via NYT


Sam Zell’s Empire, Underwater in a Big Way
NYT, February 6, 2009

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

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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.