VNO and the EOP: Blackstone Transaction
In 2007 Vornado Realty Trust and The Blackstone Group entered into a bidding war to acquire the nation's largest publicly held office REIT - Equity Office Properties Trust. Ultimately, Blackstone won the auction at an approximate cost of $3 billion greater than its initial offer. This case asks students to assess the strategy, financial impacts, and actions taken by each party to carry out its business plan for the transaction.
The Mortgage for 1800 L Street
This case asks students to scrutinize the documents of a mortgage loan that the lender has put up for auction during a period of market distress.
1372 Broadway
Students are asked to evaluate the strategy of an acquisition and propose leasing transactions that could enhance the bottom line of the investment.
The Associate's Task: Financial Tales of Changing Place
Set during the uncertain real estate market of 2009, this case maps out the analytic tools and thought processes of a seasoned financial analyst as she assesses the investment potential of several urban properties.
Zenith Center
This case asks students to identify the due diligence issues and develop an acquisition work plan for a high risk investment opportunity.
Bidding for 1800 L Street
This case asks students to scrutinize a mortgage loan that has been put up for auction and determine whether it is worth a bid.
Development of the New York Times Building: Common Ground Before Breaking Ground
This case discusses the development of the New York Time's new headquarters. On September 11, 2001, all parties involved had already shaken hands, but no legally binding documents had been executed. The partners must now meet to evaluate the project's feasibility.
Capturing the Chrysler Building
This case follows the 1997 auctioning of the Chrysler building. Steve Wechsler, a senior managing director and partner at Tishman Speyer, must analyze the overall economics of a feasible transaction and develop an acquisition strategy that will give his firm a competitive advantage in the auction.
Homex: Investing in Emerging Markets Real Estate
Equity International considers investing in Homex, a privately-held, entry-level homebuilder in Mexico.