Quote Originally Posted by Lowell View Post
They gotta be dreaming on this one [The Fisher and Kahn were bought for less] but one has to give snarky kudos to Shanghai-based DDI for snapping this and the Stott up in 2013, not putting a penny in either plus leaving the Stott destroyed and tenantless].

The are already up nearly $4mil over what they paid for both from flipping the Stott to Gilbert. They must feel they are in no hurry.

Anybody know what the Chinese for chutzpah is?

Former Detroit Free Press HQ building, owned by Chinese investment group, hits market for $16 million

DDI Group paid $4.2 million at auction for the 302,000-square-foot building on West Lafayette in 2013
Really too bad. Hoped [[perhaps unrealistically) at the time DDI bought it that this showed others were starting to see value in investing in the city. But at this point I think we can count it as a win just to get the building out of their hands.

Since you asked, the phrase you're looking for is "tamen de danzi hen da / 他们的胆子很大". They have a lot of gall.