Enters MLS today or tommorrow

CALL ME TO BUY!

 9041 E. Red Lawrence

Scottsdale, AZ 85262

$595,000!!!!!!!!
Approx 2,837-3,180 square feet

  Fabulous North Scottsdale location adjacent to Desert Mountain come discover the prestigious guard gated community of Carefree Ranch. Home sits on a huge 5 acre estate with sweeping unobstructed 360 degree views. Pinnacle Peak is framed by the 20 feet of expansive glass in the AZ room perfect for watching the sunset and the distant city lights or star gazing. One of a kind home with unique floor plan abundant flagstone and two stone fireplaces for warm gracious living. Detached Guest Casita complete with separate living room your guests will never want to leave. The Home will embrace you as explore and discover all the possibilities....needs Some updating. The best nature has to offer..

Carlyle founders reap bumper 2011 profits

By Greg Roumeliotis

NEW YORK (Reuters) - Founders of private equity firm Carlyle Group (:CYL.UL) have had a great payday as a result of the firm's record performance in 2011 and are set to gain even more as it prepares for an initial public offering, a regulatory filing on Tuesday showed.

The billionaire founders, William Conway, Daniel D'Aniello and David Rubenstein, received $134 million each in cash distributions and $3.8 million in executive compensation, according the filing.

On top of this, Conway, D'Aniello and Rubenstein received $70.8 million, $77.6 million and $56.8 million from previous investments. The filing does not state how much of that was their initial investment or what their profit on that was.

They also invested big in Carlyle funds in 2011. Conway invested $163.8 million, D'Aniello put in $98.3 million and Rubenstein put in $96.9 million, according to the filing.

They also charged Carlyle for business use of their private airplanes and associated services and supplies. Conway received $1.3 million, D'Aniello got $676,014, while Rubenstein got the most, $3.3 million, according to the filing.

"As the co-founder primarily responsible for, among other things, maintaining strong relationships with and securing future commitments from Carlyle's investors, particularly outside the United States Mr. Rubenstein has an exceptionally rigorous travel schedule," Carlyle said in the filing.

Rubenstein traveled outside of Washington D.C., where Carlyle is based, for more than 250 days in 2011, visiting 24 countries and 33 non-U.S. cities, many of which he visited on multiple occasions, the firm said.

RECORD YEAR

In the first nine months of 2011, Carlyle distributed more than $15 billion to its fund investors, a record performance. In 2010 it distributed $8 billion. In its second-best year, 2007, it distributed $8.9 billion.

Much of the huge returns came from asset sales as the group exited many investments. Last July, Carlyle also completed its acquisition of a 60 percent stake in AlpInvest, one of the world's largest investors in private equity.

The firm will likely seize on the strong numbers to promote its IPO. Unlike its peers Blackstone Group LP (NYSE:BX - News), KKR & Co LP (NYSE:KKR - News) and Apollo Global Management LLC (NYSE:APO - News) that have floated on the New York Stock Exchange (NYSE:NYX - News), Carlyle said on Tuesday it would list on Nasdaq (NasdaqGS:NDAQ - News).

Carlyle Chief Financial Officer Adena Friedman joined the firm early last year from Nasdaq, where she had worked since 1993, serving in various positions until she became CFO of Nasdaq in August 2009.

Economic net income (ENI), a measure used by private equity firms to report earnings, was up in the first nine months of 2011 to $578.9 million from $368 million in the year-ago period. ENI for the whole of 2010 was just over $1 billion.

Total assets under management as of the end of September were $148.6 billion, up from $94.9 billion 12 months earlier. Available capital for investments, commonly known as dry powder, was $41.5 billion as of the end of September 2011.

(Reporting by Greg Roumeliotis in New York)

$134,000,000

$3,800,000

$56,800,000

$3,300,000=

$197,900,000

Nice 2011 Mr. Rubenstein!

