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Entry: CB Richard Ellis Plunders Veterans and Old Ladies Link: http://www.takimag.com/site/article/cb_richard_ellis_plunders_veterans_and_old_ladies#9482 Post contents: This is EXTREMELY unfortunate. CBREI is at fault and the investors can certainly file suit against them- take them to court and get their money back- if due diligence was neglected. The true question is one of proper due diligence on three parts- CBREI, the broker that introduced his/her client to the deal, and the investors. Greed is one of the driving forces of the US economy whether we like it or not. A deal like this has greed written all over it- on the part of the investors (who looked to shelter a 15% tax- the lowest in our lifetime- on gain from their investment sale) and the management company (every business exists to make money). This blog plainly makes the case that all 1031 TIC investments are bad. Are they? What is the actual percentage of these deals that go bad? Just as due diligence was allegedly neglected in making this investment, how much research was done in writing this blog? Also, is anyone aware the advice to abstain from a transaction is advice? This happens to be a matter dealing with securities where law suits can be filed for bad advice or practicing without a license- is Taki Theodoracopulos a licensed Investment Representative of a Registered Investment Advisor? Was anyone aware that these individuals have to be worth over $1million to make these investments? In the fall out of this, to what was the dividend from this property cut? Have investors had to make more investment in this deal? Is CBREI being forced to sell this property at a loss and pay back less to investors than they had originally invested? There are better questions to ask and there are answers to be sought. However, anyone who wishes to give advice on investments should do their own due diligence and situations like this would be avoided. Sent at: 2008 07 09