“That was a business decision”: Why real estate execs are backing Trump — or backing away

President Donald Trump with developer Steve Witkoff, John Catsimatidis and Blackstone’s Stephen Schwarzman (Getty; iStock)
President Donald Trump with developer Steve Witkoff, John Catsimatidis and Blackstone’s Stephen Schwarzman (Getty; iStock)
“That was a business decision”: Why real estate execs are backing Trump — or backing away

Related asked $50M for this penthouse. It went into contract for $25M

520 West 28th Street (Wikipedia)
Related asked $50M for this penthouse. It went into contract for $25M

Trump threatens to yank $7B from “anarchist” NYC

New York City Mayor Bill de Blasio, President Donald Trump, and New York Governor Andrew Cuomo (Credit: Yana Paskova/Getty Images, Chip Somodevilla/Getty Images, and Drew Angerer/Getty Images)
Trump threatens to yank $7B from “anarchist” NYC

Rent struggles for NYC restaurants now worse than ever

New York City restaurants have struggled to make rent throughout the pandemic but August marked a new high. Andrew Rigie of the NYC Hospitality Alliance (Getty; Institute of Culinary Education)
Rent struggles for NYC restaurants now worse than ever

TRD’s September issue is live for subscribers!

Issue is Live September 2020
TRD’s September issue is live for subscribers!

Latest News

Fed Board Governor Lael Brainard (Getty, iStock)

Fed wants banks to step up lending in low-income areas

The Federal Reserve has proposed modernizing and strengthening a 43-year-old law aimed at encouraging banks to provide loans in...

Fed wants banks to step up lending in low-income areas
(iStock)

Is winter coming? Real estate stocks dragged down by 4th week of market decline

Public real estate companies followed major markets into their fourth straight week of declines, reflecting increasing concern among investors...

Is winter coming? Real estate stocks dragged down by 4th week of market decline
Costa Constantinides (Getty)

Council advances bill to cap emissions at some rent-regulated buildings

When the city approved strict carbon emission caps last year, officials exempted properties with any rent-stabilized apartments. But the...

Council advances bill to cap emissions at some rent-regulated buildings
From left: Michael Fuchs, Aby Rosen, Brandon Singer and Michael Cody (Getty, iStock)

Aby Rosen, Michael Fuchs back new retail brokerage

Between e-commerce and the pandemic, there’s never been a worse time for the retail industry. But that’s not stopping...

Aby Rosen, Michael Fuchs back new retail brokerage
New York City Mayor Bill de Blasio, President Donald Trump, and New York Governor Andrew Cuomo (Credit: Yana Paskova/Getty Images, Chip Somodevilla/Getty Images, and Drew Angerer/Getty Images)

Trump threatens to yank $7B from “anarchist” NYC

Broadway may be closed, but political theater is alive and well in New York — and Washington. The Trump...

Trump threatens to yank $7B from “anarchist” NYC
520 West 28th Street (Wikipedia)

Related asked $50M for this penthouse. It went into contract for $25M

When it was a sketch in floorplans, the penthouse apartment at the Zaha Hadid–designed condo overlooking the High Line...

Related asked $50M for this penthouse. It went into contract for $25M
Stuart Elliott

Editor’s note: We’re all holding our breath

If there’s one thing investors don’t like, it’s uncertainty. Unfortunately, that’s all we seem to have these days. As...

Editor’s note: We’re all holding our breath
209 Dean Street and 315 Adelphi Street (Google Maps)

Sprawling Brooklyn townhouses drive week’s priciest deals

Spacious townhomes were responsible for the majority of deals in Brooklyn’s luxury market last week. There were 16 contracts...

Sprawling Brooklyn townhouses drive week’s priciest deals
Top 5 TRD YouTube videos you may have missed

Skyscrapers, business strategies, and brownstone renovations made TRD’s top videos last week

Skyscrapers go up, crumbling buildings go down, and townhouses get gutted to create beautiful new spaces. These and more made our top four real...

