Tag Archive | "Tishman Speyer"
Fannie and Freddie Ratcheting Up Multifamily Lending
Multifamily lending has been a bright spot in the otherwise dismal days of Fannie Mae and Freddie Mac. One significant debt placement included the Lehman Brothers and Tishman Speyer acquisition of the Archstone portfolio. Fannie and Freddie provided $8.9 billion of senior debt to facilitate the $22 biillion purchase. In spite of the 25% mark [...]
Continue reading...Lehman Reverses Course on CRE Investment
Thursday, August 14, 2008
In a stinging reversal of fortune, Lehman Brothers is now looking to liquidate its commercial real estate holdings. At the height of the market, Lehman teamed with Tishman Speyer to acquire Archstone, a multifamily REIT. According to The Financial Times, Lehman may now need to accept a 25% discount to offload Archstone and raise cash. Bloomberg [...]
Continue reading...Playa Vista Demonstrates LA’s Strength and Diversification
Monday, July 14, 2008
Source: CoStar Group Two deals in the Playa Vista mixed-use development, including one of the largest office leases in Los Angeles history, serve as a reminder that the Westside’s office market continues to hold steady despite a shaky U.S. economy reports CoStar Group. Fox Interactive Media announced Tuesday it has agreed to lease 421,000 square feet at [...]
Continue reading...Abu Dhabi Fund Acquires Most of Chrysler Building
Thursday, July 10, 2008
Source: The Wall Street Journal An Abu Dhabi sovereign-wealth fund has purchased a majority stake in the Chrysler Building, an iconic New York City skyscraper reports The Wall Street Journal. The Abu Dhabi Investment Council will take a 90% stake in the tower’s ownership for $800 million, according to people familiar with the matter. Tishman Speyer [...]
Continue reading...Phase I of 1.6M SF Playa Vista Office Project Commences
Monday, June 30, 2008
Source: CPN Construction has commenced on the first phase of The Campus at Playa Vista, a new 1.2 billion, 1.6 million-square-foot office complex in West Los Angeles that is being developed by Tishman Speyer on behalf of its joint venture with Walton Street Capital L.L.C., reports CPN. The initial segment of the project will bring 325,000 square [...]
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Thursday, August 14, 2008
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