2001 Lear 45

Airframe: 2258 Hours 1782 Cycles December 2001 Completion and Entry to Service 21,500 Lbs. TOGW Engine Specs: Honeywell TFE731-20AR-1B Serial Number: P-116348C / P-116347C Engine Total Time: 2258 Hours / 2258 Hours Engine Cycles: 1782 / 1782 * MSP Engine Enrollment Quote Available by Request APU: Honeywell RE100LJ Serial Number: P-243 APU Total Time: 793 Hours Avionics/Radios: The Bombardier Learjet 45 business jet is equipped with a Honeywell Primus 1000 avionics system, including an Electronic Flight Instrument System (EFIS), equipped with an Engine Instrumentation and Crew Alerting System (EICAS), for unparalleled new levels of systems management. The EICAS integrates the multitude of electromechanical instruments that previously were required to display critical engine parameters, offering significant safety and operational benefits. The EFIS, which employs four large displays, presents vital information to the crew in an uncluttered format, simplifying cockpit scan and thereby reducing pilot workload and fatigue. Standard features include: • EFIS with four 8 x 7 inch (20.3 x 17.8 cm) Displays • Dual Integrated RCZ-833 Comms w/8.33 KHz Spacing • Dual RNZ-850/851 Integrated Navs with FM Immunity • Dual Honeywell RNZ-851/851B ADFs • Dual Honeywell DME • Dual Mode S Transponders w/Enhanced Surveillance • Dual Universal UNS UNS-1C+ FMS • Data Transfer Unit • Advance Performance Database • KHF-950 HF Comm with SELCAL • Dual Honeywell AZ-850 Air Data Computers • Artex C406 Emergency Locator Transmitter • Display and Guidance Computers (DGC) Integrated with Autopilot, Flight director, EFIS and EICAS processors • Honeywell AA-300 Radio Altimeter • Dual AH-800 Attitude and Heading Reference System (AHRS) • Honeywell Primus 660 Digital Radar • Traffic Collision Avoidance System (TCAS 2000) • Allied Signal Mark V EGPWS with Windshear Detection and Terrain Display (Version 443) • Cockpit Voice Recorder • IM 600 Memory Module • Dual Angle of Attack Indicators • Magnastar C2000 Satellite Telephone with Two (2) Handsets Additional Equipment: • Airshow 400 Entertainment System • CD/DVD Player • Aircraft Locking Package • Concorde Battery • Forward Entry Way Fold Down Seat • Madelle Lighted Chart Holders • Forward Bulkhead Video Monitor • 110 Volt Cabin Power System with Three Outlets in the Cabin and Two Outlets in Lav • Maintenance Interphone Exterior: Overall Matterhorn White with Shamrock Green and Yellow Jacket Yellow Stripes. Interior: This Learjet 45 features fire-blocked double-club seating for eight (8) passengers with four executive tables, forward LS closet, RS galley with coffee dispenser, and two aft pyramid storage cabinets. Selections: • Sapelle High Gloss Wood Veneer • Tan Wool Carpet • Chablis Ultrasuede Headliner • Royal Hide Golden Eagle Brown Leather Cabin Seats • Light Coffee Bronze Plating Aft Lavatory: • Externally Serviced Flushing Toilet • Lighted Vanity Mirror • Sink with Tepid Water • Belted Toilet Seat Certified for Takeoff & Landing • Solid Closing Panel Doors • Coat Rod • Storage Retention Net • Fold Down Shelf Inspection Status: Inspection -- Last Compliance -- Next Due Phase A1-A6 -- 12/22/2011 at 2257.1 Hours -- 1/5/2013 or at 2582.1 Hours Phase B1-B6 -- 12/22/2011 at 2257.1 Hours -- 1/5/2014 or at 2882.1 Hours Phase C1-C6 -- 6/24/2009 at 1947.8 Hours -- 6/24/2013 or at 3147.8 Hours Phase D1-D6 -- 6/24/2009 at1947.8 Hours -- 6/24/2017 or at 4347.8 Hours

securaplane

Aircraft Electronic Security System

The System 500 is Securaplane’s premier security

system, elected by the majority of our customers.

Featuring convenient remote

control and interrogation

using a subminiature UHF

transceiver, in conjunction

with the DAI-08

Keyless Entry Arm/Disarm

Technology.

Keyless

External

Operation

UHF

Transceiver

System 500

Securaplane System 500

• Reliable

Achieved through years of avionics design, sensor

innovation, system redundancy, and severe environmental

testing.

• Field Proven

Over 500 systems installed since 1989, on aircraft

ranging from B-747-400’s through turboprops. References

available.

• Remote Operation

The System 500 can be controlled from up to 10 miles

(16 km) away using handheld UHF Transceiver, with clear

digitized voice responses from the aircraft. (Actual range

depends upon terrain and line of sight.) Features “secure”

anti-tampering technology. Only 3 commands required

via the handheld UHF Transceiver to Arm, Disarm or

Interrogate the system.

• Simple Operation

The System 500 is simple to Arm, Disarm, and Interrogate

using the Control Display Unit (CDU-550), typically

mounted in the cabin. It features easy to use functions,

displaying information on a 4-line, plain English LCD.

The CDU permanently stores over 1600 events, including

arm/disarm times and intrusion times, locations and

duration. Soft menu keys allow for easy and intuitive use.

The system can also be controlled using the Digital Alarm

Indicator (DAI-08), a subminiature remote control panel

which mounts inside an external door. Each operation is

clearly indicated in plain English on the bright, 10-character

scrolling LED display. This unit allows for keyless arming

and disarming.

It takes only minutes to learn to operate the System 500.

