There Goes Tishman
|AECOM Technology Corp acquired Tishman Construction Corp in a $245M transaction, in cash and common stock. According to our New York reporter Amanda Marsh, here's the drill down: It expands AECOM?s higher-margin construction/project management business—a global market estimated at $100B by Engineering News-Record. Amanda snapped this of Tishman chairman Daniel Tishman with The Durst Org. chair Douglas Durst in May (Tishman was construction manager for Durst?s 4 Times Square). He'll continue to head Tishman and joins AECOM as vice chair and board member.
|Tishman has left its mark on Boston with projects like the Ames (above), Liberty Hotel, and JetBlue terminal at Logan. For AECOM, the construction firm brings to the plate 900 employees in the US and United Arab Emirates and generates annual revenues of $1B. Some of its other notable projects: One and Four World Trade Center in NYC, and the US Food and Drug Administration?s 5.5M SF HQ project in DC.