Crescent Down, San Francisco EOP Assets To Go
November 20, 2009
In the news today is Morgan Stanley’s handing back of the keys on the Crescent Real Estate nightmare they acquired two years ago. The nightmare wasn’t that they were bad assets, the nightmare was the price paid for the portfolio and the subsequent fall in the market.
We were out in front of the Crescent deal. [...]
Chairman of AREA (Apollo) William Mack on CNBC
November 11, 2009
William Mack, the founder and chairman of AREA Property Partners, formerly Apollo Real Estate Investors was on CNBC. He seems to generally share the same view as Soros and Ross.
He focuses in on consumer confidence as the driver for a recovery. The four things are: 1) job recovery, 2) home price recovery, 3) access to [...]
