Will Tishman Speyer buckle?


From the November issue:
With credit markets frozen and property values slumping, real estate firms that soared the highest during the boom now appear poised to fall the farthest. Certainly, few have looked down from as lofty a perch in recent years as Tishman Speyer, the venerable blue-chip firm that has long held a stake in such New York City landmarks as Rockefeller Center and the Chrysler Building. Firmly established as the city’s best in class, Tishman Speyer expanded its empire even wider during the boom, most notably by beating out scores of bidders in 2006 to acquire the iconic 80-acre Stuyvesant Town and Peter Cooper Village complex for $5.4 billion, the priciest deal ever for a single real estate property in the U.S.

Sign Up for the undefined Newsletter