Tishman Speyer Properties LP restructured $175 million in debt on a 22-story downtown Seattle office building , following arrangements earlier this year to rework loans for Chicago and Washington, D.C.-area holdings.
Tishman Speyer Properties LP raised 1.2 billion yuan ($190 million) from Chinese investors for a real estate fund that will develop a two-tower, mixed-use project in Suzhou as the local economy expands.
A Gerhard Richter painting with a price of between $20 million and $25 million led sales at the world’s biggest fair of modern and contemporary art where U.S. billionaires Steven Cohen and Jerry Speyer were among the VIP visitors.
Henry Kravis, the billionaire co- founder of KKR & Co., the buyout firm that manages $66 billion in assets, knows a thing or two about disaster recovery. Following the terrorist attacks of Sept. 11, he helped secure interest-free loans for 89 damaged businesses so they could re- open.
Tishman Speyer Properties LP plans to build a San Francisco office building without having a signed tenant, the city’s first speculative project since 2006, as demand for space surges amid growth at technology companies.
Robert Tishman , whose company developed the World Trade Center in New York and the John Hancock Tower in Chicago, died at the age of 94, the New York Times reported, citing Tishman’s daughter Lynne Handler.