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Politics : The Donkey's Inn -- Ignore unavailable to you. Want to Upgrade?

To: Mephisto who wrote (1514)	12/14/2001 2:47:58 PM
From: Karen Lawrence	Read Replies (2) \| Respond to of 15516

Carlyle Group: On the other hand, CalPERS is watching closely now that the Carlyle Group has quietly become a player in Bay Area real estate circles -- a move that could cost the company a bundle following the implosion of commercial property values. In San Francisco, Carlyle bought and subsequently sold a 25-story office tower at 180 Montgomery St. The company also bought and rapidly discarded office space in Pleasanton and Redwood City, and recently acquired additional office space in Sunnyvale, San Jose, Brisbane and Mountain View. "We've been pretty busy," Ullman said of Carlyle's Bay Area real estate deals. I bet ya this is some of what enron was doing with their bank loans, except they bought at the highs of last year and lost their collective butts selling to get out. I'm certain their intent was to make as much money as possible and keep moving into more and more areas of money making. Only they weren't very farsighted or bright and ended up destroying their company.