Kent Swig Has Had Better Days
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Who's had a crappier year: fallen real estate mogul Harry Macklowe or his son-in-law, developer Kent Swig? It's looking more and more like a toss up. Not only is Swig's condo project at 25 Broad Street blowing up, and his hotel venture at 45 Broad Street now in foreclosure, but Sheffield57—the drama-plagued apartment building Swig purchased with two partners in 2005 for $418 million—was sold off at auction today. The price? $20 million. [Crain's]