Remember client No. 9, aka the former governor of New York, Eliot Spitzer? The disgraced politician, who had ambitions someday running for the White House, has found a new career in real estate. According to the New York Observer, he is working for his father Bernie's empire, Spitzer Enterprises. Not a bad backup gig for someone who fell from one of the most prestigious positions in the country, the New York governor seat, earlier this year.
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Spitzer's new career may be an accidental calling, but he certainly has the smarts and familiarity with business to become a major dealmaker in the real estate world. As for upside potential at Spitzer Enterprises, Eliot is the founder's son. Say no more: He is the logical heir apparent to his father, who suffers from Parkinson's disease and is not getting any younger.
The younger Spitzer has plenty to work with at Spitzer Enterprises, which owns close to $500 million of real estate, including valuable Manhattan real estate at 985 Fifth Ave., a luxury rental building; 210 Central Park South; 1050 Fifth Ave.; 800 Fifth Ave.; and 150 East 57th St. The only thing Eliot has to worry about is tempering his judgment, which has gotten him in trouble before. - Gerald Magpily
See New York Observer article
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