Sore loser

Imagine what we'd be like without any money!

I hear that Antares partner Jimmy Cabreras tossed Greenwich Time reporter Teri Buhl out of 100 West Putnam Avenue when she stopped by to see how he’s doing. When things were going well for the Boys, you could barely keep your email in-box clear of their invitations and self-congratulatory press releases. Guess that’s changed.

I had occasion to drop Pal Nancy off at Pitney Bowes headquarters in South Stamford last week and saw for the first time the development going on down there. It’s amazing, and I almost – almost – felt sorry for the Boys because they did a heck of a job assembling all that real estate before losing it due to their inexperience and incompetence.

7 Comments

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7 responses to “Sore loser

  1. James O'Boston

    huh. seems like they were off course even before everyone else.
    this from ‘aught-six:

    “Tenants renting at the multibuilding complexes were offered “insider” incentives to buy their units, priced at an average $1 million, with reductions that the developers say exceed $100,000 in some cases. Yet, Mr. Beninati said, fewer than 10 tenants have signed contracts to buy any of the 462 units. He ascribes the lack of interest to a hesitancy among longtime renters to buy and dismisses suggestions that Antares misread the market”

    this’ll get ya to the story for free:

    http://images.google.com/imgres?imgurl=http://graphics8.nytimes.com/images/2006/10/15/realestate/15wczo.600.jpg&imgrefurl=http://www.nytimes.com/2006/10/15/realestate/15wczo.html&usg=__05OZcVasXRph_c6vhi5SyRGWTvk=&h=302&w=600&sz=199&hl=en&start=4&sig2=gEKP6spLV66-idX3O5tmUg&um=1&tbnid=TkxXxz–NpMRpM:&tbnh=68&tbnw=135&prev=/images%3Fq%3Dantares%2Bpartners%2Bconnecticut%26hl%3Den%26client%3Dsafari%26rls%3Den%26sa%3DN%26um%3D1&ei=KelUS6qrLpqatAOPy6x4

  2. Baby Doc

    You seriously need to come to Stamford more often.

    The heart of our Haitian community is less than a mile north of you on the Post Rd.

    Stop in at Lacaye Restaurant on Elm St. and we’ll make you forget guinea pig dinners.

    • christopherfountain

      Years ago a law firm I worked for in Stamford had a Haitian family as clients – I believe the husband came over first, worked as a janitor in a building until he saved enough to buy the place, fixed it up and then slowly over the years brought his family up from Haiti and put them to work in his growing empire. Wonderful people and their success really demonstrated that America is still a land of great opportunity. I have respected Haitians ever since.

  3. Sanjay Bigglesworth

    If I am not mistaken, it was just two parcels of land. The largest piece was the old PB manufacturing facility and the smaller lot was an old oil storage facility.

  4. Anon mouse

    On the surface, it seems like a nice assemblage, but when one is willing to way overpay for parcels – in come cases over 70% on top of “market value” – I don’t know if that displays good dealmaking skills or rather just having too much of other peoples’ money and then “chasing deals”…

  5. Teri Buhl

    Fountain is right – I was asked to leave the site and there were a few more choice words delivered by Jim on why my open invitation had suddenly been revoked. Check out the Greenwich Time blogs latter today if you want to hear more.

    I’d also like to take a second to point out that none of the main street media (including my reporting at Dealbreaker last summer) would have been able to report all the dirty details on the Antares boys if it had not been for Fountain’s insightful view on what was really going on behind the scenes in this saga.