How the EOP auction began 
pic.twitter.com/SW9828A6UC
Two funny things to note about this: 1. Pretty good chance these old friends cooperated to drive up Blackstone's price 2. Blackstone bought at the top of the market...and then still made money!
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2. (cont'd) it's one thing to buy at the top of the market, but to buy from Sam Zell and make money, hard to fall into an adverse selection trap there (but maybe RE is different)
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And Macklowe left holding the bag
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