In his round, paneled office atop the Manhattan headquarters of Webb & Knapp, Real Estate Tycoon William Zeckendorf has three telephones, a bronze Matisse nude, but no windows. The reason, says the room's designer, is that for a showman like Bill Zeckendorf "it would be ridiculous to create any environment for him other than one consisting exclusively of himself."
In this environment, Zeckendorf is rarely diverted from dreaming up big and complicated real-estate deals. Last week he invited reporters into his office to disclose his biggest deal yet. He had just bought control from the Chrysler family of the famed,...