CNBC Regular May Run

Don Peebles,a real estate magnate who is a frequent guest on CNBC,is apparently contemplating running for mayor of Washington,D.C.,where he was born and served as a Congressional page in the 1970s,beginning a lifelong interest in government.Mr.Peebles,a regular on the "Squawk On The Street" early morning broadcast,is reportedly consulting with media and campaign advisors to assess his chances of unseating incumbent Adrian Fenty,who has come to be seen as aloof and divisive by many.Mr.Peebles has a home in the Cleveland Park neighborhood of the District,commuting between there and Miami,Florida,where his main business interests are located.Married and the father of two,Mr.Peebles,who is 50 years old, began his career in the real estate appraisal line,eventually serving on the District's tax appeals board under controversial Mayor Marion Barry,who continues to serve on the city council.
By 1986,Don Peebles had gone into commercial real estate development in the District,moving on to Florida when he came under intense criticism for cronyism with regard to a 48 million dollar deal he entered into with the Barry administration.He gravitated to city government in Miami Beach as well,jointly developing oceanfront and luxury property there with the municipality.
The primary election is on September 14.Mr.Peebles says he is prepared to spend 8 million of his own money on his prospective candidacy.He is believed to be worth around 350 million dollars.Mr.Peebles was a supporter of the Obama presidential campaign,which he discussed on his CNBC appearances.