Tishman, China Vanke To Construct San Fran Condo

Law360, New York (February 19, 2013, 6:39 PM EST) -- Tishman Speyer has teamed up with China's largest specialized residential property developer China Vanke Co. Ltd. in a $620 million joint venture to develop a residential condominium in San Francisco, the companies said Monday.

The firms did not publicly disclose the value of the joint venture, which a source familiar with the matter confirmed to Law360. Under the terms of the deal, Tishman Speyer will pour in $75 million and China Vanke will contribute $175 million, the source said Tuesday.

The development, which would be the...
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