Sam Zell Sam Zell’s Equity International is considering taking four of its companies public in Brazil, Colombia, Mexico and India. The Chicago-based investment firm is “seriously evaluating” initial public offerings for Indian lodging company Samhi, Colombian lodging company Decameron, Mexican mall operator Acosta Verde and Brazilian parking lot firm Estapar, Equity CEO Tom Heneghan told […]
Zell on Trump: The president’s tax documents showing massive losses “don’t tell much of a picture”
Donald Trump and Sam Zell (Credit: Getty Images) Billionaire developer Sam Zell, no stranger to controversy himself, sees nothing wrong with President Donald Trump’s tax returns, which according to a New York Times report showing when Trump’s businesses foundered, he paid almost no income tax for a decade. Zell said the documents “don’t tell much […]
National Cheat Sheet: House flips hit pre-crisis levels, ‘cannabiz’ entices the real estate sector… & more
Clockwise from top left: China Vanke in “early stage” talks to take its property management business public, report finds that U.S. house flips have hit near pre-financial crisis levels, ‘Opendoor Agent Partner Program’ marks a pivot back to humans and Brooklyn’s Williamsburg neighborhood bounces back following the reversal of this month’s scuttled L train shutdown. Report […]
Sam Zell talks “jungle” entrepreneurs, “dearth” of mergers
Sam Zell (Credit: Getty Images) The “jungle” entrepreneurs of real estate are a dying breed, according to billionaire Sam Zell. Zell, chairman of Chicago-based Equity International Group, said on Wednesday that the industry has gone from a “very jungle entrepreneurial environment” to an “institutionally driven” one over the past three decades. These days, fewer investors […]