2004 Real Estate Quote (Musical Tribute)

January 4, 2004
Commercial Property; Becoming a Retail Sector Player With a Single Deal

''Residential real estate is the safe and boring part of real estate,'' said Mr. Lichtenstein, principal in a 15-year-old firm that owns and manages 16,000 apartments, in addition to office, industrial and retail properties. ''People always need a place to live, and there will always be a living in being a landlord. But it can become a routine, like chopping wood.''