Word: knapp
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...creditors agape with suspense. For years, people have been expecting Zeckendorf to take a tumble, though he has always managed to regain his balance. Recently, though, Zeckendorf's balancing act has been getting more and more precarious. Last week the Alleghany Corp, complained that Zeckendorf's Webb & Knapp, Inc, had failed to pay it $570,000 in back rent on some Denver properties, and rotund Bill Zeckendorf, 57, admitted that his $400 million empire was in its worst trouble ever. Said he: "I think the odds are about fifty-fifty whether we'll make...
...tunnel of horrors, lost several million dollars last year. His scheme for selling his hotels and leasing them back has backfired because of falling occupancy rates and higher costs. The softening real estate market has forced him to defer many of his plans to sell off Webb & Knapp buildings to raise cash. And, to top it all off, the New York Stock Exchange finally turned down the two-block site near Wall Street that Zeckendorf had proposed for its new home, decided on another instead. All told, Webb & Knapp last year lost...
...biggest surprises was Bruce Knapp's tremendous effort against Yale captain Jon Bogert. Knapp held the heavily favored Bogert to a draw by building up an early lead and hanging on until time...
...slate included William C. Kurs '64, first vice-president; James I. Knapp '64, second vice-president; L. Stockton Illoway '65, operations director; Danny J. Boggs '65, corresponding secretary; John R. Bailey '64, treasurer; Jonathan Jewett '65, Eric A. Von Salzen '65, Mark J. Andrews '66, David L. McNicol '66, and Laurance Rockefeller '66, members at large...
Unaccustomed to that sort of guerrilla warfare, the British retreated in some order. They still keep their position in Zeckendorf Property Corp., an affiliate that they insisted be spun off from Webb & Knapp in 1961, where they are joint partners with Webb & Knapp with 47.5% each (the remaining sliver belongs to Alcoa). Zeckendorf Property has under way 13 promising urban development projects, including Manhattan's Lincoln Towers, and Zeckendorf plans to continue linking up with partners to build mw development projects-but to keep ouTsiders out of Webb & Knapp. He hopes that assiduous real estate trading can keep...