Richard Baker

speaker

1,143 appearances 2 recordings 2 series first heard May 2026 last heard 7 Jul

Richard Baker’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.

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And even if he never pays you the money, you still did better than what the building was worth.

Wow, okay.

So then he closes on the building.

I have a $150 million preferred equity piece.

So when he had his problems, he's a brilliant guy, by the way, whatever.

But when he had his problems, I was in the mix because I was the preferred equity.

So when it came time to making the deal with Amazon, me along with a series of folks from WeWork,

helped get that deal done.

Now the 150 was worth more because they sold the building for a billion to 52 to Amazon, who, by the way, that building's worth double today.

And Amazon killed it, made over a billion dollars on that one deal.

We did just fine.

It's complicated.

We invested $25 million.

We got all our money back in 18 months, and then we made a lot more.

Right.

And we put in $25 million in cash, which we got back a year and a half later.

The problem is we just kept... I got my money back.

Now I just kept merging.

I never put any more money in.

Now we merged Lord & Taylor with Hudson Bay.

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