Machers

It's a swell deal. (Getty)

DEAR SIR! Harry Macklowe Requests the Benificence of Your Honest Investment in Bangladesh

Those email scammers sure are clever. Instead of continuing to make up foreign kings and dictators who have miraculously and mysteriously chosen you—yes, you!—for the riches they must now dispose of, they are using real, honest to god Americans, if slightly embellished, to attract patsies, err, investors.

Today, The Observer received one such email, with an offer to join “Mr. HARRY MACKLOWE, Biggest Land Owner of United State & Founder Chairman & Owner of Macklowe Properties” in an investment to establish a real estate investment in Bangladesh. Biggest Land Owner of United States? How could you say no! Still, something tells us Mr. Macklowe is plenty busy here at home, but in case you have a spare $2 million, we’ve included the details below. Read More

The Second Generation

Wit and wisdom from real estate developers who are following in their fathers’ (or grandfathers’) footsteps, from today’s Real Estate Board of New York luncheon:

Richard LeFrak: “If you read about all the problems that Ratner has had in Brooklyn, when they should be rolling out a red carpet for him considering what he Read More