September 21, 1989 |
When it comes to odd couples, Paul Reichmann, the low-key and deliberate financial wizard whose family controls Olympia & York Developments Ltd., is about as far away as you can get from the flamboyant and adventurous Robert Campeau. "One is pure logic and one is pure emotion," said a Toronto stock analyst who follows Campeau Corp.
May 28, 1992 |
Cash-strapped Olympia & York Developments Ltd. has asked a court to put its massive Canary Wharf office complex in London under bankruptcy protection, the company said Wednesday. Canary Wharf, Europe's largest commercial property complex, is a cornerstone of the O&Y empire controlled by the Toronto-based Reichmann brothers.
May 16, 1992 |
The bankruptcy filing by Olympia & York might well keep alive the world's largest real estate company, but it represents a once-unthinkable descent for one of the most mysterious and successful business enterprises of modern times. The Reichmann brothers, Paul, Ralph and Albert, offspring of World War II refugees from Europe who settled here in the 1950s, turned a small family tile-importing business into a huge, privately held empire in real estate, oil and timber once valued at $31 billion.
August 13, 1992 |
U.S. Investors to Bid on O&Y London Project: Major Wall Street investors, including CBS Inc. Chairman Laurence A. Tisch, are expected to make a bid exceeding $570 million for Olympia & York's Canary Wharf project in London, a source close to the deal said. A group of 11 bankers is scheduled to gather in London today to hear details of the bid by Tisch and Lewis Ranieri, a former Salomon Bros. vice chairman, said the source, who requested anonymity.