Harry Macklowe's crumbling real estate empire is getting even smaller. The ex-billionaire purchased the Financial Times building at 1330 Avenue of the Americas in 2006 for $498 million. He's since failed to keep up with his mortgage payments, though, and now it's gone into foreclosure. Unfortunately for Harry and son Billy Macklowe, it's a process they're intimately familiar with: It's the eighth office building in town to slip from their fingers. [Reuters]
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