Quote:
Originally Posted by ardecila
Sterling Bay was going to put in $150M of capital investment, that wasn't an offer to purchase.
I'm guessing Sterling Bay wanted to do something basic - large floorplate office and parking - and Davies rejected this vision because he still wants to build some kind of futuristic mixed-use arcology.
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The Crain's article, citing sources close to the deal, clearly stated Sterling Bay offered to buy the property from Davies for $150 mil. Are you stating that you know that is not factual?