CommonWealth REIT said billionaire Sam Zell, who has been nominated by dissident investors to join its board, has a conflict of interest that puts him at odds with the company’s shareholders.
Billionaire property investor Sam Zell said high-quality buildings will fill at lower rents over the next year and a half amid a slump in commercial real estate construction.
Tribune Co. ’s bankruptcy judge said he isn’t yet ready to decide whether potential lawsuits against company Chairman Sam Zell related to the billionaire’s $8.2 billion buyout of the newspaper publisher “have merit.”
"This name change reflects a new chapter for the company."
- Sam Zell on Jul 17, 2014