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Tishman Speyer is an American multinational corporation based at 45 Rockefeller Plaza in Midtown Manhattan. The conglomerate invests in high-profile real estate properties, has developed multiple buildings around the world, and has owned famous buildings and land plots, including the Chrysler Building .
Tishman, formally known as THR Management LP, [1] is an American corporation founded in 1898 that owns and develops real estate. The company is best known for being the contractor that built the original World Trade Center in New York City. Tishman Construction Corporation, the construction division of the company, was sold to AECOM in 2010.
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Speyer was born to a Jewish family, the son of Lynn (née Tishman) and Jerry Speyer. [4] His great-grandfather, Julius Tishman, founded Tishman Realty and Construction; and his father Jerry Speyer and his maternal grandfather, Robert Tishman, founded the real estate development firm Tishman Speyer. [5] His parents divorced in 1987. [6]
Speyer was born in Milwaukee, Wisconsin, the son of Germaine M. and Ernst A. Speyer. [2] According to a 1998 profile in The New York Times, "[Speyer's] mother is Swiss, and his father comes from one of the old Jewish families of Frankfurt" (however, there is only a very distant connection to the Speyer banking family, if any); his father, a shoe manufacturer, fled Germany in 1939, established ...
Robert Valentine Tishman (April 7, 1916 – October 11, 2010) was an American real estate developer who was head of the family-owned firm Tishman Realty & Construction until it was disestablished in 1977, and was one of the two founding partners of Tishman Speyer, which was formed in 1978 and became one of the largest owners and builders of office buildings in the United States.
The building is Tishman Speyer's first residential building in New York City. [7] Sales for condominiums in the building launched in September 2018. [8] The building is part of the larger Tishman-led project to redevelop the former Macy's branch in Brooklyn.
In January 2007, Tishman Speyer, along with the German investment firm TMW, announced the sale of the building to Kushner Properties for $1.8 billion (about $2.6 billion in 2023 [102]), at the time the highest price ever paid for an individual office building in the U.S. [103] [127] The sale was the third large deal involving Tishman in two ...