Real Estate Developer Tishman Speyer Lends its Technical Expertise in Citywide Effort to Improve Air Ventilation in Schools

NEW YORK, Nov. 16, 2020 /PRNewswire/ — The United Federation of Teachers has teamed up with leading real estate developer and owner Tishman Speyer to assist with air ventilation solutions in New York City public schools.  Over the past several weeks, Tishman Speyer has worked on a pro bono basis, in close collaboration with the UFT, Department of Education and the School Construction Authority to improve ventilation solutions and source more than 100,000 MERV-13 filters for New York City public schools.

Tishman Speyer has been at the forefront of the effort to improve ventilation systems in response to the pandemic.  When I asked Rob Speyer for insight on how our school system could better protect the health and well-being of its students and faculty, he did far more than just give advice – he assigned a team of his best engineers and building managers to work with the

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Tishman Speyer SPAC goes public in a good week for real estate

The shares, however, won’t vest until a successful merger is made. David Feldman, a securities lawyer at Hiller PC, said this type of risk-reward ratio is not unusual for SPACS.

“They say they’re entitled to more compensation because they take the most risk,” he said. 

The special-purpose acquisition company, dubbed TS Innovation Acquisitions Corp., will focus on mergers and acquisitions of proptech companies, or technology businesses focused on the real estate industry. 

Tishman Speyer also invested $8 million in commitments to purchase stock once a deal is made. If they don’t close on one within a specified period of time, those stock options, or warrants, expire and it loses its investment. If a deal does close and share prices rise, the Speyers will get to buy those shares at $11.50 a piece, no matter their market price. 

Once that happens, however, shares become diluted and investors will earn less per

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Tishman Speyer’s real estate SPAC TS Innovation Acquisitions prices $300 million IPO at $10

TS Innovation Acquisitions Corp., a blank check company formed by Tishman Speyer targeting real estate and property technology businesses, raised $300 million by offering 30 million units at $10. Units consist of one share of common stock and one-third of a warrant, exercisable at $11.50.

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The company is led by CEO and Chairman Robert Speyer, who currently serves as CEO of real estate investment firm Tishman Speyer; COO, CFO, and Director Paul Galiano, who currently serves as Senior Managing Director of Tishman Speyer; and CIO and Director Jenny Wong, who serves as Tishman Speyer’s Managing Director of Innovation. 

The SPAC plans to leverage its management team’s experience and target the real estate industry, including real estate adjacent businesses and technologies. It cites later-stage businesses in the “Proptech” sector

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