Quotable
| “It's like a battleship in a storm. You want to be on a big boat.” | “In a strong wind, even turkeys can fly. Some of those turkeys are coming down to earth now and will get shot.” |
| Tony James, president of The Blackstone Group, said during the firm's first quarter earnings conference call. He was arguing there was too much capital chasing relatively few opportunities. | Kurt Roeloffs as he warned property projects in India were likely to fail in the coming year. The chief executive of RREEF's Asia and MENA operations was speaking at the Real Estate Investment World conference in Mumbai. |
| “We can now begin the process of implementing plans to construct an iconic world class facility at this unique location.” | “The company has seen a fall in the number of people who want to invest in the properly market for the first time, and that is understandable in the current climate.” |
| Alan Barry, managing director of Dublin-based private equity firm First Equity. The firm's plans to develop a €600 million ($929 million) indoor winter resort near Ipswich, England – a location famed more for its agricultural than alpine pursuits. | Tony McKay, managing director of buy-to-let seminar company, Inside Track, which claimed to have made hundreds of property millionaires in the UK. It went into administration last month. |
| “I'd buy Brazil.” | “I think I am the victim.” |
| Sam Zell, co-founder of Equity International, speaking at the Milken Institute Global Conference last month. He added that Brazil has the chance of being a bigger economic power than China in 30 years. | Carlyle co-founder David Rubenstein after protestors from the Service Employees International Union stormed into the annual conference of the Society of American Business Editors, where he was speaking. The union was protesting against Carlyle's acquisition of nursing home company, Manor Care. Rubenstein said the theory behind the protest was “if you can harass or embarrass this person” that person would put pressure on the management. |
| “By definition when you leave GE you always go to a smaller company.” | |
| JER Companies president Michael Pralle talks to PERE about his plans for the real estate investment firm and his departure from GE, p. 26. |
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