Former New York Governor Switching to Real Estate

NEW YORK (AP) - Disgraced former Gov. Eliot Spitzer is working
as a commercial real estate investor and has bought an office
building just a block from the site of the infamous encounter with
a high-class prostitute that led to his downfall.

Working with his father's real estate company, Spitzer worked on
the deal to buy 1615 L St. NW, a 13-story building that counts
among its tenants the Washington outpost of the Nixon Presidential
Library, The Wall Street Journal reported Thursday evening on its
Web site.

The former governor says he walked through the building, talked
to the tenants and made "sure the building was in every respect
what we wanted." His family, which owns a number of towers,
intends to keep the building for years, and so is unconcerned that
its value might fall in the short term, he told the newspaper.

"We are optimists," he said, adding of the economy overall:
"What we are facing is as much a psychological hurdle as a real
economic hurdle."

The former New York attorney general stepped down as governor on
March 12, 2008, after details of a tryst with a prostitute in the
Mayflower Hotel were revealed. Investigators had been looking into
Spitzer's affairs after noticing unusual activity - later shown to
be payments to prostitutes - in the governor's bank accounts.

Spitzer declined to speak of the scandal that led to his
resignation, saying of his years in government: "Obviously it
brought great joy for a great period of time."

He told the newspaper he is enjoying his new endeavor. "I love
the vitality and the dynamism and the competition of the
marketplace," he said.

Asked if it's better than government, he said: "They are
different."


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