Update: CNBC's Diana Olick shed some light on why Equity Office Properties is such a hot buy. She noted that it holds commercial property in markets where business-oriented real estate is still "very solid," including New York City, Boston, San Francisco and Washington, D.C. Olick focused on the latter, where EOP holds seven office buildings -- and where the occupancy rate is an amazing 97%. (Check out Olick's blog, Realty Check.)
The Super Bowl isn't the only big-money competition people are betting on this week: second-guessers are trying to call the shots before Monday, when Equity Office Properties shareholders will vote whether to accept takeover bids from Vornado or Blackstone Group.
CNBC's David Faber deconstructed Vornado's latest offer of $56 per share, made this morning. Sure, at first glance, the sweetened bid tops Blackstone's $54 all-cash proposition, but he says "there's a good chance" Vornado's offer won't thrill EOP investors.