In Los Angeles, the price has gone from $60,000 a room to $100,000 -- if you can find a site.

Much faster growth rate than the number one company.

(This) will provide us with a valuable platform for future investments in the office sector.

The company represents one of the premier collections of people and properties in the country and will provide us with a valuable platform for future investments in the office sector.

Defaults occur at least three times as readily -- in some instances, four times as readily -- on (such) loans.

For us, new build is not our thing. It will never be a core feature of what we do.

I think it's getting a lot harder.

The capital markets have exploded in terms of size and willingness to take on risk ... it puts an underlying floor on value.