This week, Tishman Speyer Co-CEO Rob Speyer announced China Life Insurance Group and Ping An Insurance Company as co-investors in Tishman Speyer’s development of Pier 4 in Boston’s Seaport District.
“Tishman Speyer has been an active investor and developer in China for more than a decade,” said Speyer. “In that time, we have forged strong, productive relationships with both China Life and Ping An. We are really pleased that they have chosen to join us on this project.”
The waterfront development will include a one-acre public park, a nine-story residential building and a 13-story office tower. Both buildings will include ground floor retail/restaurant space and are expected to obtain LEED gold certification.
This partnership marks the first time China Life and Ping An, China’s two biggest insurance companies, have made equity investments in American real estate and have invested in real estate outside of China.
Read more on Tishman Speyer’s history in China in The Wall Street Journal.
Posted by robspeyer on April 8, 2015
Tishman Speyer President and Co-CEO Rob Speyer announced Friday that Port Maravilha will be the site of the company’s first residential development project in Rio de Janiero.
The multifamily property, which will be named Lumina Rio after Tishman Speyer’s Lumina residential development in San Francisco, will consist of four towers. The first tower, which will have 360 for-sale units, is expected to be completed two years after the city grants approvals for the venture.
“We have great confidence in the long-term vitality of Brazil as Latin America’s economic powerhouse,” Speyer said. “Likewise, Rio de Janeiro is one of the region’s greatest cities and we are pleased to help meet the market demand for high-quality, well-located housing with this project.”
Lumina Rio will not be Tishman Speyer’s first foray into Brazil’s real estate market. Tishman Speyer first established operations in Brazil in 1995 and has more than 20 projects in pre-development, construction or operation throughout the country. This includes Ventura Corporate Towers, a 1.1 million-square-foot office complex in Rio de Janiero and 8.6 million feet of residential and office development in Sao Paulo.
Posted by robspeyer on March 17, 2015
The Boston Globe recently highlighted Tishman Speyer’s development of Pier 4 as part of the “sweeping transformation” of Boston’s Seaport District.
Tishman Speyer is currently developing 561,000 square feet of new development at Pier 4, including a 13-story office building with 20,000 square feet of ground floor retail and a nine-story condominium with 17,000 square feet of ground floor retail. The mixed-used development will also feature restaurants a one-acre waterfront park.
“We’re seeing strength throughout the market and that gives us the confidence to move forward on a speculative basis,” Rob Speyer told The Boston Globe. “Boston has one of the strongest economies in the country. It’s diverse in terms of its industries, and it has an extremely educated workforce.”
Read more on Boston’s building boom in The Boston Globe.
Posted by robspeyer on March 6, 2015
Rob Speyer and several prominent transportation experts recently discussed the important role New York City’s transportation infrastructure plays in the region and how recent developments are driving even greater growth.
Speyer highlighted the extension of the Number 7 subway line to the West Side of Manhattan as an example of the city’s transportation infrastructure connecting people to previously underutilized neighborhoods.
“When service begins at this beautiful new station, it will mark the first city-funded expansion of New York’s subway system in 65 years,” Speyer said. “This accomplishment underscores the importance of our industry collaborating with government and leveraging resources to fund the transit system that we all rely on 24 hours a day, 7 days a week.”
Speyer and officials including MTA Chairman Thomas Prendergast also noted continued work on the Second Avenue Subway line and the opening of the Fulton Street station as examples of projects allowing the city’s population to move more quickly and efficiently.
“New York’s future prosperity depends on its ability to move people,” Speyer said. “While it’s critical that we maintain our current system, we can’t stop there. We must also have the will to modernize and expand the network for an even greater tomorrow.”
Watch the rest of the video here.
Posted by robspeyer on February 9, 2015
Rob Speyer was announced today as one of 10 Committee Co-Chairs for New York City’s bid to host the 2016 Democratic National Convention.
In a press release, Mayor Bill de Blasio said that he is “so proud to have the support of this diverse group of leaders who represent everything New York City has to offer.”
The Host Committee, which includes Speyer, City Council Speaker Melissa Mark-Viverito, Goldman Sachs CEO and Chairman Lloyd Blankfein and other prominent New York City figures, will be responsible for executing the City’s convention strategy, reaching additional fundraising goals and organizing convention events.
Speyer has been a strong supporter of efforts to bring the DNC to New York City. “As a long-time member of New York’s business community, I am proud to support the city’s bid to host the 2016 convention. As a lifelong New Yorker, I am even more excited by the prospect of showcasing all that our five boroughs have to offer,” Speyer said December.
Posted by robspeyer on January 30, 2015
On Thursday night, Rob Speyer honored outgoing REBNY President Steven Spinola with the Harry B. Helmsley Distinguished New Yorker Award at the organization’s 119th annual banquet.
