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

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

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

arrow_forward_ios
Don Peebles (WikiMedia / Photographer Polo Sivori)
“Hardest project in my career to capitalize”: Diversity fund proves tough test for Peebles
“Hardest project in my career to capitalize”: Diversity fund proves tough test for Peebles
Food stores with huge refrigeration needs don’t get any special consideration under the city’s carbon emissions law. (iStock)
Grocery stores seek reprieve from emissions cap
Grocery stores seek reprieve from emissions cap
John Catsimatidis and 670 Pacific Street (Getty, StreetEasy)
Catsimatidis notches win for landlords in 421a suit; tenants vow to appeal
Catsimatidis notches win for landlords in 421a suit; tenants vow to appeal
From left: a rendering of 286 Rider Avenue, Ben Harlev and Heritage Equity Partners' Toby Moskovits (Fischer Makooi Architect, Moskovits via Sasha Maslov, Ben Harlev via NadlanCityNY)
Lender tries to seize Toby Moskovits’ Bronx apartment project
Lender tries to seize Toby Moskovits’ Bronx apartment project
Toby Moskovits (Google Maps, Supreme Court of the State of New York)
Fortress files to foreclose on Toby Moskovits’ Bushwick hotel site
Fortress files to foreclose on Toby Moskovits’ Bushwick hotel site
Don and Katrina Peebles with their recently purchased Bath Club unit. (Getty, ONE Sotheby’s International Realty)
Developer Don Peebles downsizes in South Florida
Developer Don Peebles downsizes in South Florida
Daniel Hoeg and Don Peebles (Daniel Hoeg, Gettty, iStock)
Peebles accuses former associate of “anonymous and malicious” smear campaign
Peebles accuses former associate of “anonymous and malicious” smear campaign
Don Peebles and the Bath Club (Getty, Peebles Corp.)
Judge slaps Don Peebles’ Bath Club Entertainment with $1M in sanctions
Judge slaps Don Peebles’ Bath Club Entertainment with $1M in sanctions
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...