The Real Deal New York

From the July issue: Though he still could face charges over his involvement with a prostitution ring, Eliot Spitzer, New York’s former governor, is tiptoeing into the industry where his family made its fortune: Real estate. Early last month, the New York Observer stated that Spitzer was reporting daily to 730 Fifth Avenue, which his father, real estate tycoon Bernard Spitzer, co-owns and runs his firm from. A week later, the New York Sun reported that the former governor called a meeting with union officials to float the idea of a so-called “vulture fund” to snap up distressed real estate assets with their financial help.