At least someone thinks US commercial real estate is a buy

Filed under Deals, Amancio Ortega - Zara

February 21, 2008 8:31 pm

and its a European!

Spanish Billionaire Buys Michigan Ave. Center for $350M

Ponte Gadea Group, the U.S. investment arm for Spanish billionaire Amancio Ortega, purchased 730 and 750 N. Michigan Ave. in Chicago from joint venture partners for $350 million, or about $1,398.50 per square foot.

read the rest published by Costar here:

http://www.costar.com/News/Article.aspx?id=FC0B3CCB31BBFBEFF71DB7D9081FB706

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At least someone thinks US commercial real estate is a buy

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