Real Estate Royalty Report All Is Well

This odd profile today in the Times of the current state of New York office-building-owning real estate royalty indicates that they are all just fine and dandy! The Rudins, the Dursts, the Roses-they have weathered the storms (now all long past, apparently?) and there’s not a single bit of data in this accounting about any upcoming lease expirations or negotiations or regarding any possible dropping of rental prices per square foot. The only bit of contrast to their apparent success offered is the disaster facing solely residential developers, like Shaya Boymelgreen, in deep trouble for having jumped wholeheartedly into providing a glut of luxury condos. Somehow still, the Speyers end up on the outs here, due to their recent loss of Stuyvesant Town-even as, just last June, they were the family dynasty to worship. Also: not a mention of the arriviste Trumps or the Kushners.