Real Estate: Quiet Giants

In real estate, as in baseball or show business, most participants strive not only to be first in the standings but to let the world know about it. A pair of entrepreneurs named Alexander Di-Lorenzo, 48, and Sol Goldman, 47, are quite different. So quietly that almost nobody knew what was happening, they have become the biggest buyers of real estate in the nation's richest real estate market, New York City. Estimated gross value of their holdings: at least $200 million.

Last week, with $1,250,000 cash and $7,250,000 in mortgages, the pair bought Fifth Avenue's Gotham Hotel from Gotham Realty...

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