• Superior Sensors

Wheelwell Protection

Custom designed, environmentally tested (DO-160C)

passive infrared sensors with temperature compensation

detect any human intrusion in wheelwells. This sensor

revolutionized the science of reliable aircraft intrusion

detection.

Door Panel Sensors

Featuring the unique ruggedized all-metal magnetic reed

switch (MAG-01). Securaplane's flexible systems can use

a variety of sensor types, such as microswitches and our

preferred MAG-01.

• Installation Ease

Acclaimed by installers to be the easiest and least time

consuming system to install and troubleshoot.

• Battery Endurance

The standard 500 system using the BP-550 Power

Communications Unit (PCU) will run 5-7 days. An optional

BP-650 will provide 7-10 days. A BP-1224 ADD-ON battery

pack will double the BP-650 run time.

• Most Commonly Selected Options:

- Cameras: Securaplane's Airborne Video Camera

system provides a second level of intrusion

monitoring for the surveillence of internal

and/or external areas of the aircraft. (BP-1224

Auxiliary Battery Pack recommended for systems

with video cameras installed)

- VRU-01: 104dBm audible, operator programmable,

voice alarm.

- SP-02: Solar panel extends battery life.

- CPM-TZ: PIR (wheelwell sensor) alignment tool.

 Model: Part Number:

PIR-375 100-0401-11

 Dimensions (HWD): Weight:

3.64” x 1.85” x 2.5” 0.41 lbs.

 Power: 12v DC 3.5 mA

 Model: Part Number:

BP-550 100-1032-01

 Size: Weight:

1/2 ATR 17.38 lbs.

 Input Power Requirements:

Aircraft 28v DC

 Operating Time:

5-7 days (using 3 PIRs, BP-550)

 Recharge Time:

(From flat battery)

90% capacity 2.5 hr; 50% capacity 1.0 hr

Charge status can be reviewed from

CDU. Optional battery packs available to

increase operating time. See options list.

Power Communications

Unit (PCU)

Passive Infrared (PIR)

Wheelwell Sensors

Environmental

Control Display Unit (CDU)

I AWAIT YOUR THOUGHTS-FROM WSJ.COM

BY ROBIN SIDEL

Stephen Schwarzman, one of Wall Street's most prominent deal makers, is going out of his way to keep the details of his personal fortune a closely held secret.

Blackstone Group LP is changing the structure of its investment in a Florida bank after Mr. Schwarzman, founder and chief executive of the private-equity firm, balked at providing information about his personal finances to the Federal Reserve, according to people familiar with the situation.

Blackstone is converting part of its 14.1% stake in BankUnited Inc. to nonvoting preferred stock, these people said. The deal will shrink its voting stake to less than ...

My Favorite Comment:

I just love this. The FED...a private organization populated by Goldman Sachs personnel... demand information on shareholders of competeing banks. My GOD!

It's a bit unclear why Schwarzman is now clamming up when it comes to his wealth.

This is, after all, the man who threw the 60th birthday party to end all parties. His estimated net worth of $4.7 billion has been previously reported. As has his predilection for $400 stone crabs and maniacal attention to his servants uniforms. 

Read more: http://www.businessinsider.com/steve-schwarzman-will-absolutely-not-show-you-his-tax-returns-2012-1#ixzz1k1tt5H9y

