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August 8, 2010 by Neil · Leave a Comment
New York State’s highest court sounded the financial death knell against Tishman Speyer last year in its ownership of Stuyvesant Town / Peter Cooper Village . The Court of Appeals had ruled that multifamily owners whose buildings received the benefit from the J-51 tax abatement program were prohibited from removing those units from rent regulation . This decision brought several thousand units back into rent regulation. It also...Read Full Story
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July 21, 2010 by Neil · Leave a Comment
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Thousands of New York multifamily tenants are being told that the walls that have been put up over the years without approval from the Department of Buildings must come down. New renters are being informed that if they wish to divide a space, they will need to rely on bookshelves or partial...Read Full Story
NEW YORK (Reuters) - The joint venture led by Tishman Speyer and BlackRock that owns New York's vast Stuyvesant Town/Peter Cooper Village apartment complex on Friday said it missed a loan payment, putting it in a much-anticipated default. Credit agencies had warned that the joint venture, which has seen the complex's value collapse by more than half since buying it for $5.4 billion in 2006, would likely default as it burned through reserves during a court battle over whether it could...Read Full Story
NEW YORK (Reuters) - The joint venture that borrowed heavily to buy Stuyvesant Town and Peter Cooper Village in 2006 could be among the first to take advantage of changes in U.S. tax law that let borrowers seek payment relief, when it said last week that it could not keep paying interest on a $3 billion loan. On Friday, the $3 billion senior mortgage was transferred to the special servicer CWCapital after the borrower -- real estate private equity firm Tishman Speyer and BlackRock Realty...Read Full Story
NEW YORK (Reuters) - The joint venture that borrowed heavily to buy Stuyvesant Town and Peter Cooper Village in 2006 could be among the first to take advantage of changes in U.S. tax law that let borrowers seek payment relief, when it said last week that it could not keep paying interest on a $3 billion loan. On Friday, the $3 billion senior mortgage was transferred to the special servicer CWCapital after the borrower -- real estate private equity firm Tishman Speyer and BlackRock Realty...Read Full Story
“Both of these transactions are consistent with our company-wide portfolio strategy,” commented Tishman Speyer Co-CEOs Jerry Speyer and Rob Speyer ... and asset managers of first class real estate worldwide. Active across North America, Europe ...
From left: Tishman Speyer CEO Jerry Speyer, Hines Interests Chairman Gerald Hines and Simon Property Group CEO David SimonAs commercial construction remains stagnant in America, several high-profile American developers have turned to China for new projects, including several with notable ties to New York.
But for all the obstacles these developers are accustomed to encountering in the city, according to the New York Times there are even more...
Jerry I. Speyer (born on 23 June 1940, in Milwaukee, Wisconsin) is one of two founding partners of the prominent New York real estate company Tishman Speyer, the owner of the ...
Speyer graduated from Columbia College in 1962 and Columbia University Graduate School of Business in 1964. Click here for a PDF version of Jerry Speyer's bio
Barry Wine. Tishman Speyer Taps Barry Wine for Rainbow Room Restoration Stuy Town Plaintiffs, Matter-of-Fact Voices Behind Major Court Victory City Nears Launch of Programs to Boost Supermarket Development Where the Action Is in Manhattan Housing LIC ...