March 27, 1988
Tishman Speyer Properties, New York, will build a nearly 850-foot-tall skyscraper in Frankfurt, West Germany, that will be Europe's tallest office building when completed in 1991. Ground is expected to be broken July 1 on the project, designed by architect Helmut Jahn of Murphy/Jahn, Chicago. The cost is expected to be nearly $300 million, according to Jerry I. Speyer, president of Tishman Speyer.
October 24, 2000 |
With demand for quality Westside office space expected to keep outstripping supply, a Menlo Park real estate investment trust has paid an estimated $58 million for a prominent Westwood high-rise. Spieker Properties Inc., which already owns a portfolio of office buildings stretching west from Sepulveda Boulevard, can now count the Tower at 10940 Wilshire Blvd. among its holdings.
November 8, 2011 |
The bunny is bouncing back to Beverly Hills. Playboy Enterprises Inc. will move its Southern California offices to the former Hilton Hotels headquarters near Beverly Hills City Hall, the magazine publisher said Monday. Playboy, based in Chicago, has agreed to rent 45,000 square feet in a building owned by Tishman Speyer. The New York developer acquired the former Hilton buildings at 9336 and 9346 Civic Center Drive in January and launched a $30-million makeover of the complex built in the 1980s in hope of making it appeal to prosperous tenants.
June 27, 2008 |
Work has begun on the first phase of a $1.2-billion office complex in the Playa Vista development south of Marina del Rey as the popular Westside office market remains strong in the face of the nation's faltering economy. A major tenant for the complex, Belkin International Inc., was announced Thursday by the developers, Tishman Speyer and Walton Street Capital. When completed at the end of next year, the new buildings will be headquarters for technology company Belkin. Belkin will occupy 150,000 square feet, almost half of the space in the four-building first phase of the office campus, after it consolidates other Los Angeles-area offices.
September 12, 2011 |
The Beverly Hills headquarters building of Live Nation Entertainment Inc., the world's largest concert promoter, was sold by former entertainment mogul Michael Ovitz to a New York landlord for $20 million. Tishman Speyer bought the renovated industrial building near City Hall from Ovitz and his partners. The property at 9348 Civic Center Drive was built in 1925 as an ice and cold storage plant and is still known as the Ice House. It was converted into offices in the mid-1990s. Live Nation, which merged with rival Ticketmaster last year, has been the main tenant in the four-story Ice House since 2006 and plans to stay there until at least 2020, according to real estate data provider CoStar.
July 15, 2012 |
A high-rise office building on Bunker Hill in downtown Los Angeles has been acquired by CBRE Global Investors, an affiliate of L.A. real estate brokerage CBRE Group Inc. CBRE Global bought 400 S. Hope St., a 26-story tower at the southeast corner of Hope and 4th streets. The price of the sale by New York investors Tishman Speyer and BlackRock Inc. was not disclosed, but downtown real estate experts familiar with the property valued it at $236 million. The 700,000-square-foot building was completed in 1982 to be the headquarters of law firm O'Melveny and Myers.
June 19, 1988
Tishman Speyer Properties has reportedly paid American Trading Real Estate Properties Inc., Baltimore, more than $57 million for the Union Bank Building in downtown San Diego. The 22-story, 19-year-old building is Tishman Speyer's first San Diego purchase, according to Carl Muhlstein, California partner-in-charge of the New York-based national real estate firm. Business Real Estate Brokerage Co., San Diego, represented both parties.
March 21, 2000 |
In one of the biggest property sales in L.A. history, New York-based Tishman Speyer Properties has agreed to purchase massive MGM Plaza in Santa Monica for an estimated $360 million. The sale, expected to close next month, provides a windfall of perhaps $60 million or more for prominent Los Angeles developer Robert Maguire, furthering his recovery from deep setbacks suffered during the 1990s real estate crash.
April 2, 2005 |
MetLife Inc. said it would sell its namesake skyscraper above New York's Grand Central Station to Tishman Speyer Properties for $1.72 billion. The 58-story office building at 200 Park Ave. was designed by architects Walter Gropius, Pietro Belluschi and Emery Roth & Sons. It opened in March 1963 as the Pan Am Building.