“Steve Spinola has been the most important person in the history of REBNY,” Speyer told a packed ballroom at the New York Hilton, as The Real Deal noted. “He has made us a force to be reckoned with in the city, in the state, and it’s literally transformed the landscape of our industry.”
Said Spinola upon accepting the award: “My stepping down as your president only ends one chapter in the very impressive, continuing history of the Real Estate Board of New York. Together we have accomplished much. Great challenges remain and REBNY could not be in better hands.”
More coverage of the event can be found at The Real Deal.
The Commercial Observer also has more details about Thursday night’s banquet as part of its “REBNY 2015” coverage this week, which includes profiles of the event’s award winners:
- Glen Weiss, Executive Vice President – Director of Leasing at Vornado Realty Trust and Chairman of the Young Men’s/Women’s Real Estate Association, received the Young Man/Woman of the Year Award.
- Daniel Kinderbergh, Senior Vice President – Operations at Brookfield Property Group, received the George M. Brooker Management Executive of the Year Award for his past leadership during the aftermath of September 11th, Superstorm Sandy and other crisis situations.
- Peter Hauspurg, Chairman and CEO of Eastern Consolidated, received the Louis Smadbeck Broker Recognition Award for his achievement as a commercial real estate broker.
- Barbara Fox, President of the Fox Residential Group, received the Kenneth R. Gerrety Humanitarian Award for her constant dedication to community service.
- William Rudin, CEO and Vice Chairman of Rudin Management Company, received the Bernard H. Mendik Lifetime Leadership in Real Estate Award for his lifelong commitment to New York’s real estate industry.
Posted by robspeyer on January 16, 2015
As The Boston Globe reported today, Tishman Speyer is breaking new ground by purchasing the former site of popular eatery Anthony’s Pier 4 in Boston, which will be the firm’s first development in the city.
Also known as the Seaport, the property will contain offices, condominiums, restaurants and a one-acre waterfront park.
“We think the Seaport is one of the most exciting mixed-use developments in the country,” Rob Speyer told the Globe. “We want to take one of the last sites on the waterfront and do something spectacular.”
Citing the city’s robust economy and booming real estate activity along the waterfront, Speyer said that the company plans on starting construction by the end of the year. “This will be our first opportunity, and we want to make the most of it,” Speyer said.
Read more on the deal in The Boston Globe.
Posted by robspeyer on January 15, 2015
Jerry Speyer and Rob Speyer announced Friday an agreement to acquire 100 New Oxford Street, an office and retail building in London.
The 103,500-square-foot building is Tishman Speyer’s third Central London acquisition in recent months. It previously purchased the headquarters of British grocery chain Sainsbury and The Point office building in the Paddington neighborhood of London’s West End.
“Demand for first-class office space in the world’s great cities continues to grow,” said Rob Speyer and Jerry Speyer in a joint statement. “We endeavor to meet that demand via ground-up development and selective acquisitions of existing properties. We continue to have a very positive long-term view of the London office market and look forward to the possibility of expanding our presence further.”
Acquired from Hermes Investment Management and Canada Pension Plan Investment Board, the recently renovated property includes ground-level retail and six floors of office space
Posted by robspeyer on January 12, 2015
Last week, Rob Speyer helped co-chair the 38th Annual Inner-City Scholarship Fund Dinner, where guests raised a record $2.4 million in support of Catholic school education for underprivileged youth.
The Inner-City Scholarship Fund was created in 1971 to preserve and promote Catholic school education for all children. Inner-City provides tuition assistance to more than 7,000 Catholic school students within the Archdiocese of New York.
One of the prizes offered during the dinner’s charity auction included a personal guided tour of the city’s historic pubs by His Eminence, Timothy Michael Cardinal Dolan, Archbishop of New York. At the end of the night two bidders paid $70,000 each for the Historic Irish Social Establishment Tour.
James Murdoch of 21st Century Fox received the Inner-City Scholarship Fund Award during the event for his work in support of the organization and its students.
Posted by robspeyer on December 16, 2014
The de Blasio administration announced on December 12 that New York City has now raised $15 million in support of the City’s bid to host the 2016 Democratic National Convention. The Mayor’s Office noted that it had secured $5 million from DNC 2016 Host Committee Members.
Rob Speyer, a member of the Host Committee, said he is “proud to support” the City’s effort to host the convention.
“As a long-time member of New York’s business community, I am proud to support the city’s bid to host the 2016 convention. As a lifelong New Yorker, I am even more excited by the prospect of showcasing all that our five boroughs have to offer,” Speyer said.
Read more about the City’s fundraising efforts and view a full list of the 2016 Host Committee members here.
Posted by robspeyer on December 12, 2014