Skyscrapers, business strategies, and brownstone renovations made TRD’s top videos last week

Inside The National issue

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Airbnb CEO Brian Chesky (Getty, iStock)

Why Airbnb is going public in a pandemic

Why Airbnb is going public in a pandemic
A nationwide sublease surge

A nationwide sublease surge

A nationwide sublease surge
Inside the ugly dispute between Michael Shvo and his partner pal

Inside the ugly dispute between Michael Shvo and his partner pal

Inside the ugly dispute between Michael Shvo and his partner pal
Stay-at-home orders and virtual classes have asked serious questions of the once-booming market for student housing. (Photo: University of North Carolina at Chapel Hill via Getty)

Quiet dorms and distress storms: Student housing sector takes hit

Quiet dorms and distress storms: Student housing sector takes hit
President Donald Trump and HUD Secretary Ben Carson (Getty; iStock)

Trump’s fair housing repeal roils multifamily developers

Trump’s fair housing repeal roils multifamily developers
The Closing: Carl Weisbrod

The Closing: Carl Weisbrod

The Closing: Carl Weisbrod
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Matt Salem, KKR head of real-estate credit (Getty; KKR)

Hotel and retail mortgages dragging down recovery

Mortgages backed by hotels and retail properties are struggling — and attracting yield-hungry investors willing to tolerate the risk,...

Hotel and retail mortgages dragging down recovery
President Donald Trump (Credit: livier Douliery - Pool/Getty Images)

WeChat ban on hold: Why that’s good for real estate

WeChat users facing a U.S. ban of the social media app starting Sept. 20 got an 11th-hour reprieve from...

WeChat ban on hold: Why that’s good for real estate
President Donald Trump with developer Steve Witkoff, John Catsimatidis and Blackstone’s Stephen Schwarzman (Getty; iStock)

“That was a business decision”: Why real estate execs are backing Trump — or backing away

Sotheby’s International Realty broker Nikki Field was leading sales at Kushner Companies’ Puck Penthouses in Manhattan when, in 2016, the Kushners raised the idea...

“That was a business decision”: Why real estate execs are backing Trump — or backing away
New York City restaurants have struggled to make rent throughout the pandemic but August marked a new high. Andrew Rigie of the NYC Hospitality Alliance (Getty; Institute of Culinary Education)

Rent struggles for NYC restaurants now worse than ever

Restaurants in New York City have been struggling to make rent throughout the pandemic, but this month marks a...

Rent struggles for NYC restaurants now worse than ever
Companies are relying on surveys and other data points to determine who will come back to offices first. (iStock)

How do companies decide who should return to offices first? It’s tricky

Companies are starting to bring employees back to offices after months of working from home, but deciding who should...

How do companies decide who should return to offices first? It’s tricky
Council member Laurie Cumbo  and a rendering of the Bedford-Union Armory (Getty; Bedford Armory)

Student suspended after blasting lawmaker’s pro-development stance

A student is suing a New York City Council member, alleging the politician had her suspended for publicly criticizing...

Student suspended after blasting lawmaker’s pro-development stance
The number of single-family homes on the market hit historic lows in July, driving prices up (iStock)

US housing supply reaches nearly 40-year low

The coronavirus pandemic has exacerbated the severe housing supply shortage in the U.S., with the number of homes on...

US housing supply reaches nearly 40-year low
UDR President Jeffrey Davis, AvalonBay Timothy Naughton Equity Residential's Sam Zell (LinkedIn; AvalonBay; Getty)

Investors bank on urban real estate comeback

Despite the endless trend stories about urbanites fleeing to the suburbs, investors are counting on the strong recovery of...

Investors bank on urban real estate comeback
Governor Andrew Cuomo (Getty; iStock)

Commercial evictions, foreclosures halted through October

Commercial tenants are getting a small reprieve from Gov. Andrew Cuomo. New York’s moratorium on commercial foreclosures and evictions...

Commercial evictions, foreclosures halted through October

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