Tishman Speyer

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Author: 
Anonymous
After a last-ditch effort to get their West Side Rail Yards negotiations back on track after Thursday's announcement, Tishman Speyer was unable to sway the MTA.

The MTA's statement today was short and sweet. In its entirety:
Author: 
Anonymous

Yesterday, New York Times architecture critic Nicolai Ouroussof used Tishman Speyer's winning rail yards bid as an example of a problematic trend in urban development. He explains that misleading renderings are designed (or censored) to prevent public objection, so projects can slip easily through the public review process. Tishman Speyer, or course, is only one example of this, but when the MTA's announcement was made, Ouroussoff noticed,

Author: 
matthewatthehighline

For the very first time that we are aware of, the High Line was featured in a New York Times Editorial. In it, America's paper of record challenges the City and Tishman Speyer to seize the opportunity provided by the development rights to the West Side Rail Yards and to do the right thing and "preserve all of the High Line, the 1.5-mile stretch of elevated railway that is being transformed into a green jewel of public space."

There was considerable pride and a few tears as we read this unprecedented shout-out by the Times.

Read the editorial  on the Times site, or after the jump.


Author: 
Anonymous
The Times reports today that financial giant Morgan Stanley has backed away from its deal with Rail Yards bidder Tishman Speyer (bid here).

Author: 
Anonymous
Unsurprisingly in the wake of the subprime crisis and general market shakiness, much of the Rail Yards dialogue has turned away from design and towards financials.

Of course, guessing is a bit tough, given the MTA's refusal to make the financial bids public (which the HYCAC called for as part of its summary of top community concerns).

Background on the financial situations of each of the developers has led to a lot of speculation over which one would be the surest bet for the MTA, an agency that knows its way around fiscal headache.

A Crain's editorial recently endorsed Related and Tishman Speyer for the site, pointing to anchor tenants to add heft to the deal:
"There are no more resourceful, experienced or financially solid real estate companies in New York. Their tenants, News Corp. for Related, and Morgan Stanley for Tishman, offer a strong likelihood the project will get off the ground."
The Crain's site is for subscribers only, but the complete editorial is after the jump.

The MTA still plans to announce a decision by the end of March.
Author: 
Anonymous
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Over the next few weeks, we'll be providing you with some quick-hit style background information on the various developers who have submitted bids for the West Side Yards site. Today, we're starting with Tishman Speyer, whose bid is pictured above.

Founded in 1978 in New York, Tishman Speyer ("TS") has managed 77 million square feet of real estate assets since its inception. In the last three years, the company has been involved in three of the largest real-estate deals in American history. TS is traded publicly and has around 1100 employees in 25 offices worldwide. They recently spearheaded (along with Lehman Brothers), a takeover of Archstone, which was at the time the third largest Real Estate Investment Trust (REIT) in the country.

After the jump, check out the details of some of Tishman Speyer's notable developments and properties.
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