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May 13, 2008
Michael Jackson's Neighborly Real Estate Deal

Over the weekend, the King of Pop narrowly averted foreclosure when the billionaire real estate investor Thomas Barrack struck a deal to buy a $23.9 million loan on Neverland Ranch from Fortress Investment Group, which was ready to auction it off.
Just who is this white knight that saved Michael Jackson's notorious property from falling into the hands of some real estate bottom-fisher at the 11th hour?
Click here for the complete story.
Posted by Jeff Brooks on May 13, 2008 07:00 AM | Permalink
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