WATCH: Rob Speyer on big bets, past mistakes and the future of NYC

Tishman Speyer CEO gets candid with TRD in the latest episode of Coffee Talk

New York /
Jun.June 02, 2022 02:45 PM

Tishman Speyer can’t be avoided. As The Real Deal’s Hiten Samtani writes, the firm is the 800-pound-gorilla in “most real estate rooms”. So, how does a company that large, with developments from Santa Monica to New York to Paris, stay light on its feet?

That’s the challenge facing CEO Rob Speyer, who took the reins at the commercial real estate giant in 2015 after sharing them with his father, Jerry, for nearly seven years. That succession came about not long after one of the firm’s biggest fumbles — partnering with BlackRock in 2006 on a $5.4 billion acquisition of StuyTown, which was surrendered to its lenders four years later after the partners defaulted on $4.4 billion in debt.

But the company then isn’t the company today, and neither is its CEO. Speyer has a new approach to megaprojects, one that he says hinges on “civic engagement,” and a new outlook on the core of his business. In fact, he’s banned the use of the word “tenant” for what he calls its “feudal” connotations, and said he’s instead attempting to think of the occupants of his buildings (and there are many) as customers.

TRD’s Samtani spoke with Speyer for nearly an hour, on everything from the lingering scars of ventures past to a new plan for Santa Monica and the tech bets the company is advancing — and how those have fared among proptech’s recent stumbles.

Watch a condensed version of the conversation above, and check out the full interview here.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)
Facebook close to finalizing Hudson Yards office deal: report
Facebook close to finalizing Hudson Yards office deal: report
Saratoga County Homestead (Facebook, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Dilapidated New York tuberculosis hospital, vacant since 1973, hits the market
Dilapidated New York tuberculosis hospital, vacant since 1973, hits the market
Peloton's Barry McCarthy, Hudson Commons (Peleton, Hudson Commons, iStock)
Peloton resorts to sublease at Hudson Commons
Peloton resorts to sublease at Hudson Commons
From left: Alice Technologies founder and CEO René Morkos; Join CEO Andrew Zukoski (LinkedIn/René Morkos, LinkedIn/ Andrew Zukoski, iStock)
Construction tech startups Alice, Join score new commitments
Construction tech startups Alice, Join score new commitments
Yelp's Jeremy Stoppelman, Remote Work
Yelp shuttering NYC, Chicago offices after eyeing subleases for remote
Yelp shuttering NYC, Chicago offices after eyeing subleases for remote
A photo illustration of the Ram's Head Inn at 107 South Ram Island Drive in Shelter Island Heights (LoopNet, iStock)
On the dock-et: Shelter Island inn owner sues town
On the dock-et: Shelter Island inn owner sues town
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...