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GM buys HQ it's been renting
The conditions in the real state market are not bad news for every one. It's a buyers market, after all. And GM figured this is a good time to buy its headquarters in downtown Detroit --
for $626 million. A bargain. The car maker had been leasing the space since 1996. GM also paid $200 million for a couple of office properties near Pontiac.
Posted by Lori Stassi on May 9, 2008 8:28 AM PT | Permalink
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I've just listened to Mr. Stein's concern for the poor working man. No doubt he drove his Bronco to the station to make his plea for the common man. Honestly, Ben Stein weeping for the common man's fate? After my sides stopped hurting from laughing ...
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