Donald Trump

“The building is beautiful, the service is impeccable,” Marjorie Jacobs, a resident of the Upper West Side complex currently known as Trump Place told Bloomberg in October, “But the name is very embarrassing." An outcry by similarly-minded residents and a petition have culminated in the decision to remove the president-elect's name from the buildings and instead name them according to their street addresses at 140, 160 and 180 Riverside Boulevard, reports Crains.
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Real Estate Trends

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November 15, 2016

Officials contemplate 5th Avenue shutdown whenever Donald Trump is in town

If you thought it was inconvenient whenever President Obama came to town, under a Trump presidency, things are going to get much worse. The Daily News reports that law enforcement officials are mulling a shutdown of 5th Avenue whenever the president-elect decides to stay in his penthouse in Trump Tower. As many know, the area is one of the busiest commercial hubs in the Manhattan, a mix of mid- and high-end retailers, paying top rents and pulling in millions of tourists annually. Moreover, it is also home to thousands of New Yorkers, a handful of which who live in Trump Tower and are already fed up with the disturbances that have emerged as of late. Immediately after the 2016 election results were announced, Trump Tower was swarmed by protestors—and guards wielding heavy ammunition.
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#NotMyAIA: Architects reject AIA statement pledging to ‘work with’ Trump

Promises and reality: Trump’s failed attempts to build the world’s tallest buildings in NYC

November 15, 2016

#NotMyAIA: Architects reject AIA statement pledging to ‘work with’ Trump

. The American Institute of Architects (AIA) issued a statement last Wednesday pledging that "The AIA and its 89,000 members are committed to working with president-elect Trump to address the issues our country faces, particularly strengthening the nation's aging infrastructure." The statement issued by organization chief Robert Ivy assured that the country's architects would help the incoming president and congress with construction industry-related matters: "During the campaign, president-elect Trump called for committing at least $500 billion to infrastructure spending over five years,” said Ivy–possibly providing an imperative for the message. But that does not appear to be reason enough for members, who say they do not necessarily "stand ready to work with him and with the incoming 115th Congress.” A swift and indignant backlash led to an apology by Ivy released early this week.
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Trump hopes to spend weekends in NYC at Trump Tower during presidency

Interior image Refinery29

November 14, 2016

Trump hopes to spend weekends in NYC at Trump Tower during presidency

It appears that Donald Trump missed the memo that being President is a round-the-clock job, not a 9-5 gig. As the Times reports, the president-elect has been asking aides how many nights he'll have to pass in D.C., and whether or not he'll be able to stay in his 5th Avenue penthouse on weekends. "He has told them he would like to do what he is used to, which is spending time in New York when he can," writes the paper. During the campaign, Trump would often forgo local hotels, opting instead to fly to NYC late at night just so he could sleep in his own bed.
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Celebrities

Trump Tower residents are sick of protestors; problem unlikely to improve

Photo via Kristal T/Flickr

November 11, 2016

Trump Tower residents are sick of protestors; problem unlikely to improve

Since Donald Trump announced his run for office, Trump Tower, where the President-elect both lives and keeps his political headquarters, has been a hotspot for protestors. While in the past few months, inconveniences haven't escalated far beyond anti-Trumpers stopping by to give the building the finger, after the 2016 election results were announced, it's become veritable zoo outside the 5th Avenue tower as thousands have convened to denounce (and to be sure, support) a Trump presidency. The situation has become a major disruption for residents of the luxury skyscraper who are now annoyed with the crowds. As The Post so fittingly writes, "It’s not so easy being a member of the 1 percent if you live at Trump Tower."
more on the complaints here

November 11, 2016

Headed for auction, Trump’s childhood home could fetch Queens couple $10M

By Annie Doge

A divorcing couple in Jamaica Estates, Queens just got something new to fight over: proceeds from the sale of their relatively modest six-bedroom Tudor home at 85-15 Wareham Place, which will head for the auction block in the first week in December. The house, which the estranged couple tried to sell for $1.65 million, chopped to $1.2 million, then pulled from the market, just happens to be where President Elect Donald Trump spent his terrible twos, and is expected to fetch at least 10 times that ask at auction, according to the New York Post.
A rising Trump floats at least one boat

Subway Therapy let thousands of New Yorkers leave their election grief on Post-it notes

Photo via office of Governor Cuomo

November 10, 2016

Subway Therapy let thousands of New Yorkers leave their election grief on Post-it notes

In addition to last night's anti-Trump rallies, the 14th Street-6th/7th Avenue subway tunnel was transformed into a post-election grieving center of sorts. Here, the artist Levee installed a temporary art installation called Subway Therapy that was a colorful collection of thousands of Post-it notes on the wall where people wrote in their feelings. "Because of how stressful the last couple of days were, I thought it would be nice to have something that people could do really quickly so they could maybe get something off their chest," Levee told ABC7.
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November 10, 2016

Real estate industry likely to benefit from a Trump presidency

The city's real estate industry isn't too worried about a Donald Trump presidency. Real estate insiders feel that the man whose family's fortune was made in the industry and padded by its favorable tax breaks, foreign investments and still-rising market will be unlikely to bite the hand that has fed it so well, Crains reports.
Loopholes safe; affordable housing not so much

