Who would want to buy them, $1 billion at a time, like they were bought?

Amazon is one of the more insanely high valued ones but they do 75 billion a quarter and still 50% less bubble than the averages during dot com bubble times. 

The Billion dollar question...  

The city of Memphis is planning a major makeover of the "gateway" to Downtown anchored by a $1 billion expansion of St.

Even multi-billion dollar REITS have property insurance with a high deductible which shows that their internal calculations do not think going without insurance is a good business decision. 

This is far too complex of a discussion for this place and time, but I'll share the basics:There's about $2 billion of private, passive wealthy liberal money out there looking for a real estate-oriented opportunity to "do good, while doing well."

The prestige gained in U.S. core market acquisitions is another motivator in the renewed readiness to spend in the U.S.Real estate firm CBRE, recently called the U.S. a top target for Asian real estate investments, citing a swell $3.3 billion invested in just the first quarter of 2015, up from a total $7 billion in all of 2014.

The project would take seven to 10 years to complete, and could cost as much as $4 billion."

I've made relationships with some top tier operators (billions in the pipeline) who are extremely capable but they simply have a different strategy, and not a bad one at that, it's just not my strategy.

@Rachel Trimble Blackstone just made a billion dollar acquisition in S.A.