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	<title>Observer &#187; Speyers Buy Back Chunk of 30 Rock for $222 M.</title>
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		<title>Observer &#187; Speyers Buy Back Chunk of 30 Rock for $222 M.</title>
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		<title>Speyers Buy Back Chunk of 30 Rock for $222 M.</title>

		<comments>http://observer.com/2007/07/speyers-buy-back-chunk-of-30-rock-for-222-m/#comments</comments>
		<pubDate>Wed, 11 Jul 2007 14:48:54 -0400</pubDate>
					<link>http://observer.com/2007/07/speyers-buy-back-chunk-of-30-rock-for-222-m/</link>
			<dc:creator>John Koblin</dc:creator>
				
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		<description><![CDATA[<p>On the heels of their $22 billion buy of Archstone-Smith,<strong> </strong>Jerry and Rob Speyer have made another blockbuster deal. Tishman Speyer has purchased several floors at 30 Rockefeller Plaza<strong> </strong>back from NBC for $222 million.
<p class="text">Jerry and Rob, the father-and-son duo that run Tishman Speyer, own the iconic 70-story 30 Rock, in addition to all 12 buildings at Rockefeller Center. NBC bought the 1.6 million square feet it occupies at 30 Rock from the Speyers in 1996.</p>
<p class="text">Now, they have some of it back. The Speyers purchased parts of floors 22, 23, 48 and 49 for $145.7 million and parts of floors 25 and 26 for $76.3 million. The deal was recorded in city records.</p>
<p>A third party, the New York City Industrial Development Agency, was also listed in city records as part of the deal. A spokeswoman for the agency, Janel Patterson, said there was a renewed agreement between the city and NBC, which gives the broadcast giant sales-tax breaks at the space. The spokeswoman said she was aware NBC wanted to sell the floors to Tishman Speyer, as long as NBC got a leaseback and retained the sales-tax breaks from the city. </p>
<p class="text">Representatives for Tishman Speyer and NBC would not comment on the sale. </p>
<p class="text">The Speyers bought control of Rockefeller Center in 1996, the same year they sold condominium interest in 30 Rock to NBC for $440 million.</p>
<p class="text">More big deals in this week&#039;s <a href="/2007/top-dealmakers-manhattan-s-topmost-office-market">Commercial Breaks</a>. </p>
<p> <strong><br /></strong></p>
]]></description>
		<content:encoded><![CDATA[<p>On the heels of their $22 billion buy of Archstone-Smith,<strong> </strong>Jerry and Rob Speyer have made another blockbuster deal. Tishman Speyer has purchased several floors at 30 Rockefeller Plaza<strong> </strong>back from NBC for $222 million.
<p class="text">Jerry and Rob, the father-and-son duo that run Tishman Speyer, own the iconic 70-story 30 Rock, in addition to all 12 buildings at Rockefeller Center. NBC bought the 1.6 million square feet it occupies at 30 Rock from the Speyers in 1996.</p>
<p class="text">Now, they have some of it back. The Speyers purchased parts of floors 22, 23, 48 and 49 for $145.7 million and parts of floors 25 and 26 for $76.3 million. The deal was recorded in city records.</p>
<p>A third party, the New York City Industrial Development Agency, was also listed in city records as part of the deal. A spokeswoman for the agency, Janel Patterson, said there was a renewed agreement between the city and NBC, which gives the broadcast giant sales-tax breaks at the space. The spokeswoman said she was aware NBC wanted to sell the floors to Tishman Speyer, as long as NBC got a leaseback and retained the sales-tax breaks from the city. </p>
<p class="text">Representatives for Tishman Speyer and NBC would not comment on the sale. </p>
<p class="text">The Speyers bought control of Rockefeller Center in 1996, the same year they sold condominium interest in 30 Rock to NBC for $440 million.</p>
<p class="text">More big deals in this week&#039;s <a href="/2007/top-dealmakers-manhattan-s-topmost-office-market">Commercial Breaks</a>. </p>
<p> <strong><br /></strong></p>
]]></content:encoded>
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