Articles About Sam Zell

The recession has thwarted real estate billionaire Sam Zell’s plans to raze the art deco, 80-year-old, 26-story 2 North Riverside Plaza building that housed the Chicago Daily News until 1960 and replace it with an office tower.  Instead, Zell’s Equity Group Investments is beginning a multi-million dollar renovation of the building, which the advocacy group […]

As a follow-up on a previous blog, the Chicago Cubs have been sold to the Ricketts family in an $800 million deal that encompasses the team, Wrigley Field and a 25 percent stake in Comcast SportsNet.  The Tribune will keep a five percent stake in the assets; this means the transaction is worth approximately $845 […]

Wonder where real estate titan Sam Zell’s investment dollars are going during these recessionary times?  Despite the global financial crisis, Zell is investing in countries like Brazil, Egypt, Mexico and China – all of which he says have a shortage of affordable housing and lack infrastructure. Zell, the chairman of Chicago-based Equity Group Investments, LLC, likes […]