12.10.2010
Another Tidbit About the State’s Sale of 11 Office Buildings
One of the principals of Antarctica Capital Real Estate, a group of investors who banded together to bid on the state office buildings, is Rich Mayo. This is the sixth paragraph of his biography at Spyglass Realty Partners, the firm he heads:
“As an appointee of former Governor Pete Wilson, Rich was responsible for overseeing the privatization of the State of California’s 35 million square foot real estate portfolio. He directed all surplus land dispositions, leasing, acquisition, planning, construction and asset management activities.”
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Filed under: Budget and Economy
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Well at least he has some relevant experience
Comment by Richard — 12.10.2010 @ 11:23 am
Why would be surprised that those who have managed to stay robust financially through these messed up and tumultuous financial/real estate-crumbling times would lay in wait with their cash reserves for the best deals? They are successful because they take the Long View (Think Long?), keeping options open and working their considerable network of politicos and other financial titans.
Lest we forget: the rich get richer and the poor get children.
Comment by Robyn Boyer — 12.10.2010 @ 11:23 am