News

Blum Capital to Launch Distressed Real-estate Fund

U.S. private equity firm Blum Capital Partners is seeking to raise capital for a fund that would invest in distressed debt backed by real estate primarily in Europe, its chairman Richard Blum said.

Central Park Fire Rips Through East Side Of Park [PHOTOS]

Firefighters are the scene of raging fire in Central Park that began around 2:30 p.m. on Friday. Firefighters are the scene of raging fire in Central Park that began around 2:30 p.

Bay Bridge: Nine Bolts of Lightning Strike San Francisco Bridge in Intense Storm [PHOTOS]

The chances of being struck by lightning in a lifetime are quite slim, one in one million according to the National Weather Service, but the San Francisco Bay Bridge defied odds Thursday night during an intense storm captured in photos. Photographer Phil McGrew snapped photos of the storm, showing the Bay Bridge being struck by not one, not two, but nine bolts of lightning.