How Howard Hanna’s Real Estate Market Might Have Toughed Up Without Trump
NEW YORK (AP) — How Howard Hanna’s real estate market might have toughed up without President Donald Trump is an open question.
The New York City-based real estate developer and his top executive resigned from his leadership role at his portfolio company, which oversees many of the biggest Manhattan real estate projects, including the Trump International Hotel in downtown Manhattan and the Trump Tower in the financial district.
Hanna has said he didn’t want to be a distraction to the president.
He also has said the president is too busy to do much in terms of the business.
Hanni’s departure follows that of another top executive, who left the White House earlier this year amid concerns about Trump’s business empire.
Trump fired the director of the Office of Government Ethics, Steven A. Miller, last month amid revelations that he had failed to report his own business interests.
The ethics office had been investigating whether Trump’s businesses had violated federal law.
Miller had not been charged, but the Office for Government Ethics has said it plans to investigate further.
Hannam’s company, the New York-based Hanna Development, said Wednesday that he would step down as CEO after the end of the year.
The company said it expects to retain another executive who is a Trump loyalist.
The announcement was made in a statement released by the company.
“As we work to better serve our clients, we are making decisions that will benefit our team members and the entire business,” the statement said.
“We thank all our loyal employees and their families for their service to the company and the nation.”
Hanna’s departure comes just days after Trump announced the creation of a new White House advisory council, an unprecedented move that has angered some of his supporters.
The council is a committee of members chosen by the president and has no official role.
The president also has not yet selected the chairman.
“The new White Senate is going to have to be more than just a rubber stamp,” Trump said in a Thursday news conference, adding that he is still working to determine who will serve as chairman.