Sam Zell News

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Tribune Company Finally Reaches Deal To Sell the Cubs

What was supposed to happen by the end of May, er, in February, er, in December of 2008 -- you get the idea. The sale of the Chicago Cubs from Sam Zell's Tribune Company has been dragging along at a sloth-like pace for as long as anyone cares to remember. Judging by this past weekend, though, it appears the finishing...

Sale of Chicago Cubs to Finally Conclude?

I honestly can't remember what it was like with the Cubs' ownership firmly in place. We've been dealing with talks of the ownership for the past few years, things ranging from Mark Cuban's involvement to Sam Zell trying to sell Wrigley Field and the Cubs separately to the situation handcuffing any possible trade talk with...

Team Owners Favor McCain Over Obama

Over at The Politico, reporters Ken Vogel and Matt Lindsey did plenty of scout work to determine that when it comes to owners of major league sports franchises, Republican Senator and presumptive GOP Presidential nominee John McCain is doing far better than his Democratic Party counterpart Barack Obama in the fundraising...

Odd Endorsement News: Gammons Completely Backs Cuban Buying the Cubs

In our country's history of bizarre endorsements, I don't think Peter Gammons calling Mark Cuban's purchase of the Cubs a "great fit" is quite as shocking as say, Hunter S. Thompson rising from the grave to declare the need for another four years of Dubya, but it's pretty bizarre. Gammons is as old school as it gets in...

Everyone Wants to Buy the Cubs

With the Cubs streaking and trading for Rich Harden and leading the National League and the All-Star break and all those good things, it's easy to forget the Cubs are for sale. Well, the Cubs are for sale. Today Inland Real Estate, which is based in the Chicago area, made an offer for Wrigley Field and the Sun-Times...

Sam Zell News From the Web

05/30/12 Locally Based Partners Key in Global Real Estate Source: GlobeSt.com LOS ANGELES-Investing in a global real estate marketplace can be tricky in the best of conditions, but throw an iffy economy into the mix and the question marks multiply.
05/24/12 Lehman in $1.58 billion Archstone apartment deal -... Source: Interactive Investor Lehman Brothers Holdings Inc, one of three owners of Archstone, has reached a deal to buy the last portion of the apartment company it does not own for $1.58 billion (1 billion pounds), said a source familiar with the deal on Thursday.
05/22/12 2 International Real Estate ETFs To Profit From Source: Seeking Alpha With Moody's issuing a blanket downgrade for the Spanish banking sector , JP Morgan ( JPM ) looking at a potential $5 billion in trading losses, and the MSCI European Financials ETF ( EUFN ) close to a 52-week low (again), emerging market investors might be leery of approaching any stocks in the real estate construction sector.
05/09/12 The Daily Docket: Lehman Blasts Banks' Deal With Zell Source: Bankruptcy Beat - The Wall Street Journal Lehman Brothers Holdings Inc. lashed out at Sam Zell's deal with Bank of America Corp. and Barclays PLC to extend Zell's option to buy their remaining stake in the Archstone apartment company, saying the stalling is "detrimental to Archstone's operations."
05/03/12 Eli Broad Wants to Buy Los Angeles Times (Again) Source: LA Weekly - Los Angeles CA Now local billionaire Eli Broad is once again teasing us with the possibility that he could buy the Los Angeles Times and kick its loathed ownership -- the Tribune Co. and its tard of a chairman, Sam Zell -- to the curb.