Broad Street Opens Asset Management Division

Firm sees opportunities in distressed debt for institutional investors

May 15, 2009

Raymond Chalme has been a property manager for years. For 15 of these, he and his firm, Broad Street Development (BSD) have focused on developing, managing and leasing commercial properties and residential condominium developments, primarily in New York City and environs. That was until the financial crisis and the collapse of real estate markets. Now Chalme, who is CEO of BSD, sees a future in institutional asset management, while others see carnage and collapse. 'All these…

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