Discretion & Distress
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|Speaking of deals, it’s starting to get difficult following all the action in the market. Massey Knakal chairman Bob Knakal (second from left, with Troutbrook Co.’s Marc Freud and JPMorgan’s Michael Sarkozi and Marilyn Mawn) gave us an idea of where it’s coming from at the recent NYU Schack Institute Evening of Monopoly. Expect the activity to continue as we see more discretionary sellers looking to off-load assets before a capital gains tax hike go into effect, he says, as well as more capitally distressed sellers. His recent transactions include the sales of four $50M-plus notes.|