News & Analysis

Things change 2005-10-01 Staff Writer Creative destruction works well for people with a fund. The forces that allow a business to thrive off change are capital and talent and, at least in theory, a fund should be the purest repository of these resources.<br /> <br /> This, the October issue of
Adam Blumenthal and Josh Wolf-Powers, former investment professionals for the Comptroller of the City of New York, have left the pension advisor to launch an independent private equity firm that will focus on ‘complex situations’.
Private investment firm Oaktree Capital Management has acquired an ownership stake in two Las Vegas casinos.
The midmarket firm has sold budget French hotel chain B&B Hotel to listed private equity firm Eurazeo.
International private equity firm The Carlyle Group is adding personnel to its US venture capital and growth capital teams.
LBO France has entered into exclusive talks to acquire the French clay tile manufacturer from the private equity consortium.
Scandals & celebrities 2005-09-01 Staff Writer There are few buildings connected to a single event in the way The Watergate is connected to the scandal that eventually brought about the resignation of President Richard Nixon. Still, the Watergate complex, which includes a hotel, shopping center, apartmen
A neighborhood by any other name 2005-09-01 Staff Writer As recently reported in <italic>The New York Times</italic>, the slowly gentrifying South Bronx is being rechristened as “SoBro” by residents as they recast a neighborhood that was once synonymous with burning cars and vacants lots, rather
A condo conga 2005-09-01 Staff Writer Private equity real estate investors have long been predicting a correction in the Miami condo market - and for just as long they've been wrong. Now, however, a backlash against South Beach condominiums is beginning to emerge, not in the form of plunging prices or loan d
Quotable 2005-09-01 Staff Writer <bold>“I really didn't think it could be possible, or as easy as it was. I repair houses all day anyway, and figured I might as well start making some real money.”</bold><br /> <br /> - Wayne Carney, a professional handyman and “self-described Averag

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