Posted by: BayAreaComRE | January 20, 2010

NY Times Uncovers the Current Drama at Tishman Speyer

There’s a great article from Saturday’s New York Times that highlights the rise and current deterioration of one of the largest commercial and multi-family property owners in the world, Tishman Speyer. The developer is struggling with a portfolio of Chicago assets that it bought on behalf of its investors / partners at the peak of the recent real estate boom, most notably the Chicago Mercantile Exchange and the Civic Opera House.

The article goes on to explain how this is not uncharted territory for Chairman and Co-Cheif Executive Officer Jerry Speyer, who’s managed the company through various cycles since its founding 1978. The major factor lending to his past successes is the vast network he’s created, which the article further diagrams.

For the full story, click here.


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