Word: zeckendorfs
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...return for the $43.7 million that they pumped last year into the real estate empire of Manhattan's William Zeckendorf, 57, his new British partners extracted one condition: "From now on, anything we don't like won't happen." In response, aggressive Bill Zeckendorf, who had been keeping in fighting trim by agilely staying one step ahead of his creditors, earnestly promised to indulge in "less shooting from the hip." Longtime students of the Zeckendorf saga wondered just how long Bill Zeckendorf could stay away from grandiose real estate projects...
...restraint has confounded them. Instead of trying to lure his partners into big, risky new realty enterprises, Zeckendorf has manfully sold one property after another to acquire new working capital. Last week he spun off five urban redevelopment projects in Manhattan, Philadelphia and Pittsburgh to Alcoa Urban Development Corp., a newly formed subsidiary of mighty Aluminum Co. of America, which wants to do a little diversifying in a way that will also promote the use of aluminum construction. Alcoa gave Zeckendorf Property Corp. (an equal partnership between the British consortium and Zeckendorf's Webb & Knapp Inc.) $10 million...
...Promoter William Zeckendorf's Webb & Knapp...
More to Come. By last week, the conservative British influence seemed to have seeped even into Bill Zeckendorf's circular modern office. To increase the financial community's confidence in Webb & Knapp, Zeckendorf has agreed to beef up his board with a batch of prestigious "independent'' directors, including former Ambassador to Great Britain Lewis Douglas. Zeckendorf has also promised further property liquidations of $40 million and further refinancing of $20 million to "erase short-term debt completely and put Webb & Knapp in a substantial cash position." Henceforth, said Zeckendorf last week, Webb & Knapp will have...
...British mean to see that it stays that way in Zeckendorf Property. Said Henry R. Moore, lanky director of Philip Hill and vice chairman of Second Covent Garden: "In the past. Father Zeckendorf has been inclined to take on more than he can handle." But now, said Moore, with enough British directors on hand to exert a veto, "we have effective control. Bill Zeckendorf may be management, but anything we don't like won't happen...