Mortgage Blog

Are professionals supposed to be smarter?

February 4th, 2011 5:56 PM by Eric Fang

A year ago, a somewhat desperate MBA(Mortgage Bankers Association)
sold its (somewhat) new 10-story office building in downtown D.C.
to CoStar Group for $41 million, or $34 million less than what
it paid to build the thing the year prior.

Thursday afternoon, CoStar very quietly on its website bragged
that they sold it for 101Million just one year after the
acquisition.

Was not MBA supposed to be smart? Or they may be very pessimistic
about commercial RE then?

Posted in:General
Posted by Eric Fang on February 4th, 2011 5:56 PM

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