Ever heard of a guy named Sam Zell?
Don’t worry, outside Chicago many folks don’t know much abot this Billionaire. I thought I might bring some hope to all the newbie real estate investor / baseball fans out there with this little piece of news:
The Tribune Company Plans to Sell the Chicago Cubs before the end of 2007
Basically, the Cubs were owned by Tribune who was just bought out by Mr. Zell. Zell made his fortune investing in real estate. At one point (possibly still), one of his companies was the largest owner of apartments in the USA, and another was the largest office owner in the country. Pretty impressive stuff! If you don’t know much about the man, I recommend doing some research, as it is an interesting story . . . more importantly, it is inspiring to see what some knowledge in real estate can get you.
Zell decided that he didn’t want to hold on to the Cubs and has offered the team for sale; he wants to close the deal by the end of the baseball season.
Get off your computer and start making some real estate deals so you can get in on the bidding!