Comments on: Mortimer Zuckerman Loses 165 Million On 3 Rental Properties – And You Think You Have It Tough http://www.therealestatebloggers.com/2009/01/30/mortimer-zuckerman-loses-165-million-on-3-rental-properties-and-you-think-you-have-it-tough/ Real Estate Blog, Mortgage, and Development News Fri, 20 Nov 2009 23:48:48 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Georg Wlazavshevsky http://www.therealestatebloggers.com/2009/01/30/mortimer-zuckerman-loses-165-million-on-3-rental-properties-and-you-think-you-have-it-tough/comment-page-1/#comment-337669 Georg Wlazavshevsky Mon, 02 Feb 2009 15:29:19 +0000 http://www.therealestatebloggers.com/2009/01/30/mortimer-zuckerman-loses-165-million-on-3-rental-properties-and-you-think-you-have-it-tough/#comment-337669 For future reference -- assuming there IS a future remotely resembling the quasi-capitalist past --- note how mega-cycles end on the concluding of "the biggest deal in history" , etc,etc. Remember the Japanese that were taking over America's economy circa 1989 when they bought Rockefeller Center at top-tick ? ..... and Zell selling his giant EOP portfolio into "a hot property market" ... yada,yada,yada. Some real estate 'expert' in the know should check the current status of those who Blackstone immediately flipped and dumped Zell's properties on --- all of 'em in death spiral 'distressed' state ????? Surprised ? For future reference — assuming there IS a future remotely resembling the quasi-capitalist past — note how mega-cycles end on the concluding of “the biggest deal in history” , etc,etc.
Remember the Japanese that were taking over America’s economy circa 1989 when they bought Rockefeller Center at top-tick ?
….. and Zell selling his giant EOP portfolio into “a hot property market” … yada,yada,yada.

Some real estate ‘expert’ in the know should check the current status of those who Blackstone immediately flipped and dumped Zell’s properties on — all of ‘em in death spiral ‘distressed’ state ?????
Surprised ?

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