Word: zelle
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Maybe it's time to bury the label that has always attached to the Chicago investor Sam Zell. He has been called the "grave dancer" because of his appetite for distressed or mismanaged assets, from real estate to railcars. Yet Zell manages to find an awful lot of life in dead assets--his net worth is estimated at $6 billion...
ITHACA, N.Y.—For a brief period in the third quarter, it appeared that Harvard might be in for a fourth straight game decided by a touchdown or less. Cornell’s Peter Zell nailed a 38-yard field goal on the Big Red’s opening drive of the second half to pull to within four points of the Crimson at 19-15, a deficit that had been 19-0 with just 3:11 to play in the second quarter.Momentum would not stay with Cornell long, however, as Harvard responded with a 51-yard touchdown...
...biggest threat, though, is a crash in the property or stock market. When U.S. property and media tycoon Sam Zell visited India in April, he told local real estate executives that they were "on the brink of excess" and that the boom could end in a bust. Real estate stocks plunged as much as 50% in a general market sell-off last spring, while property prices have fallen 20% or so in some areas in the past six months. Both the government and the Reserve Bank of India are trying to cool the real estate sector without crashing...
...particular gained a reputation for improving the properties it bought. But with profits under severe pressure from the Internet, Wall Street has turned the screws. Knight-Ridder was sold off and busted up last year; Tribune, which bought Times Mirror in 2000, was acquired by vulture investor Sam Zell in April...
...Only a month ago, investor Sam Zell acquired effective control of the Tribune company - owner of such venerable papers as the Los Angeles Times and the Chicago Tribune - for not much more than the value of the company's landmark headquarters. After that debacle, Murdoch's cash-on-the-barrel offer of roughly $25 above the Dow Jones share price seemed to spell the end of a nightmare...