IS THE DAY OF PUBLIC-TO-PRIVATE OVER?
Well, there are some stalwarts out there who cling to thehope that the high-flying numbers recorded in take-privateacquisitions will continue. In fact, the majority of respondents tolast week's poll--56%--say the trend still has gas, while only 44%think that time has run out. Commentator Costello, E&Y's NewYork City-based real estate advisory services practice leader,falls into the latter category. Here's why:
"You had all of this cheap money floating around, and itprovided a great opportunity for people to cash out--just look atSam Zell--based on where they were in their life and career. Thatcheap money and the prices being paid were so compelling that itcreated all of this activity.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
