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The Real Estate Royalty of New York

This week's Observer is the family issue, and 29 powerful New York clans get the spotlight treatment, including some real estate heavyweights that you know and love. You've got your Pickets, your Tishmans/Speyers, your Trumps, your Walentases, your Warburg Peterses and your Zeckendorfs. And to a lesser extent, if you want to count them due to that little thing going on, the Schnabels. The highlight of all this has to be David Walentas' explanation of how he first heard about Dumbo, which we won't ruin for you. We will tell you that he has "NO GUTS, NO GLORY" embroidered into the left cuff of all his dress shirts. Do not fuck with David Walentas.
· Observer []