The Real Deal New York

Editor’s note: Real estate crime time

By Stuart Elliott | March 02, 2015 04:30PM

From the March issue: political bombshell exploded in Albany last month and the debris is covering the New York City real estate industry.

In a series of stories this month, we examine the fallout surrounding the arrest and indictment of the once-powerful speaker of the state Assembly, Shelly Silver.

First we take a close look at the investigation being spearheaded by U.S. Attorney Preet Bharara, who has already singled out so-called Developers 1 and 2 for their inappropriate relationships with the ex-speaker. Bharara has vowed to continue his investigation, a fact that has some political and real estate players on edge. [more]