In grim economic times, when deals dry up and jobs at the big law firms dwindle, law schools like to tell their nervous and often heavily indebted students that a legal education can be put to work in myriad ways, and that the career path for lawyers doesn't necessarily mean staying put at a firm until retirement. Michael Forman knows that from personal experience.

In a real estate and financial climate where most parties are in a state of paralysis, money is still moving and deals are getting done. One such case involves FB Capital Partners, which closed on a $60 million equity fund called FB Real Estate Fund.

Suburban residents raised hardly a peep of protest yesterday as the state Gaming Control Board held a hearing on a proposal to place 500 slot machines at the Valley Forge Convention Center.

Forensic Risk Alliance (FRA), a leading international provider of forensic investigation and litigation support services with offices in New York and London, has entered into a lease agreement to relocate their US Headquarters to the “iBuilding” at 170 Westminster Street in Downtown Providence during the summer of 2008.

Looking down at Providence’s financial district from the 12th floor of the Turks Head Building, FB Capital Partners Managing Director Gary Brandeis said his Philadelphia-based firm did plenty of research – and liked what they found – before investing more than $24 million in Rhode Island.

A Philadelphia-based firm finds the Renaissance City to its liking, investing here even as a jittery economy shakes confidence in the U.S. real-estate market. The firm, FB Capital Partners, has purchased two downtown buildings in the last seven months as it invests in state capitals and medium-sized cities in the Eastern United States.

Private equity for the masses? Philadelphia real estate investors Michael C. Forman and David Adelman filed Feb. 22 with the Securities and Exchange Commission to raise $1.5 billion for a new fund, Franklin Square Investment Corp., to offer private equity to the masses.

When the bank says no "When banks tighten up, our business gets better," said Rocco Perate, chief executive officer of small-business-lender Preferred Capital L.L.C., which lent $25 million last year to firms that could not get cheaper bank loans.

$7M will be invested to reposition Crowne Plaza hotel. Philadelphia Business Journal - by Peter Van Allen Staff Writer

Local telecom start-up aims to compete with big boys By Linda Loyd Inquirer Staff Writer