This month in real estate history

By Adam Pincus | July 29, 2013 04:30PM

From the July issue: Real estate developer Donald Trump sold the iconic Plaza Hotel for $325 million 18 years ago this month. The sales price represented a major loss for Trump and his investors, who purchased the property seven years earlier for $400 million.

Trump (who is also featured in a profile this month) acquired the hotel during the upswing in the real estate market, and launched a program to rehabilitate the 20-story building and its more than 800 rooms. [more]