The Greater Sucker Theory and Consequences for Tenants
Commercial real estate has seen a tidal wave of activity this year. Sam Zell sold his darling, Equity Office Properties (the nation’s largest office REIT) to Steve Schwarzman’s private equity group, The Blackstone Group, for $39 million. In less than two months, 50% of the properties were “flipped”, mitigating nearly 70% of the […]
