Mogul’s woes could serve as a warning

The troubles over the last 12 months for commercial real estate investor Adam Hochfelder could serve as both a case study and as a warning for others who want to speculate their way to a financial killing in the city’s booming office market. Hochfelder, co-founder of Max Capital Management Corporation, entered 2005 as a young, successful investor involved in deals that included the Helmsley Building and bringing NASCAR to New York City. But he exited the year being sued for millions by, among others, his uncle and his father-in-law. more [WSJ]