Trouble in North San Jose For Tishman Speyer
June 29, 2009
Tishman Speyer has defaulted on the loan it used to finance the purchase a 40 acre site from BEA Systems in 2007. Tishman paid about $60 psf ($108M) for the site in March of 2007, which BEA Systems then parlayed into the purchase of the office tower at 488 Almaden from Sobrato. Tishman had intended [...]
Read More >>AIG, The Bailout, and Legacy Partners
October 1, 2008
The $85B Bailout the Federal Reserve provided AIG involved a two-year loan designed to give AIG the headroom and time for it to conduct an orderly sale of its assets. Over the past several decades, AIG grew from a simple insurance company into a conglomerate which provides everything from aircraft leasing services to auto insurance. [...]
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