Fall of a New York real estate dynasty

It always seemed as if Harry Macklowe, the most famous of New York City's swashbuckling developers, was fated to lose it all one day. In good times, he borrowed heavily to expand his real estate empire. In bad times, Macklowe avoided catastrophe by sweet-talking his bankers - or battling them in court.

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[Source: Financial news of the day - CNNMoney.com]