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A modern cable bridge spans the Daugava River in Riga, Latvia.
A modern cable bridge spans the Daugava River in Riga, Latvia.
(Valerijs Kostreckis/iStockphoto)

Catalyst, busy on not just wireless, sets up for win in real estate

Wireless is not the only game that distressed asset specialist Newton Glassman and his team at Catalyst Capital Group are playing. The private equity fund is also working on a big real estate restructuring, with an eye to gaining control of more than $1.5-billion of property.

Mr. Glassman’s firm has been in the news mainly for its plan to create a fourth wireless player in Canada where others have failed.