GE To Buy Commercial R.E.!
This is how the world works!
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General Electric (GE) plans to raise cash — $1 billion to $3 billion — from outside investors to begin investing in commercial real estate and other properties through newly established real estate investment funds.It's all a game to move money from little pockets to the BIG pockets or major corporations and we're the patsy.[...]
"We think it'll be a good time to take advantage of pricing adjustments," said Joe Parsons, chief executive of GE's recently initiated global investment management division.
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Posted by movermike on
Saturday March 29, 2008 at 11:33am
