The Closing with Michael Shvo

The broker-turned-developer talks about his extensive art collection, his low profile during the recession and why he won’t do a reality show.

Michael Shvo
Michael Shvo (photo by STUDIO SCRIVO)

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From the October issue: Real estate impresario Michael Shvo, who embodied the excess of the last real estate boom, burst onto the development scene last spring with three high-profile projects in Manhattan. The move was something of a departure for the 42-year-old Israeli émigré, who famously ascended the ranks at Douglas Elliman, logging $300 million in sales as the firm’s top-producing broker in 2003 after only four years in the business, before notoriously parting ways with the brokerage to start the Shvo Group in 2004.  [more]