Wednesday, August 22, 2007

Like I've been saying....

I mentioned the other day that I thought some players had to be sitting on cash waiting for a price drop. Here's some confirmation from Susan Diesenhouse in today's Tribune. We already knew Hines was flush with pension fund and other cash, and it also looks like Hines is buying 101 N. Wacker in yet another EOP/Blackstone flip. And I'll bet more than a nickel (a quarter, perhaps?) that Hines and Intercontinental are not alone.