Word: realtors
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Dates: during 1950-1959
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When Ohio Realtor John W. Galbreath offered to buy six buildings in Cleveland's downtown Terminal Tower Group for $7,800,000 last spring, Railroader Robert R. Young, who owned the majority of the stock, thought the deal was solid. But when the time came to pass the cash, Galbreath wanted to change the sale conditions. Twice Bob Young granted extensions; twice Galbreath asked for new terms, and the contract grew to 100 pages...
...pennant-bound Phillies. Last week, also, a secret was out. Rickey, always a wise head at selling at the right time, had put his block of Brooklyn stock (25% interest) up for sale. The asking price: something around $1,000,000. The man on the inside track: New York Realtor William Zeckendorf, who specializes in big deals (he gathered up the Manhattan property which John D. Rockefeller Jr. later gave...
...Union, N.J., plans for a new movie theater were scrapped; a $50,000 supermarket will be built in its place. The realtor's reason: "changed conditions and, particularly, the advent of television...
...friend once said of Ohio Realtor John Wilmer Galbreath: "The thing you must remember is that John must have success." At 52, John has it. When his old friend Senator John Bricker was attorney general of Ohio, Galbreath was named a real estate appraiser for the state. (Later he and Bricker formed an insurance company together.) Galbreath spread into the real estate business on his own, became president of the National Association of Real Estate Boards, and bought an estimated $10 million worth of property scattered from Hoboken, N.J. to Utah. He also became part owner (with Bing Crosby...