In his May 12 speech at the Global Alternative Investment Insights 2015 Conference in Seoul, South Korea, Rob Speyer predicted that the “office of today and tomorrow is going to look like a Starbucks,” which represents a “powerful culture shift” in the way people are using office space.
“People want to work more closely together,” Speyer said. “They like to work in teams, they want to collaborate, they want to have the same kind of energy that we feel at this conference. They want to connect. Now, this is a powerful culture shift.”
Speyer continued: “The corner office with the big windows and the beautiful view — that was the status symbol for our father’s generation. It’s not going to be for our children’s.”
Speyer also offered an example of how this trend is “sweeping the global industry.”
“We are building a contemporary warehouse building in a major city in the U.S and an old line consulting firm is looking to rent the whole thing,” he said. “This would’ve been unthinkable five years ago. That company would’ve only considered a typical office building with a glass façade, but times are changing.”
Watch a clip of Speyer’s speech below:
Posted by robspeyer on June 11, 2015
In his May 12 speech at the Global Alternative Investment Insights 2015 Conference in Seoul, South Korea, Rob Speyer praised Seoul city planners for their commitment to environmental sustainability efforts that have enhanced livability for residents, citing the city’s Cheonggyecheon Stream restoration project.
“Technology is terrific, but technology without livability is just science fiction,” Speyer said. “The future is not about machines, its about us — and cleaning our environment, making cities more livable is also going to make them more human.”
Speyer commended Seoul’s government for its focus on restoring the Cheonggyecheon Stream area. He acknowledged that while the project had “political, economic, cultural” challenges, city planners “persevered” and “came up with a solution that is now a template across Korea.”
The Cheonggyecheon Stream project dramatically transformed Seoul’s central business district by removing a 10-lane highway, creating a new park and green space and restoring a stream that had been decimated by pollution. The newly restored stream and park opened to the public in October 2005.
“Used to be that people living in that neighborhood had twice the incidents of respiratory problems than people anywhere else in the city,” Speyer said. “Now, they can breathe again. Pollution has been reduced 35 percent, property values are up, tourism is up. This project has created a true, virtuous cycle for Seoul.”
Watch a clip of Speyer’s speech below:
See more at Rob Speyer’s YouTube Channel.
Posted by robspeyer on June 8, 2015
In a May 12 speech at the Global Alternative Investment Insights 2015 Conference in Seoul, South Korea, Rob Speyer noted that Seoul’s innovative use of technology is fueling its rise as one of the world’s leading “smart cities.”
Noting that Seoul “is the bandwidth capital of the world,” Speyer told attendees: “Your Internet is faster, more available, more used than in any city in the world. And soon it will be free from one end of Seoul to the other.”
Speyer also noted that “Seoul’s leadership extends well beyond the Internet, to things much more cutting edge – like the driverless car,” which is “going to revolutionize cities.”
“Right here in Seoul, all it would take is a half-million driverless cars to service the car needs of the entire population – 10 million people in this city,” said Speyer. “Imagine what that could mean for the environment, for traffic, for the common good.”
Watch a clip of Speyer’s speech below:
Visit Rob Speyer’s page on YouTube for more videos.
Posted by robspeyer on May 29, 2015
Rob Speyer and Jerry Speyer were recently ranked No. 9 on the Commercial Observer’s annual Power 100 list.
The Tishman Speyer Co-CEOs were praised for their continued global expansion over the past year with new acquisitions and developments in New York, Boston, Los Angeles and London, among other international cities. In particular, the Commercial Observer highlighted plans for a 2.85-million-square-foot tower at the Hudson Yards in New York City and a 103,500-square-foot office and retail building in Central London.
As the Commercial Observer noted, under the leadership of Rob and Jerry Speyer, Tishman Speyer now owns more than 98 million square feet of property around the world.
Read more at the Commercial Observer.
Posted by robspeyer on April 30, 2015
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