REAL ESTATE: Toots's Roll

Manhattan Restaurateur Toots Shor's motto in life has long been, "Having friends is better than having money." As the town's No. i host to sportsmen, writers and politicians, Shor built a reputation as a fabulous spender, was often broke but never for a moment lacked for loyal friends. Last week Shor had no lack of money, either. For $1,500,000 he sold his leasehold, which still has nine years to run, on his 51 West 51st Street restaurant, which he has operated since 1940. Purchaser: William Zeckendorf's Webb & Knapp, which plans to tear down Shor's place, add its 6,000...

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