‘Not my president’: Thousands join Anti-Trump protests across New York City

Image via Rachel Maddow Blog on twitter

November 10, 2016

‘Not my president’: Thousands join Anti-Trump protests across New York City

Demonstrations broke out across the country yesterday evening as hundreds of thousands gathered to protest the election of Donald Trump for president. NYC itself was largely activated by two groups, Socialist Alternative and Answer Coalition, who used social media to call upon New Yorkers to gather at Union Square and Columbus Circle, near Trump International Tower. Thousands of participants held signs emblazoned with a swath of issues now under threat, from LGBT to Black Lives Matter to the environment. Chants like "Not my president!" "Trump Makes America Hate" and "Don't Lose Hope" rang through the streets as protestors marched through Midtown to convene at Trump Tower. Among the crowds, however, were also Trump supporters who showed up to celebrate the victory.
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Anti-Trump protests planned in Union Square and Columbus Circle, tonight

By Metro New York

After nearly two years of controversial campaigning, countless protests and seemingly endless division, Donald Trump has been elected the 45th president of the United States. While many Americans are either celebrating the win or reeling at its results, some still have some fight left in them—or at least a protest. Socialist Alternative is planning just that Wednesday […]

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November 8, 2016

Don’t miss your $23M chance to be Donald Trump’s downstairs neighbor

By Annie Doge

This "yuge" Trump Tower penthouse hit the market back in October 2015, but its $23 million price tag and location just a few floors below Donald Trump's personal residence have apparently not been the biggest selling points. As 6sqft previously noted, the sprawling (albeit gaudy) condo was once owned by the Donald himself, back when his parents lived there and when he reportedly rented it out for $110,000 a month to buddy Michael Jackson and then-wife Lisa Marie Presley. But if you're still itching to be neighbors with the presidential candidate, it's not too late.
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October 28, 2016

As the election nears, sales at Trump buildings decline

Now that we're nearer to the election, and since the negative press surrounding all things Donald Trump has come to a head, things are starting to crumble for his real estate empire. Not only did his personal hotel brand decide to drop his moniker, but a group of Trump Place tenants even went so far as to petition their board to remove his name from their buildings. A report out today in the Times takes a closer look at how sales are declining, and data from CityRealty confirms that from 2015 to 2016, there was a 17 percent decrease in the number of sales at Trump condos.
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Real Estate Trends

October 27, 2016

20 years ago, the city told Donald Trump he couldn’t put his name on the Columbus Circle globe

These days, New Yorkers are going to great lengths to get Trump's name off their buildings, and even his company itself has personally shed his moniker from their hotel brand amid declining bookings. But back in the '80s and '90s, the Donald would freely slap his name on just about anything he wanted. That is until 1996, when the Giuliani administration (sense the irony here?) denied his request to brand the giant globe outside the Trump International Hotel & Tower. The Times recently got its hands on a 20-year-old City Planning Department memorandum that outlines how the agency deemed any lettering on the sculpture illegal.
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October 21, 2016

Board shoots down residents’ petition to rename Trump Place

Add to the list of folks who want absolutely no association with this year's inflammatory Republican presidential nominee: the residents of Trump Place. According to the LA Times, a number of Trump Place tenants had been quietly petitioning to have The Donald's name removed from their entrance at 220 Riverside Boulevard. As one embarrassed resident told the paper, “I used to tell people I lived in Trump Place. Now I say I live at 66th and Riverside Boulevard.” Another said it’s “annoying” that he “always has to defend it to friends.”
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Celebrities

Trump’s Wollman Ice Rink and Bronx golf course were more personal gain than public good

Photo via Flickr cc

October 19, 2016

Trump’s Wollman Ice Rink and Bronx golf course were more personal gain than public good

Photo via Flickr cc Though few would deny that Donald Trump enjoys placing himself in the spotlight, WNYC reports that the Republican presidential nominee has a history of claiming to save the day on public projects when it turns out that he didn’t hold up his end of the bargain, and the city ended up holding the bag. Among his supporters, Trump has a reputation for stepping in to rescue abandoned city projects, a favorite example being Central Park’s Wollman Ice Rink. About thirty years ago, the rink had fallen into disrepair and had sat unused for six years due to the city’s inability to find the funds or move past the red tape involved in fixing it. Trump brought his “get it done” attitude to the project, offering to help fix the rink. In 1986, the city agreed to let him lend a hand. Though Trump completed the repairs on time and under budget, the rink repair job wasn't the act of philanthropy–nor the ongoing financial bonus for the city–that the candidate claims it was.
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Policy

October 17, 2016

Amid declining bookings, new Trump hotel brand drops his name

Though sales at Donald Trump's Manhattan residential buildings are still selling at a premium, national real estate and business at his hotels are different stories. Politico reports that the Trump Organization--the umbrella under which all his self-branded ventures fall, from his clothing line to golf courses--has dubbed its newly launched hotel line Scion, clearly void of his moniker, but meaning "descendant of a notable family." Trump Hotels CEO Eric Danziger said in a press release, "We wanted a name that would be a nod to the Trump family and to the tremendous success it has had with its businesses, including Trump Hotels, while allowing for a clear distinction between our luxury and lifestyle brands." Though this may be true, it may also have something to do with the fact that, according to travel company Hipmunk, hotel bookings at Trump properties were down 58 percent in the first half of the year.
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Events & Things To Do

