Displaying all articles tagged:

Tishman Speyer

  1. Coming Soon
    The Rainbow Room Finally Reopens October 6The Art Deco landmark is back.
  2. Appointments
    Jonathan Wright Named Chef at Rebooted Rainbow RoomFloor 65, please.
  3. Quote of the Day
    Rainbow Room’s Chefs Will Mine 75 Years of Menus for RelaunchThere will most definitely be classic cocktails on the menu.
  4. Rainbow Resuscitations
    The Rainbow Room Is Looking for an Executive ChefIdeally, said chef will have a really good recipe for crab cakes.
  5. Reopenings
    Rainbow Room Getting Shiny New MakeoverAfter two years of sitting empty, the Rainbow Room at last sees some action.
  6. Robert Tishman, Co-Founder of Tishman Speyer, DiesHe was 94.
  7. Reopenings
    Elizabeth Blau Tapped to Run the Rainbow RoomThe search for a tenant has apparently been suspended.
  8. Foreclosure on Stuyvesant Town Okayed by JudgeLenders are owed over $3.6 billion — not that they’re going to get it.
  9. Who Is Charles Spetka, No. 32 on the Observer’s Real Estate 100?And why is he ranked below the Speyers?
  10. Stuyvesant Town Tenants Again Considering Making Offer for ComplexThis could be complicated.
  11. Tishman Speyer and BlackRock Give Stuyvesant Town and Peter Cooper Village to CreditorsRather than face a painful and protracted foreclosure, the two companies have given up the massive apartment complex.
  12. Stuy Town Debt Holders Give Tishman Speyer and BlackRock Ten Days to PayThis means foreclosure will likely come sooner rather than later.
  13. Stuyvesant Town Owners DefaultThis was not a surprise.
  14. Court Rules Against Stuyvesant Town Owners in Tenant LawsuitThey were judged to have improperly deregulated rent-stabilized apartments.
  15. WSJ: T Minus Four Months Until Stuyvesant Town DefaultsSources tell the paper that, at maximum, the investment group headed by Tishman Speyer and BlackRock has until February before they run out of cash to service their debt on the massive property.
  16. I Really Don’t Think People Defecate in the Hallways of Stuyvesant TownThough, I’ll admit, I’m not above chuckling about it.
  17. Tishman Speyer Loses Out in Stuy Town Lease LawsuitA judge ruled that they may owe tenant up to $200 million for illegally raising rent and deregulating apartments.
  18. Legal Battles
    Ciprianis Vow to Fight Eviction From the Rainbow RoomAre the Ciprianis becoming the Blagojevich of the restaurant world?
  19. The Upper East Side Completes Renée ZellwegerThe actress smoothly buys into a hard-to-crack co-op, while JPMorgan and the New York ‘Times’ struggle, in our daily digest of real-estate, finance, media and law news.
  20. President Bush Sums Up the Financial Crisis the Best Way He Knows HowWall Street got drunk,” the president said, “and now it’s got a hangover.” Also, Donald Trump Jr. invests in India, ‘Esquire’ editors decide to flash people, and more, in our daily roundup of finance, real-estate, media, and law news.
  21. Tishman Speyer Is on the WarpathAlso, Lehman Brothers weighs its options, and 15 CPW breaks the $100 million barrier.
  22. Buyout Exodus at ‘Newsweek’A dating blogger seeks a book deal, trading desks think recession, and Jean Nouvel wins the Pritzker in our daily roundup of media, finance, law, and real-estate news.
  23. Times Building Sells; Sulzbergers Forego $350 MilEven by New York standards, this was an impressive flip. Tishman Speyer, which bought the soon-to-be-old New York Times HQ for $175 million in late 2004, has sold it for $525 million: triple the price after just two and a half years. So it now seems that if the Sulzbergers had held on to the building just a bit longer instead of unloading it to Tishman Speyer, they could have built themselves two trophy skyscrapers nearby. Or at least paid off Hassan Elmasry.
  24. Mama Don’t PreachMadonna won’t let her daughter dress like, well, Madonna. The U.N. campus has a pretty serious rodent-and-eel problem. Rockefeller Center and Chrysler Building owner Jerry Speyer is proficient with a yo-yo. Oscar presenter Jerry Seinfeld has been asked to host the Oscars next year but can’t because of a movie obligation. “The Secret” is Hollywood’s new Scientology/Kabbalah. Martha Stewart just bought an unfinished apartment in the West Village for $16 million. Someone stole one of Karl Lagerfeld’s Chanel dresses and sent it to Courtney Love to wear. Kathie Lee Gifford has as soft spot for Britney Spears, though her son fancies Paris. Mark Ruffalo is far nicer to the press than he needs to be.
  25. Stuy Town Sold for $5.4 BillionSo much for the tenants’ group: Tishman Speyer, the real-estate behemoth that controls Rockefeller Center, among other things, has won the auction for Stuyvesant Town and Peter Cooper Village, agreeing to pay MetLife $5.4 billion for the complex. That works out to $486,769 for each of the complex’s 11,232 apartments. Which would take only 243 months — a mere twenty years and change to recoup if each unit rented for the maximum allowable stabilized amount of $2,000 per month. Naturally Tishman will wait that out, right? 110-Building Site in N.Y. Is Sold to Speyer [NYT]