The Real Deal New York

From the April issue: Given the bleak economic outlook and uncertain times for New York City real estate, the late developer Lewis Rudin’s steadfast belief in hanging on to all his holdings may serve as an encouraging example for jittery developers in a slumping market. Rudin, who died of bladder cancer in 2001 at age 74, did more than shepherd his family’s development dynasty through some of the most challenging periods for the real estate industry in the city’s history as he ran the Rudin Management Company, his family’s business. He played a leading role in rescuing New York from several fiscal crises. He first took a role in civic affairs during the bad old days of the early 1970s, when the city was cutting back on services and crime was a fact of life.