If it was a media outfit or a fashion house, the deal would be the talk of the town's free-spending classes. But it's hard to find more than a handful of Wall Street analysts who follow the shop. But its local dealmaking is not exactly chopped liver. Wall Street has not been kind to real estate service companies.
Brokerage is the toughest business to predict.
A lease you expect to take six months to negotiate takes 15. Other than buildings you have under management, you don't know what you're gonna do. All the public companies, including Insignia, has debt. A CB Richard Ellis spokesman said he could not comment under SEC rules.