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Thursday, Apr 10, 2025

Tishman Could Net More Than $600M

New York-based Tishman Speyer Properties will list its Brickyard and Collective at Playa Vista campuses in Playa Vista, according to a source familiar with the matter.

The properties are expected to fetch more than $600 million. Tishman Speyer declined to comment.

Eastdil Secured has the listings.

Brickyard, at 12105 and 12126 W. Waterfront Drive is a 425,300-square-foot campus with creative office space and retail.

Collective, located at 12005, 12015, 11975, 11985 and 11995 West Bluff Creek Drive is a 204,422-square-foot campus with five buildings.

Tenants in the Silicon Beach neighborhood include Facebook Inc., which recently signed a lease to increase its footprint in the area.

Earlier this month, the Business Journal reported Tishman Speyer had a deal in the works to sell the Wilshire Courtyard, a 1-million-square-foot complex in Miracle Mile, to Onni Group of Cos. Ltd. for roughly $630 million. Tishman Speyer purchased the Wilshire Courtyard in 2012 for $423 million.

Tishman Speyer’s properties include Rockefeller Center and Yankee Stadium in New York and 555 Mission St. in San Francisco.

Hannah Welk
Hannah Welk
Hannah (Madans) Welk is the editor-in-chief at the Los Angeles Business Journal and Inside The Valley (formerly the San Fernando Valley Business Journal). She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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