Trump Just Sold a $15.8 Million Condo to a Consultant Who Peddles Access to Powerful People

[ Originally published on this site as post ]

Last week, Donald Trump’s company sealed its first big post-inaugural real estate transaction, selling a $15.8 million penthouse to a Chinese-American business executive who runs a company that touts its ability to exploit connections with powerful people to broker business deals in China.

New York City property records show that Xiao Yan Chen, the founder and managing director of a business consulting firm called Global Alliance Associates, purchased the four-bedroom, six-bathroom condo in Trump’s Park Avenue high-rise on February 21. Before taking office, Trump signed documents removing himself from the board of directors of Trump Park Avenue LLC, the entity that sold the unit, but he remains the LLC’s owner.

Chen, who also goes by Angela Chen, did not