The Real Deal New York

Developers who rise from the dead

Why do some come back from bankruptcy while others get exiled to the lending desert?

November 12, 2015 10:00AM
By Konrad Putzier

Illustration by Noah Patrick Pfarr

Illustration by Noah Patrick Pfarr

From the November issue: Legendary real estate investor William Zeckendorf Sr. owned about as many buildings as he had suits in his wardrobe. And with a fluctuating girth — the famously stout tycoon was known for dropping as much as 40 pounds only to quickly regain it — his closet was lined with a lot of suits.

In other words, his business fortunes yo-yoed the same way his weight did. [more]