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johnsonutah t1_j2wm5ic wrote

Reply to comment by spmahn in Westfield Trumbull mall sold as part of deal worth $196 million by jaydecay123

I just don’t understand how a dilapidated building would sell for more later down the line than it would today. The investor who would buy to retrofit could’ve bought it today…why would they buy it later for more

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DanHassler0 t1_j323ioj wrote

It won't. Someone else suggested they use some sketchy financials and tax schemes to make some money.

They also buy these dirt cheap. When the mall owners want out quick that's where Namdar and others jump in. This land is somewhat valuable so they won't lose tons of money when they sell it anyways.

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