Hints and tips:
...That figure pales against the total value of the US housing market – $23.7tn at the end of 2012, according to Zillow – but it could grow exponentially if Blackstone et al are able to get their hands on cheap...
...Among the early bidders are a Chinese sports entrepreneur, Kenneth Huang, who claims to have the backing of his government; and the Kuwait-based al-Kharafi family.Related link: Liverpool FC auction draws...
...But surely there are still lessons here for Schwarzman et al? Even if it’s just about effective PR....
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