The Waldorf-Astoria. The GM Building. The megadevelopment at Pacific Park. These trophy investments and scores of others point to something that can no longer be ignored: When it comes to real estate, New York City is now China’s town. We explore that phenomenon in-depth in our March issue, now available online.
In “The Year of the Chinese Investor,” reporter E.B. Solomont analyzes some of the triggers that have led the Chinese to pour their funds into the Big Apple. In “Digging to China,” she talks to some of the machers connecting players in Beijing, Shanghai and New York. She also goes behind the $2 billion deal for the iconic Waldorf-Astoria, with a play-by-play on how it went down.
On the local landscape, Ian Bruce Eichner, a name that in some real estate circles is a “portentous omen,” is back. In a profile, Rich Bockmann chats with him about his plans for world (or at least New York) domination.
We take a look at the biggest lobbying firms representing real estate interests, and also profile U.S. Attorney for the Southern District Preet Bharara, who, to put it mildly, makes the real estate industry nervous.
Finally, in our Closing interview, former deputy mayor and perennial bigwig Dan Doctoroff chats about golfing with Related’s Stephen Ross, being psychoanalyzed in childhood and his love for Tootsie Rolls.
To read the issue, click here or on the Magazine tab at the top of the website. Enjoy! – Hiten Samtani