Word: zeckendorfs
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Dates: during 1946-1946
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This shopper's how-to-buy dream is also the latest how-to-sell dream of big, balding William Zeckendorf, 41, up & coming executive vice president of the up & coming New York City real estate firm of Webb & Knapp, Inc. What made it more than a dream was that by last week bustling Bill Zeckendorf was almost ready to make it come true. He had: 1) 90% of the necessary property (in the heart of Flushing, near the site of the last World's Fair), 2) the financial backing of the Metropolitan Life Insurance Co., 3) the unofficial...
...Percentage. An old hand at the tricky process of bringing buyers, sellers, property, and capital together, Zeckendorf spent five years getting his $50,000,000 project under way. Toughest job was getting control of the property, which he began to buy piecemeal soon after he got the idea. To get the holdout 10% he will either have to pay a fancy high price or get help from the city through condemnation proceedings...