Word: zeckendorfs
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Dates: during 1960-1969
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...head of Webb & Knapp, Inc., whose interests have spanned from Los Angeles' Century City to Manhattan hotels, rotund William Zeckendorf is known as a spectacular real estateman. His losses have also been spectacular. In 1962, Webb & Knapp dropped $19.6 million. Last week, filing an annual statement that had been delayed so that accountants could untangle Zeckendorf's web of multiple mortgages, the company reported a disastrous 1963 loss of $32.3 million...
...While Zeckendorf reeled and dealed to cover his debt, the revenues he had expected to rescue him failed to materialize. Freedomland, a pale Bronx imitation of Disneyland, lost $5.4 million. Place Ville Marie, a skyscraper show place in Montreal, lost another $4.5 million, and Webb & Knapp (Canada) no longer controls it. New York's Roosevelt Field, a large shopping center and industrial park, lost $1.2 million. Zeckendorf also took a $4.5 million bath in his Manhattan hotels...
...plot in New York's financial district, part of his Southwest Washington redevelopment project, and a San Francisco site where Webb & Knapp intended to construct apartments. Last week he dealt off his right to buy Manhattan's Drake Hotel, and a British buyer was reportedly dickering for Zeckendorfs Chatham. Considering that his revenues from the Astor, Manhattan and Taft are being passed out to creditors, the only New York hotel that Zeckendorf appears to have free and clear is the Gotham...
...elbow-one to the office, one to the outside world and one to the rostrum, 75 ft. away. But all those hot lines could not break the ice at the giant auction in the grand ballroom of Manhattan's Astor Hotel. In need of some hard cash, William Zeckendorf, 58, put 25 New York City properties up for grabs, hoping to get more than $7,500,000. Only ten of them drew any bid at all, sold for a near-minimum $2,622,000 (which will be whittled down to a mere $1,575,000 when Zeckendorf pays...
...England. A slight, wiry, cosmopolite (Czech-born, to a French father, Hungarian mother), Bouche studied in Munich and Paris, went through "all the isms-expressionism, surrealism, nonobjectivism"-before settling in New York in 1941 to find his real calling: chronicling "the quintessential people of our time" from Arp to Zeckendorf, and producing a gallery always elegant and sometimes profound-as when he painted Elsa Maxwell as a Velasquez court dwarf...