The Real Deal New York

Spitzer: Real estate & redemption

September 01, 2013 07:00AM

It’s a New York City truism that politics and real estate are cozy bedfellows. But Eliot Spitzer’s bonds are stronger than most. The former governor — who resigned in the wake of a prostitution scandal and this month is going head-to-head with fellow Democrat Scott Stringer for the job of city comptroller — is the scion of a prominent real estate family.

As he attempts to win redemption in politics, The Real Deal examined Spitzer’s ties to the real estate industry, looking at his family’s roughly $1 billion property portfolio, his real estate track record while in public office, and how a potential win would impact key industry issues from development projects to taxes.