Of the many adjectives that could be used to describe Donald Trump, larger-than-life is perhaps the most appropriate. The Donald has always been the master of talking the talk, but when it comes to hard assets, what is he really worth? To answer that question, reporter Katherine Clarke ventured into the labyrinthine world of the Trump Organization, in a cover story, “The $8 billion dollar man?” for the July issue, now available online.
As the mercury rises, all eyes – or at least the eyes of those who can afford it – shift toward the Hamptons. Reporter Hayley Kaplan crunches the numbers on the East End’s biggest residential brokerages, where Douglas Elliman usurped the Corcoran Group to emerge as top dog.
Meanwhile, even industry players accustomed to big numbers are coming to terms with a new benchmark — the billion dollar listing. Adam Pincus takes a look at the flurry of $1 billion deals happening in the raucous Manhattan investment sales market.
Pincus also chronicles the manic work habits and stunning but controversial rise of the city’s top multi-family broker, Aaron Jungreis, founder of Rosewood Realty Group.
There’s tons more in this issue, including a story on how luxury listings in major world cities such as London and Monaco put New York to shame, a look at how high-end office space boosted the market in the first half of the year, and a bird’s-eye-view of development in Hudson Square.
Finally, in our Closing interview, HFZ Capital’s Ziel Feldman chats about Gary Barnett, roller coasters and his circumcision. Not a typo, that.
To see the complete issue, click here or on the “Magazine” tab at the top of the website. Enjoy! — Hiten Samtani