Spitzer Moves Into DC Real Estate

Disgraced NY gov buys $180M office tower a block from tryst hotel

By Rob Quinn, Newser Staff

Posted Mar 6, 2009 5:48 AM CST

Copied

Spitzer Moves Into DC Real Estate — Eliot Spitzer speaks to reporters during a news conference where he apologized to his family and the public after a report that he was involved in a prostitution ring. (AP Photo/Mary Altaffer/FILE)

Eliot Spitzer is now working in real estate in the city where his downfall began, the Wall Street Journal reports. The ex-governor of New York has worked with his father's real estate company to buy an office block in Washington DC, only a block away from the hotel where he had the tryst with a high-class prostitute that led to his resignation.

Spitzer says he is confident about the $180 million office block as a long-term investment despite the grim real estate market. The former gov, who insiders say worked very closely on the deal, says he is enjoying his new life in business after "a detour along the way" as a politician. "I love the vitality and the dynamism and the competition of the marketplace," he told the Journal.
(More Washington, DC stories.)

Report an error