WATCH: Developers talk politics and the market at TRD‘s forum

Spitzer, Peebles and Catsimatidis clashed over Trump policy; Shaoul and Moskovits talked shop

TRD New York /
May.May 18, 2017 03:10 PM

The Real Deal’s 10th annual New York showcase and forum kicked off with a head-to-head showdown between Pam Liebman and Howard Lorber. That discussion, however, was far from the most contentious panel of the day. That title goes to the day’s second panel, which saw Eliot Spitzer, John Catsimatidis and Don Peebles take each other on over both local and federal politics.

“This is not a tax plan, folks, I hate to say it,” Spitzer said. “What they put out was a press release. … It simply makes no sense. The numbers don’t add up, it is bad policy, it will never happen and that is why [the president’s] Republican Congress isn’t even paying attention.”

Also on the panel were Toby Moskovits and Ben Shaoul, who both largely stayed away from the political tête-à-tête, and focused more on the market.

“We are accepting a higher cost of money,” Shaoul said, commenting on how his condo and rental business has adapted to a less certain finance environment. “Our concern is not only finding lenders, but finding the right lenders for the right project.”

To watch the panel in full, check out the above video.

For more videos, visit The Real Deal’s YouTube page.

Related Articles

John Catsimatidis

John Catsimatidis on why he should be mayor

Heritage Equity Partners Toby Moskovits and Michael Lichtenstein

Lawsuit: Toby Moskovits, Michael Lichtenstein owe investor $3M

John Catsimatidis during his 2013 mayoral run (Credit: Getty Images)  

Déjà vu: Catsimatidis thinking about running for mayor again

Catsimatidis scores approval for $300M tower in Florida

Catsimatidis scores approval for $300M tower in Florida

Michael Bloomberg (Credit: Getty Images, iStock)

Love, hate, and real estate: Bloomberg’s record may polarize voters

Magnum Real Estate Group's Ben Shaoul (Credit: Getty Images and iStock)

Ben Shaoul uses Bitcoin to sell retail condo for $15M

Heritage Equity Partners’ Toby Moskovits, Benefit Street Partners real estate managing director Micah Goodman, and the Williamsburg Hotel at 96 Wythe Avenue (Credit: Google Maps)

Toby Moskovits’ Williamsburg Hotel is headed for receivership following $68M loan default

WATCH: Don Peebles leads diversity in real estate talk at The Real Deal Miami event

WATCH: Don Peebles leads diversity in real estate talk at The Real Deal Miami event