Equity Office Portfolio
In Contract? Big Whoop: Negotiations Linger as Sellers Play Nervous Field
Property Shark
Forbes Building.
The investment side of the commercial real estate industry is rife with tales about buildings sitting pretty, and pretty, and pretty, while brokers and landlords and buyers finagle, and time passes.
There’s the Forbes Building, the American Stock Exchange Building, the four remaining Equity Office Portfolio towers on the market since early this year.
Aside from the oft-repeated truisms that the market is in the dumps, financing is scarce and buyers and sellers are engaged in a pricing stalemate in which both refuse to budge, there might well be another factor.
Back in July 2007, when a buyer had a contract out on a building, that meant there were two players involved—the buyer and the seller. read more »
