The Real Deal New York

Trump: Why real estate players won’t talk about the elephant in the room

As the developer gets closer to securing the GOP nod, the silence is deafening

April 04, 2016 08:35AM
By Konrad Putzier

From the April issue: Imagine this: a brash, driven son of a New York real estate family ascends the throne. He takes risks, turning a mostly outer-borough portfolio into one made up of trophy Manhattan holdings like the Plaza Hotel, which he brazenly buys for $400 million, completely with borrowed money. During the 1990s, he falls deep into debt and his businesses go into bankruptcy. He appears to be finished. Except he isn’t. He comes back, seeks out lucrative partnerships and branding opportunities, settles into being a landlord and stars in a hit TV reality show. [more]

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