Inside Russell Galbut’s plan to sell floating luxury condos

For centuries, real estate was tangible, actual, genuine land to inhabit and build on and buy and sell. Developers found ways to trade swampland, coastline and air rights and to market the ground separately from the building above. Bankers financialized real property into abstract products; start-ups sold shares in second homes. But the oceans remained […]This article originally appeared on The Real Deal. Click here to read the full story.