The October issue is live! Inside: NYC’s dirty real estate money, predicting the next “Big Short” & more
Earlier this year, the financial world was rocked when federal authorities seized a sizable stake in The Park Lane Hotel. The feds had been investigating whether a Malaysian economic development fund bankrolled the hotel with laundered cash.
The scandal ensnared global banks, high-profile politicians and New York City developers (even if they weren t complicit in the alleged scheme). And while it serves as an extreme example of money laundering in Manhattan, it points to the city s real estate as a prime spot to park dirty money.
In the cover story for our October issue, The Real Deal investigates how the rise in nontraditional funding for New York City s commercial real estate may further open the door to questionable deals.
Meanwhile, in another shadowy sphere of the industry, we examine the underbelly of New York’s Chinese real estate scene for Chinese immigrants, a billion-dollar housing market that is quite opaque. We also looked at China s biggest property tycoons in the New York City area, which includes the heads of Dalian Wanda Group and Anbang Insurance Group. Some of the moguls have unusual backgrounds, including soldi爱上海同城对对碰