Former Gov. Eliot Spitzer seems to have turned the corner after resigning from his Albany office in the middle of a prostitution scandal. And instead of whiling away his summer at the beach, the Steamroller is planning on establishing an investment fund that will focus on turning people's failed dreams into cold hard cash for himself. A vulture fund, as such vehicles are called, focuses on buying distressed properties and then flipping them for a......

The Trinity School, a private school on the Upper West Side that charges annual tuition of $30,000 a year, is prepared to cash in on the rise in property values by opting out of the Mitchell-Lama housing program. That program was designed to reserve housing for middle-class tenants in New York through government subsidized loans and tax breaks. The disparity in below-market rents required by Mitchell-Lama and the value of the building that houses the......