Rockefeller Center Owner Tishman Wants More Deals With Vanke

Tishman Speyer Properties LP, the owner of New York’s Rockefeller Center, wants more deals with China Vanke Co. after partnering with the nation’s biggest developer on its first foray into the U.S. real estate market.

The companies are planning two residential towers in San Francisco that will cost $620 million and have 655 units, making it one of the largest condominium projects in the city, according to Rob Speyer, Tishman’s president and co-chief executive officer. Vanke will invest $175 million, Tishman will put in $75 million and $370 million will be financed by bank loans, said Speyer.