Wilbur Ross, LeFrak Interested in Stuyvesant Town
January 25, 2010
A partnership between Wilbur Ross and Richard LeFrak have expressed interest in Stuyvesant Town, from management to outright acquisition. And they have the funds to back it up: “We are not really capital-constrained, so we can put up whatever is needed,” Ross said in a telephone interview. “We’re prepared to go all the way.” The [...]
Read More >>Wilbur Ross, Sam Zell, Richard LeFrak on CNBC – The Billionaire’s Roundtable
December 2, 2009
CNBC featured a two-part “Billionaire’s Roundtable” featuring Wilbur Ross, Sam Zell, and Richard LeFrak. Some of the slogans: “Dilution is the Solution”, Owners in “Negative Leverage Purgatory”, “What Happens in Dubai, Stays in Dubai”. The discussion tackles commercial real estate, newspapers, emerging markets, retail, and gold. CNBC also calls Sam Zell out on the comments [...]
Read More >>Sam Zell Tells Wilbur Ross To Piss Off
November 19, 2009
Speaking at the Capital Markets conference in New York, Sam Zell took a few shots at “experts” such as Wilbur Ross who were predicting widespread problems in the commercial real estate arena. Apparently taking issue with recent comments Mr. Ross made to the press about a huge crash hitting commercial property markets, Zell said for [...]
Read More >>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 [...]
Read More >>Wilbur Ross On CNBC
November 3, 2009
The talk on commercial real estate begins around 4:25…
Read More >>And Now Wilbur Ross on Commercial Real Estate…
October 30, 2009
Billionaire investor Wilbur L. Ross Jr., said today the U.S. is in the beginning of a “huge crash in commercial real estate.” “All of the components of real estate value are going in the wrong direction simultaneously,” said Ross, one of nine money managers participating in a government program to remove toxic assets from bank [...]
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