The Real Deal Miami

Zell: Reports of commercial real estate’s demise are exaggerated

February 08, 2010 12:04PM


Click on the image to watch Sam Zell on CBS 2′s “Monsters and Money in the Morning”

Sam Zell sat down with the hosts of CBS 2’s “Monsters and Money in the Morning” program in Chicago on Friday, and much to the dismay of Cubs fans and followers of the Chicago Tribune’s financial woes, he talked mostly about real estate. “There’s only one metric that matters in real estate,” Zell said, “and that’s supply and demand. When asked whether the commercial real estate market is really as dire as many are saying, Zell cited Mark Twain’s famous saying: “The reports of my demise are greatly exaggerated,” he said. Click here to watch the video.

3 Responses to “Zell: Reports of commercial real estate’s demise are exaggerated”

  1. February 08, 2010 at 1:17 pm, Anonymous said:

    Don’t bet against Zell , unless he decided to buy another newspaper business. Time is clicking Zell, so don’t get desperate!

  2. February 08, 2010 at 3:14 pm, Anonymous said:

    he needs an uglydectomy

  3. February 08, 2010 at 7:58 pm, Anonymous said:

    #1 – I bet you own a Toyota and had money on the Colts. It’s difficult to maintain a winning streak over a long period of time. Zell’s experience with the Tribune Company is a warning sign that his better days are behind him.

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