Long A New York Real Estate Mainstay, LLCs Lose Their Anonymity

In the 2010’s, neighborhoods like West Chelsea and “billionaire’s row” south of Central Park were transformed as developers rushed to meet international demand for swanky apartments — many of them purchased by buyers paying full-price, using shell companies.

Trump Tower was one of the first Manhattan buildings to sell large numbers of units to anonymous LLCs. [ more › ]