September 19, 2016

A Trump empire built on $885 million in tax breaks has cost the city a fortune

If you've followed Republican presidential nominee Donald J. Trump's gold-plated real estate career, you might already know how much of his success has been due to his family's extensive political connections–and generous tax breaks, grants and incentives from the government and taxpayers. In case you haven't read Trump's 1987 bestseller "The Art of the Deal," the New York Times illuminates the role that hundreds of millions in tax breaks have played in the Trump empire. While Trump may not be much different from other developers in seeking tax breaks, the candidate vociferously paints a picture of a rigged system and a fixed game. But these very fixes have enabled him to achieve a net worth estimated at 4.5 billion and the opportunity to indulge a run for the nation’s highest office.
So what's been going on here?

Naked Trump statue returns, spotted near Holland Tunnel

Photo by NYC NewsChannel via Twitter

September 16, 2016

Naked Trump statue returns, spotted near Holland Tunnel

By Metro New York

After an artists’ collective exposed the nation last month to life-sized nude Donald Trump statues in cities across the U.S.—including New York City, San Francisco, Los Angeles, Seattle and Cleveland—they have reappeared in public. The “anarchist” art collective, Indecline, placed the statues on a building rooftop near the Holland Tunnel in New Jersey, and on a […]

Events & Things To Do

September 8, 2016

Would you flee New York if Trump becomes president?

By Michelle Sinclair Colman

Every four years, in the lead up to the presidential election, a new group of voters declare they will leave the country if their candidate does not get elected. According to the Google Data Editor Simon Rogers, searches for “how can I move to Canada” spiked 350 percent following March’s Super Tuesday results. But, in […]

Real Estate Trends

September 2, 2016

One month after anti-Trump sale, Keith Olbermann’s former Trump Palace condo returns for $3.9M

Liberal commentator Keith Olbermann listed his Trump Palace condo on the Upper East Side for $3.9 million in April, publicly citing his opposition to the presidential candidate. Even though he took a loss on the sale (it went through for $3.8 million in July, but he bought it for $4.2 million in 2007), he couldn't hide his relief: "I feel 20 pounds lighter since I left… If they had changed the name of it to something more positive like Ebola Palace I would have happily stayed." Now, just a month after Olbermann's tweet that he was "FREEEEEEEEE!" and "got out with 90% of my money and 100% of my soul!" the 40th floor spread is back on the market for $3.9 million. As LLNYC reports, the buyer was Syrian businessman Albert Nasser, who has very different reasons for unloading the condo.
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August 29, 2016

Like father like son: The Trump legacy of housing discrimination

Black potential tenants who just wanted a decent place to live were routinely turned away at the Trump family’s Queens housing complexes and others. Housing activists and equal housing organizations took note, and in 1973 Trump Management was sued by the Justice Department for discrimination. Some of those tenants who stood firm remember the indignities all too well. The New York Times took a look at the early days of the Trump empire, when Donald's father, Fred C. Trump, built and managed middle-income residential complexes like the Wilshire Apartments in Jamaica Estates, Queens. A former employee of the elder Trump tells the Times that when receiving applications from potential tenants who happened to be black he was told, "Take the application and put it in a drawer and leave it there."
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August 23, 2016

Donald Trump quintuples rent on his own campaign office now that he’s seeing donations

Now that he's finally raking in funds from donors as opposed to cheaply self-funding his own campaign, Donald Trump is loosening the purse strings. The first order of business comes at his very own Trump Tower campaign headquarters, where he's nearly quintupled the monthly rent. According to a Huffington Post review of Federal Election Commission filings, his campaign was paying $35,458 a month from last summer until up March. But in July, when the donations started coming in, that skyrocketed to $169,758. This came with a reduction of paid employees and consultants, from 197 to 172.
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Celebrities

August 12, 2016

The Real Estate Loopholes That Let Donald Trump Look Penniless on Paper

As chatter surrounding Republican presidential candidate Donald Trump's refusal to make his tax returns public grows louder, the New York Times explains what all the fuss is about, pointing out that while he's under no legal obligation to open up the books to public scrutiny, every presidential candidate has chosen to do so since Richard Nixon. Despite the hundreds of millions in gross revenue from his vast real estate holdings, there's a good chance that Trump has paid little–perhaps even zero–federal income tax in past years. The interesting point is that technically the candidate hasn't done anything "wrong," but rather is in the business of doing business, and that business is real estate. The opportunities that real estate can provide for the wealthy to legally avoid forking over the taxes that their incomes would otherwise dictate they pay are numerous, from hiding behind LLCs to swapping real estate purchases to avoid paying taxes.
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August 5, 2016

Donald Trump’s Poor Real Estate Investments Depleted His Wealth Threefold