>Pritzker Snags Blackstone Resort At Fire-Sale Price

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>Deep discount may raise doubts about other Blackstone treasures.

Jay Pritzker, the late Chicago financier, knew how to drive a bargain. Apparently, so does his son, John.
John A. Pritzker is acquiring the 400-acre Carmel Valley Ranch resort in Carmel, Calif., from a private equity fund managed by Blackstone Group ( BXnews people ) for a fraction of its previous value, according to people familiar with the transaction.

Read more:
http://www.forbes.com/2009/07/02/blackstone-private-equity-personal-finance-jay-pritzker.html?partner=yahootix

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