous gossip down to the downright obnoxious. Read More

European Union Seeks Midtown Space

The European Union is poking around midtown’s east side for space and is in talks to do a roughly 50,000 square foot deal at 666 Third Avenue, several sources told The Commercial Observer.

The lease at 666 Third Avenue is not yet done, but a person close to the EU said the organization is considering two floors at the building.
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Lazard Takes More of 30 Rock

Already among Manhattan's top tenants, in terms of space, Lazard, the financial advisory and asset management firm, has renewed its lease at Rockefeller Center, taking an additional 60,000 square feet. The 21-year renewal lease with Tishman Speyer for office space at 30 Rockefeller Plaza will bring the firm's total square footage to a whopping 430,000 Read More

Madoff Treasure Hunters Scavenging

Tishman Speyer and a major law firm are sharpening their skates for yet another high-stakes renewal duet at Rockefeller Center.
Baker Hostetler, the world's 85th-largest law firm, which represented Bernie Madoff's victims in their search for lost treasure, now occupies 100,000 square feet at 45 Rockefeller Plaza. But with its leases expiring in 2012, Read More

Suite Jesus! Church Sells Rock Center Rights for $165 M.

From the religious heart of the city to a center of commerce hung with Christmas bulbs, Rockefeller Center's transformation is nearly complete.
An entity affiliated with a long-extinct church, St. Nicholas Collegiate Church, has sold the land rights to its former Rock Center site at 600 Fifth Avenue to Tishman Speyer for $165 million, according to public Read More

The Greatest Story Ever Built: Times‘ Bagli to Chronicle Stuy Town Debacle

Charles Bagli has been covering the epic real estate battles of New York City for nearly a quarter of a century. From his perch at The Times, and before that The Observer, Bagli has written about everything from the demise of the Helmsley Empire to the rise of Riverside South, from the Read More

30 Rock Premiere! South African Retailer Opening This Fall

30 Rockefeller Plaza

Alec Baldwin might be leaving the hit television show 30 Rock in 2012, but at least the building will have Rain Africa. The South African bath, body and home retailer is taking 1,247 square feet at 30 Rockefeller Plaza.

Michael Stone of Cushman & Wakefield represented the tenant. Tishman Read More

Law Firm Incentivized to Take 10 More Years at One Rock

Nautadutilh, a law firm founded in 1724, has signed a 10-year renewal for 7,360 square feet on the 15th floor of One Rockefeller Plaza. The asking rent was $69 per square foot, according to Crain's, but landlord incentives likely drove down the taking rent.
"Nautadutilh, which has been a tenant at One Rockefeller Read More

Law Firm Incentivized to Take 10 More Years at One Rock

Nauta Dutilh, a law firm founded in 1724, has signed a 10-year renewal for 7,360 square feet on the 15th floor of One Rockefeller Plaza. The asking rent was $69 per square foot, according to Crain's, but landlord incentives likely drove down the taking rent.
"Nauta Dutilh, which has been a tenant at One Rockefeller Plaza Read More

The Topping Out of Two Gotham Center

Topping out this week of the 662,000-square-foot tower, developed by Tishman Speyer in Long Island Read More

Stuy Town Foreclosure, Officially

Here's the complaint filed in federal district court in which mortgage holders foreclosed on the owners of Stuyvesant Town/Peter Cooper Village, a team led by Tishman Speyer.
It's time stamped Tuesday at 12:48 p.m., and the plaintiffs are Bank of America and U.S. Bank, on behalf of special servicer CWCapital, which is coordinating the foreclosure.
Actions Read More

The Selling of Stuy Town

To flip through the pages of the 2006 offering book for potential buyers of the 11,200-apartment Stuyvesant Town and Peter Cooper Village-a deal that has devolved into the largest individual property default in modern history-is to immerse oneself in an historical delusion, one that, from today's privileged vantage point, appears as likely as Iraqi Read More

Big Winner in Stuy Town? You!

The list of those pummeled by the debacle of a real estate deal at Stuyvesant Town and Peter Cooper Village is a wide-ranging one. It's vaporized entire investments made by, to name a few, two California pension funds ($600 million), a Florida pension fund ($250 million), and the Church of England ($70 million), along Read More

Speyers Throw In the Towel, Hand Stuy Town to Lenders

More than three years after it began, real estate giant Tishman Speyer's ambitious and high-priced quest to control a chunk of the East Side of Manhattan has come to a close.
Early Monday morning, Tishman Speyer and partner BlackRock issued a statement saying they intend to transfer control of the 11,200-unit Stuyvesant Town/Peter Cooper Village to their Read More

Speyers Throw In the Towel, Hand Stuy Town to Lenders

More than three years after it began, real estate giant Tishman Speyer's ambitious and high-priced quest to control a chunk of the East Side of Manhattan has come to a close.

Early Monday morning, Tishman Speyer and partner BlackRock issued a statement saying they intend to transfer control of the 11,200-unit Stuyvesant Town/Peter Cooper Village to Read More