Sam Zell: Optimistic About New York’s Real Estate Future

We talked to Sam Zell, the grave dancer himself, this afternoon. It was short and sweet, and mostly about a profile The Observer‘s working on. But, Mr. Zell, whose Equity Residential recently bought three apartment buildings in Manhattan, did have this to say about the New York real estate market:

“I think it’s performed better than anybody had expected, particularly on the residential and rental side. Now it’s doing extremely well and we’re very optimistic about the future.”