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The 2012 Real Estate Power 100
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The 2012 Real Estate Power 100
By Jotham Sederstrom
May 8, 2012
Originally Published in Commercial Observer
During the final months of his 2010 campaign for governor, Andrew Cuomo, the former United States Secretary of Housing and Urban Development, found himself high above Manhattan, sitting across a table from Stephen Ross.
To most political analysts and voters, Mr. Cuomo’s gubernatorial ascendance was already a foregone conclusion, thanks, perhaps, to the precision of an inner circle jam-packed with believers plucked from HUD and the attorney general’s office, yes, but also to a thick core of purple-veined veterans tied to dad Mario’s 11-year reign. News a year earlier that President Obama secretly implored Mr. Cuomo’s predecessor, David Paterson, to withdraw from the race—followed later by indications that his Republican opponent Carl Paladino was beginning to unravel—hardly hurt the frontrunner’s momentum....
19. Leonard Litwin & Gary Jacob (44) President-CEO and Executive Vice President, respectively, Glenwood Management
While money, as the song says, can't buy love, it certainly can buy power, something the 97-year-old luxury residential developer Leonard Litwin has a lot of these days. In 2011, the 374th-richest American gave nearly $700,000 in political contributions across New York, making him the biggest individual donor in the state. Those gifts, which skeptics might assume come at a price, included $436,500 to Senate Republicans and $76,000 to the Democrat Governor Cuomo. Meanwhile, at a time when debt is expensive, Mr. Litwin is doing what few others can: paying cash for new real estate, which is probably the most remarkable measure of the baron's power to date...
Read the full article, The 2012 Real Estate Power 100 at Commercial Observer