The Real Deal New York

From the March issue: It was supposed to be a day of triumph for real estate mogul Richard Kalikow and his staff overseeing the conversion of the 583-unit Manhattan House into luxury condos. Less than a week before, on March 30, 2007, New York State’s Attorney General had signed off on the $1.1 billion condo conversion plan for the storied East Side property, on 65th between Second and Third avenues. That afternoon, Kalikow staffers had mailed the last of the sales offerings out to the building’s tenants, a benchmark that took 18 months to reach. But there would be no congratulatory messages from majority partner Jeremiah O’Connor that day. Instead, he served Kalikow with a legal notice demanding the commercial version of a divorce.