2008 CPN Goldbook - (Page 24) OWNERS, INVESTORS & DEVELOPERS Silverstein Properties Inc. Silverstein Properties Inc. is leading the redevelopment of the World Trade Center in Manhattan. It built Seven World Trade Center, which became New York City’s first certified green office tower upon completion in May 2006; the firm plans to start construction in 2008 on three additional World Trade Center towers, which together will form the heart of a revitalized office-and-retail corridor along the eastern edge of the site. The firm is also planning to begin construction this year on a major LARRY SILVERSTEIN residential and hotel complex at 99 Church President & CEO Silverstein Properties Inc. St. in Lower Manhattan in partnership with the California State Teachers’ Retirement System. In Midtown, the company recently began construction on the city’s largest rental-housing development, Silver Towers at River Place. Resort & Spa, a Wyndham Grand resort in Puerto Rico. Tishman Realty affiliate Tishman Construction Corp. has more than $10 billion worth of work in progress throughout the United States. Tishman Speyer Properties Since its founding in 1978, Tishman Speyer Properties has acquired, developed and/or operated more than 245 properties in the United States, Europe, Latin America and Asia. The company owns and manages more than 80 million square feet representing over 120 office buildings and more than 11,200 residential units. In October 2007, the company began construction of a 12-story, 347,000-square-foot speculative office building at 1100 First St. in Washington, D.C. The first building of the two-phase project is scheduled for completion by April 2009 and is fully available for lease. Spectrus Real Estate Group Spectrus Real Estate Group, formerly FOR 1031, was established in 2003 to help property owners take advantage of Internal Revenue Code section 1031 tax legislation that allows proceeds from certain like-kind property to defer the capital gains tax. In October 2007, the company announced that it would no longer initiate new offerings of its tenant-in-common income-producing real estate and will focus on growing its single-buyer net lease business. Spectrus Real Estate is based in Boise, Idaho. Starwood Capital Group Global L.L.C. makes real estate-related investments on behalf of commingled funds sponsored and created by Starwood Capital or its affiliates. During the past 16 years, the firm and its affiliates have invested $6 billion worth of equity capital in transactions worth more than $30 billion. It has helped expand several companies, including iStar Financial Inc., Starwood Hotels & Resorts Worldwide Inc., Equity Residential and National Golf Properties/American Golf Corp. Tishman Realty Corp. developed and owns the E-Walk retail/entertainment complex in Times Square and is developing a 600-room hotel that is scheduled to open in 2010 at West 44th Street and Eighth Avenue in Manhattan. The company owns 7,400 hotel rooms in the United States and the Caribbean, including The Walt Disney World Swan and Dolphin, the Sheraton Chicago Hotel & Towers and the Rio Mar Beach Transwestern Investment Co. Transwestern Investment Co. pursues domestic, valueadd investment strategies through a series of institutionalequity-fund vehicles. Aslan Realty Partners III L.L.C. is seeking undervalued commercial properties and to date has invested almost $3 billion. Transwestern Mezzanine Realty Partners III L.L.C. held its first capital closing in October 2007 and is targeting total commitments of as much as $500 million. Transwestern Investment also purSTEPHEN QUAZZO sues multi-family investments through CEO Transwestern Investment Co. Transwestern Multifamily Partners L.L.C., which had its final capital closing in July 2007 with total commitments of $227 million. The company employs 80 professionals and is based in Chicago. LEE BROOME Vice PresidentBusiness Development Spectrus Real Estate Group Starwood Capital Group Global L.L.C. Wells Real Estate Funds Inc. Atlanta-based Wells Real Estate Funds Inc. has invested in more than $11 billion worth of real estate on behalf of over 200,000 clients. Wells Real Estate Investment Trust II completed several significant acquisitions in 2007, including Northpointe Corporate Campus near Seattle, the future headquarters of Newell Rubbermaid near Atlanta, the headquarters of MICROS Systems Inc. near BaltiLEO WELLS more, the headquarters of CH2M HILL President & Founder Wells Real Estate Funds Inc. outside Denver and an office tower at 222 E. 41st St. in New York City. Also in 2007, Wells Timberland REIT acquired property and leaseholds totaling 323,000 acres of forestland in Georgia and Alabama. BARRY STERNLICHT Chairman & CEO Starwood Capital Group Global L.L.C. Tishman Realty Corp. JOHN VICKERS Chairman & CEO Tishman Realty Corp. 24 Commercial Property News 2008 Goldbook
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