via NYT

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Source:
Sam Zell’s Empire, Underwater in a Big Way
CHARLES V. BAGLI
NYT, February 6, 2009

http://www.nytimes.com/2009/02/07/business/07properties.html

Category: Digital Media, M&A, Markets, Real Estate

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Sam Zell’s Commercial Real Estate Debacles (by City)”

  1. bottyguy says:

    I don’t understand the title of this post or the article at the NYTimes. Why are these Zell’s debacles? It looks like he sold the properties at the market top. Isn’t that good for him, but a debacle for the buyer?

  2. occamg says:

    What I got out of the NY Times article is that there was a massive transfer of wealth from stupid banks to Sam Zell. Maybe Zell can now help in the bailout.

  3. tholt says:

    The New York Times corrected the headline of this article, omitting “Sam Zell.” The paper did not include his name; it was incorrectly added in the online version of the story. Bottyguy is right, the headline doesn’t fit the article, since Zell sold at the height of the real estate market. The assets were a debacle for the buyers.