Jmb Hung On To The Wrong CoattailsDavid Greising
For a company that wasn't supposed to stumble, Chicago's JMB Realty Corp. sure has found the footing awkward lately. In March, the demise of Randsworth Trust PLC cost JMB its entire $50 million investment in the London real estate firm. The 13 pension funds that JMB had recruited to invest along with it lost $381 million more. Now, JMB finds itself entangled in the spreading financial disaster that is Canadian real estate giant Olympia & York Developments Ltd.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.