A GREAT ARTICLE FROM 2007

E-Mail   |   Print   |   Comments   |   Request Reprints   |   E-Mail Newsletters   |    RSS Commentary The $3 Million Birthday Party Martin T. Sosnoff 06.21.07, 10:00 AM ET More By Martin T. Sosnoff Popular Videos Tinseltown's Most Influential Over 50 And Filthy Rich Mass Layoffs Post-election Taxes New York In Crisis Marie Antoinette had her hair parted for parading bejeweled while Paris ran short of bread after a meager harvest. For Steve Schwarzman, headman at The Blackstone Group, a 60th birthday party was enough to raise eyebrows. This $3 million potlatch may end up costing Schwarzman and Blackstone $3 billion in upcoming market value. As for the two-and-20 crowd, you can add another zero if the Senate Finance Committee gets its way. In the pre-Black Monday days in October '87, Congress toyed with the concept of disallowing the interest deduction on corporate buyout debt. Wisely, law makers backed off as Wall Street honchos heatedly explained the dire implications for the capitalist system. The market would crash if the cost of doing deals turned prohibitive. It was OK for Rudy Giuliani to put Mike Milken out of business, but let's not tamper with industrial might built on deals and debt going back to the days of Rockefeller, Carnegie, Frick and Andrew Mellon. J.P. Morgan bought out Carnegie to form U.S. Steel (nyse: X - news - people ). We all know what Rockefeller did in oil. Mellon created Alcoa (nyse: AA - news - people ) and Gulf Oil. Protective tariffs on aluminum shielded Alcoa for decades. The Blackstone case is different. We are just talking about how to tax the "take" of general partners, their 20% fee on gains from investments. So far, this is calculated at the 15% capital gains rate. The politicos want to change that to the standard corporate rate of 35%. Hedge funds date back to the early 1950s. The granddaddy was A.W. Jones. Unlike Schwarzman, the general partners kept a very low profile, staffed their company with a handful of good operators and even gave out parcels to outsiders. I ran some money for Jones in the early '60s while working as an analyst at E.F. Hutton. Jones started the 20% performance fee structure; everyone since has followed. During the '50s and '60s, the endowment funds of Harvard, Princeton and Yale owned bonds, as did most corporate and state pension funds. Stocks were considered too speculative. Today, stocks are considered too stodgy for these institutions. They are slipping huge checks under the doors of dozens of alternative investment houses. Blackstone's assets currently stand at $88 billion, up from $21.7 billion at year-end 2002. If Congress moves to raise tax rates for alternative asset managers, all it will do is cut their take-home pay packages. This is not tampering with the capitalist system, but rather following the smell of money and getting more for Uncle Sam. At its peak, the excess profits tax ran to 90% for the Robber Barons who didn't complain too vociferously. After all, the capitalized value of Standard Oil was the equivalent of $100 billion today. Let's face it: Schwarzman et al are changing the face of capitalism not only here but in both hemispheres. The locus of shareholder power is shifting rapidly from entrenched management to activist shareholders. Managers are leaving the corporate world to work for buyout houses. They're following the money trail. The spread between the take-home pay of the buyout crowd and every other category in the business world has widened enormously, not to mention the guys in work boots threatened by globalism's irrepressible march to arbitrage labor to its lowest possible levels. I'm all for the proposed 35% tax rate. If these guys, dozens of 'em, buy Andy Warhols and Jasper Johns canvasses for $80 million, why not let them build their share of missile silos in the Dakotas? There's over a trillion bucks in hedge fund and buyout house assets, and that number is still growing. We are talking tens of billions in increased tax revenues, prospectively. The Senate Finance Committee does need some tutoring. Why just tax the houses going public? Why not everybody in the business, and why give them a five-year free ride until 2012? You can see where all this is going. For everyone whose earned income is in the top 1%, or even worse the top .01%, we've seen the lows in tax rates. Schwarzman's crowd has just accelerated the process by its high profits and "let them eat cake" attitude. I'm pissed. There's no question in my mind that Hillary Clinton is our next president, unless Mayor Bloomberg steps up. Tax rates for everyone on capital gains and dividends are headed back to previous high levels. Don't expect a big break on inheritance taxes, either. A more steeply graduated tax level for the top 1% in the country is in the cards. The Blackstone underwriting is destined for success. Hedge funds are lined up to buy it for no other reason than to protect the perceived intrinsic value of their own franchises. The going rate on alternative houses is 20 times earnings with a prospective yield of 4%. Blackstone is priced at 30 to meet these metrics. If the tax rumble becomes reality, at the 35% corporate rate, my earnings estimate of $1.50 a share is cut to $1.15, and next year, to $1.30 from $1.65. Adjusted cash flow of $1.4 billion drops to $1.1 billion this year and returns to $1.4 billion in 2008. Blackstone has sufficient wherewithal to set its dividend at $1.20 a share. I have no idea where the stock will trade on the opening, but a haircut of 10% off the offering price of $30 is fair if the tax rate bump sees daylight. I stand by AllianceBernstein (nyse: AB - news - people ) and Goldman Sachs (nyse: GS - news - people ) as good paper, more reasonably priced than Blackstone. Alliance passes through almost all its earnings to shareholders with an estimated yield of 6% next year. Goldie sells at 10 times earnings, with assets under management over $750 billion and counting. Martin T. Sosnoff is chairman and founder of Atalanta/Sosnoff Capital, a private investment-management company with over $7 billion in assets under management. Sosnoff has published two books about his experiences on Wall Street, Humble on Wall Street and Silent Investor, Silent Loser . He had been a columnist for many years at Forbesmagazine and for three years at the New York Post . Martin Sosnoff owns personally, and Atalanta/Sosnoff Capital owns for clients, the following stocks cited in this commentary: Alliance Bernstein Capital and Goldman Sachs.

http://www.forbes.com/2007/06/21/sosnoff-blackstone-ipo-oped-cx_mts_0621sosnoff.html

At $15.89 NOW

Her Highness

An Impressive Lady

Her Highness Sheikha Mozah Bint Nasser Al Missned

Setting the standard in jet setting:

I'll Bring the Champagne!

THANK YOU READERS!

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