If the saga of the Stuyvesant Town-Peter Cooper Village sale is a countdown clock-the $5.4 billion purchase by Tishman Speyer and BlackRock is nearing default-there’s a loud ding every few weeks in the form of a new analysis by a real estate tracking firm.
Each shows a fresh, dismally depressed value for the property ($1.99 Read More
Domenic Recchia—the colorful councilman who speaks pure South Brooklynese—is headed to court this week to take on Jerry Speyer and his Tishman Speyer, titanic landlord of such trophies as Rockefeller Center and the Chrysler Building.
In addition to his day job representing the people of Gravesend and Bensonhurst, the aptly named Mr. Recchia, Read More
Editor’s note: There are corrections to this article at the end of it.
Public broadcasting exec Sharon Rockefeller strolled into the sculpture garden at the Museum of Modern Art on Tuesday night, May 26, alongside the artist Jack Shear, both laughing, with cocktails in hand after sitting down to a sensible dinner.
“We had Read More
Dale DeGroff earned the nickname “King of Cocktails” mixing fancy drinks at the illustrious Rainbow Room during its heyday back in the 1980s. “It was an amazing place,” Mr. DeGroff said. “We had a great, great bar. We also had a wonderful cabaret—Rosemary Clooney, Tony Bennett.”
He’s excited to see that history restored: Read More
On Thursday morning, Alexander Schmidt, a partner at Wolf Haldenstein Adler Freeman & Herz, received a phone call from an appellate court clerk. A decision was on its way about Roberts v. Tishman Speyer, the clerk said, a major rent-stabilization case in which Mr. Schmidt represented a group of tenants suing the mega-landlord of Read More
Jerry and Rob Speyer’s record-setting $5.4 billion purchase of Stuyvesant Town and Cooper Village has become a money vacuum, as the high cost of debt service and relatively low rent income is expected to eat away a remaining $127.7 million in cash reserves in about six months.
The new figures come from Fitch Ratings, Read More
Mega-landlords Jerry Speyer and Mort Zuckerman told The Times‘ Michael Barbaro they’d love to see a third Bloomberg term. It would help the local economy in troubling times, their reasoning goes–besides, what else would their friend Mike do with his time?
According to Mr. Zuckerman, chairman of Boston Properties, controlling owner of the GM Read More
Jerry Speyer’s loss at the West Side rail yards seems to be working out pretty well for Gary Barnett.
With Mr. Speyer defeated—the chairman of Tishman Speyer Properties fumbled the $1 billion deal with the state to buy the site’s development rights in May, ultimately backing out of an agreement—so, too, Read More
Jerry Speyer, whose Tishman Speyer recently had a falling out with the M.T.A. over the West Side rail yards, speaking at the Young Mens’/Womens’ Real Estate Association last week, via the Post:
"It’s hard to keep to the deals, [but] you’d better not renegotiate and you’d better not twist it around because people Read More
Livable-city activists celebrated the latest, coolest additions to the city’s urban landscape on Thursday inside the stark white interior of Frank Gehry’s first building in New York City, the IAC headquarters on 11th Avenue.
The occasion was the Municipal Art Society’s 2008 MASterwork Awards, which, according to the program, “honor the year’s top projects Read More