Thanks for the list. I didn't realize 2012 was so busy for sales. I'm sure I've seen them all, but when you see it in one list, it really makes an impact.
100 Billion, no way they have that much in property. Several billion? Sure, I believe that but not 100 billion.
You know, even though they sold the property in a down market, think of how much money they made on each one. Bought low, fixed up with volunteer labor and while they didn't sell at the top, I'll bet they made a killing. Also, no capital gains taxes!!
From a business perspective, it makes sense to move to a lower cost venue. There's really no value in having Brooklyn anymore since they're not shipping all over the world from there.
I think they over expanded on the property side and are now "right sizing". Just like consolidating the various branches. I do see it as a sign of decline or at the very least an admission that their expansion has slowed down to the point where they don't think they're going to grow much more.