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Before its 1992 bankruptcy, it was the largest private owner of commercial property in New York City. “We don’t have the personality problems, the competitiveness, the jealousies, that some people do,” Albert Reichmann was quoted as saying in a 1988 article in Canada’s Globe and Mail newspaper, one of the few times anybody other than Paul Reichmann spoke for the family. “With bankers and investment dealers, Paul is more active. With administration and construction, I’m more active. It always works out.
By the time Albert arrived in Toronto in 1959, his two older brothers, Edward and Louis, had created Olympia Floor & Wall Tile Ltd. in Montreal; a younger brother, Ralph, was running its affiliate in Toronto; and another brother, Paul, had opened a property-development affiliate in Toronto.
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Source: TheTorontoSun - 🏆 23. / 68 Read more »