Tishman Speyer Properties

March 14, 2019

Chrysler Building sells for a discounted $150M, may become a hotel

Update 3/14/19: A few days after Aby Rosen bought the Chrysler Building for the bargain price of $150 million, the real estate mogul told Bloomberg this week that he would consider converting the tower into a hotel. Real estate mogul Aby Rosen has picked up another New York City landmark. Rosen's RFR Holding LLC, which controls the Seagram Building and Lever House, bought the Chrysler Building for $151 million, according to the Wall Street Journal. The sale represents a major loss for majority owner Abu Dhabi Investment Council, who paid $800 million in 2008 for a 90 percent stake in the 77-story Art Deco tower.
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Real Estate Trends

Amazon could be the Chrysler Building’s new tenant

Via Creative Commons

January 14, 2019

Amazon could be the Chrysler Building’s new tenant

By Devin Gannon

Amazon is close to reaching a deal to lease 10,000 square feet at the Chrysler Building, the New York Post reported on Sunday. News of the impending lease comes less than a week after it was reported that the Art Deco landmark is up for sale. Amazon announced in November plans to open a massive office complex in Long Island City to serve as their "HQ2." The company will start moving to the neighborhood this year, temporarily leasing space at One Court Square, a 50-story building with incredible views of the Manhattan skyline.
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Real Estate Trends

March 14, 2016

Queens’ New Skyline: A Rundown of the 30 Developments Coming to Long Island City

By Ondel Hylton

Watch out Hudson Yards, Midtown is moving east to Queens. Long Island City is sprouting a small city worth of skyscrapers, ushering in thousands of new residents, hundreds of hotel rooms, and a few hundred thousand square feet of office space. To help us visualize the neighborhood's upcoming transformation, the dynamos at Rockrose Development commissioned visualization experts Zum-3d to produce this exceptionally accurate depiction of the changes afoot. Inspired by the rendering, 6sqft has put together a rundown of the nearly 30 under-construction and proposed projects for the 'hood.
See the full roster ahead

And the Cycle Continues: Stuy Town Ownership to Change Hands Again

Photo via Wiki Commons

May 14, 2014

And the Cycle Continues: Stuy Town Ownership to Change Hands Again

By Aisha Carter

It looks like Stuyvesant Town-Peter Cooper Village may be headed back to auction. Manhattan’s largest rental community is no stranger to the game of musical chairs that their owners have been inadvertently playing. The complex, comprised of 80 acres, 110 buildings, and 11,231 units between 14th and 23rd Streets, has had an interesting decade. It sold to Tishman Speyer Properties and BlackRock for a record $5.4 billion at the height of the real estate boom in 2006. Despite being accused of trying to push out lower income residents with high prices, they actually defaulted on their loan in 2010. Ownership of the property was transferred to the lenders, represented by CWCapital.
Drama in Stuy Town

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Tishman Speyer Properties

Chrysler Building sells for a discounted $150M, may become a hotel

Amazon could be the Chrysler Building’s new tenant

Queens’ New Skyline: A Rundown of the 30 Developments Coming to Long Island City

And the Cycle Continues: Stuy Town Ownership to Change Hands Again

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