What Donald Trump has to do with the 9/11 Attacks.
Valuations tracked by publications like Forbes and New York Times showed that despite some short-term market dips and project scale-backs immediately following the 2001 attacks (such as the Chicago tower plans),Donald Trump's overall real estate and licensing portfolio expanded considerably through the mid-2000s housing boom. HERE WE GO: While everyone was searching databases of securities markets to identify unusual short positions, nobody was looking at new long positions in the commercial real estate market in the United States. On the night of September 10, 2001, Trump noted he had a clear view of the World Trade Center from his windows. Following the September 11 attacks, Trump made a call to Silverstein—who had recently purchased the lease for the World Trade Center—calling it a "very sad call"... Led by legendary real estate tycoon Sam Zell , EOP was the largest publicly traded REIT and office property owner in the U.S. at the time. Zell’s fir...