Manhattan Developer Makes Texas Push in Deal for Austin Offices
- Tishman Speyer purchase of buildings exceeds $145 million
- Office demand slowed in the city with new supply coming
Photographer: David Paul Morris/Bloomberg
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Tishman Speyer, the Manhattan-based owner of Rockefeller Center, is buying its first buildings in Austin.
The price for the properties in the Texas capital, which has emerged as a technology hub, was between $145 million and $150 million, according to a person with knowledge of the deal.