Billionaire developer Paul Milstein dies

Paul Milstein and the Dorchester Tower (building photo: CityRealty)

From the New York website: Developer Paul Milstein, who with his older brother Seymour built the influential commercial and residential real estate firm Milstein Properties, died this morning. Paul, born in 1923, was the more aggressive of the two, but together they built and diversified the family’s enterprises. In March, Forbes ranked Paul and the family as number 237 among the world’s billionaires, with a net worth of $3.8 billion. Seymour and Paul were the sons of Russian immigrant Morris Milstein, who came to the Bronx in 1919, eventually founding a major commercial flooring company called Circle Floor. [more]

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