The Real Deal New York

From the August issue: A year ago this month the credit markets erupted, and since then it has been rough going. While the wheel of fortune always turns — there will forever be some real estate players on top while others take hits — this year many of the stories appear to be related to credit market woes. Because it is the anniversary month of the subprime mortgage crisis, The Real Deal has chosen to look at some of the year’s biggest winners and losers. People whose stars have risen or fallen run the gamut from heads of real estate firms to architects to investors to individual real estate brokers to politicians.