ANN ARBOR, Mich.-- Billionaire developer Sam Zell is scheduled to speak this week at a gathering of more than 200 private equity, investment banking and business leaders at the University of Michigan. Zell is one of the keynote speakers Friday at the Michigan Private Equity Conference in Ann Arbor.
A compounding lack of confidence in the future has kept American companies from investing in their businesses and is leading the country back into recession, real estate mogul Sam Zell told CNBC.
CNBC's Rick Santelli & Steve Liesman discuss some provovative words from real estate mogul Sam Zell this morning on "Squawk Box."
Weighing in on the severity of the housing crisis and whether government programs can actually help relieve troubled mortgages, with Sam Zell, Equity Group Investments chairman, who says the hole in housing is significantly bigger today than it was when the crisis was discover pre-2007.
Columbia, Peru and Chile is where real-estate mogul Sam Zell is investing next, he told CNBC Monday.
In separate interviews, Ray Dalio of Bridgewater Associates, Warren Buffett, and Sam Zell all predicted that the dollar will face tough sledding in the months to come, affecting everything from Americans' standard of living to the growth of the smallest developing countries.
The US standard of living could drop 25 percent if the dollar loses its standing as the world's reserve currency, investor Sam Zell told CNBC.
The owner of the Tribune Company, Sam Zell, told CNBC Monday that he won’t be involved in the company once it emerges from bankruptcy.
It's been touted as one of the most difficult and disastrous media deals in recent memory. Even billionaire Sam Zell himself called it ... "the deal from hell."
Tribune Co. CEO Randy Michaels resigned Friday, pressured by tales of raunchy behavior that likened him to the ringleader of a college fraternity house.
Under Sam Zell, the Tribune Company was bankrupted by its debt, and employees describe a profane and alienating workplace, reports The New York Times.
Brazil is booming and brimming with business opportunities—“it’s US 1950”—billionaire businessman Sam Zell told CNBC Wednesday. He said if Brazil continues on the same course, he predicts it will be one of the top two countries for growth worldwide.
The worst of the residential housing market is over, Equity Group Investment Chairman Sam Zell told CNBC on Wednesday. But he said fraud was a major force behind the problems.
When Sam Zell announced he'd be selling the Chicago Cubs in 2007, many had speculated that the winning bid would be in the $1 billion range. But that didn't account for the fact that during the long drawn out negotiations, a huge economic crisis would hit, freezing up credit markets and making financing for a prospective owner a harder task.
In the past week two beleaguered newspaper companies — The New York Times and the Tribune Company — have found near term solutions to their long term problems.
European shares are up 2% despite some bleak economic reports out of the U.K. today. A survey performed by the country’s largest mortgage lender showed home prices plunged 16% in the fourth quarter from a year ago. That was the sharpest decline in at least 25 years.
I've made my predictions for 2009, so It only seems appropriate to look back at the predictions I made a year ago. The world has been transformed by the financial crisis over the past year, so I have to say I'm pleasantly surprised by how much I actually got right, and how much continues to seem to be true.
Sam Zell came on CNBC's "Closing Bell" this afternoon to discuss the bankruptcy of the company he owns, the Tribune Company. Anchor Maria Bartiromo asked Zell some questions about the sale of the Chicago Cubs. Here's the transcript of the conversation.
Detroit auto makers should be rescued, but through a planned bankruptcy overseen by the federal government, according to real estate magnate Donald Trump.
Sam Zell saw opportunity in the Tribune Co., when he took it private in April 2007, giving employees a majority stake in the debt-heavy company.