1372 Broadway

During a time of unstable real estate valuations, how might the buyer of a Manhattan office building structure the acquisition, including leasing transactions, to maximize returns?
Lynne Sagalyn  | Fall 2009
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In the fall of 2008, seasoned real estate investor Lloyd Goldman created a stir with the $274 million purchase of a building in Manhattan's Garment District. The deal, just one of two that closed during the fourth quarter, was completed during a time of market turmoil and uncertain real estate values. Goldman and his investor group closed at a lower price than had originally been negotiated, and secured a buyer-friendly bank loan. In this case students compose a two-page memo addressing how the partnership might lower investment risk and adjust their leasing strategies to optimize returns.

Case ID: 091707

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