Tishman Speyer faces $4.4M in liens

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Tishman Speyer has $4.4 million in overdue bills on six Chicago office properties. Jones Lang LaSalle and New York-based Turner Construction are heading up a group of real estate firms and contractors who have filed claims against the landlord for unpaid invoices for the properties. The properties are part of a 5.7-million-square-foot portfolio, on which Tishman, headquartered in Rockefeller Center, is also negotiating a debt restructuring agreement with the Federal Reserve Bank of New York. A Tishman spokesperson told Crain’s that the company expects the delay in payment to be “temporary” and that the firm is paying property management costs. [Crain’s]

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