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This article reports that the reputation of entrepreneur Paul Reichmann and the Reichmann family's Olympia & York Developments Ltd. has been damaged by the bankruptcy of Campeau Corp. Olympia is the richest and most powerful real estate developer in the world. The Reichmann family let Campeau drift into a crisis of confidence.

The background, wealth, and activities of the Reichmann brothers, Albert, Paul and Ralph of Toronto, Canada, and their flagship company, Olympia & York. Their holdings and future plans. Other Canadian billionaires.

The article features the Jewish brothers Paul, Albert and Ralph Reichmann, founders of Toronto, Ontario-based Olympia & York Enterprises Ltd., which is considered the world's largest real estate developer. Olympia owns vast lands and properties including New York City's World Financial Center and other buildings. It has acquired Gulf Canada Corp. in 1985 to access Canada's oil, gas and timber reserves. The Reichmann family's journeys from Eastern Europe to Toronto are described.

The article reports on the offer of Cadillac Fairview Corp. to buy back up to 15 million of its own shares in Canada. The offer resulted in the tussle between two of Canada's wealthiest families, the Bronfmans and the Reichmanns. Charles Bronfman secured family control by bringing the total share of the family to just over 51 percent.

Profiles the Reichmann family of Canada and their main business Olympia and York Developments, Ltd (O&Y). Three brothers Paul, Albert and Ralph; O&Y among the world's largest real estate developers; Brothers' reputation for an almost superhuman shrewdness; Their Orthodox Jewish background; Canary Wharf venture in London; Their problems because of the world-wide real estate slump.

Examines the billionaire Canadian Reichmann family's libel suit against Toronto (Ontario) Life Publishing Co. and Toronto journalist Elaine Dewar over Dewar's article `The Mysterious Reichmanns: The Untold Story.' The Reichmanns claim the articleimplies their great wealth was amassed by illicit means during World War II. Comments on the suit by Paul Reichmann, 58; Family history and escape from the Nazis; Relations with Canadian Jewish community.

Profiles the Reichmann family, following the 1992 demise of their company Olympia & York Developments Ltd. Start-up of another real estate business by Philip Reichmann; Other family members working to redeem their name and build a business empire; Abraham Reichmann and Destination: Technodome, to be developed outside of Toronto, Ontario; Paul Reichmann's comeback with Central Park Lodges Ltd.; How the next generation was freed for entrepreneurship by the previous generation's failure. INSETS: Cyberspace salesman, by J.S.;Rolling forward, by J.S..

This article provides information on the recovery of the family-owned real estate company Olympia & York Cos. as of November 1999. Like its newly built First Canadian tower, the Reichmann family is back in the business, though in far smaller and more diverse ways. Office buildings, nursing homes, and even indoor theme parks are the things that the Reichmanns Philip and Paul are now relying upon to rebuild their family legacy. Business scion Paul Reichmann lost much of the family fortune in a big bet on the giant Canary Wharf office complex in London, England in 1992.

This article reports that the bankruptcy of entrepreneur Robert Campeau's U.S. retail chains Allied Stores Corp. and Federated Department Stores Inc. is an embarrassment for real estate developer Paul Reichmann and the Reichmann family's Olympia & York Developments Ltd. The Campeau empire is a complex web of holding companies, financial obligations, and tricky tax strategies.

The article focuses on the plans of the Reichmann family of Canada to venture in the oil business. The Reichmanns purchased 60.2 percent of Gulf Canada Ltd. from Chevron Corp., which is a third of their estimated $15.6 billion assets. They took advantage of the new favorable policies in the country, focalizing on the country's petroleum industry. However, the Reichmanns are in for new risks, inlcuding the probability of oil price decreases, as well as troubles in interest rates.

Probes the declining financial empire of Canada's secretive Reichmann family, whose net worth has slipped over the past three years to about $8.4 billion from $11 billion. List the family's vast holdings, including, the Toronto-based Olympia & York; The Reichmanns' attempt at acquiring liquidity; Details of family's struggling investments and cash flow problems; Questions the Reichmann's survival; Paul Reichmann's future plans; The effects of being property rich and cash poor.

Discusses how the real estate collapse that brought down the Reichmanns' Olympia & York Developments Ltd. (O&Y) is taking its toll on Peter and Edward Bronfman, scions of one of Canada's most powerful dynasties. Their empire seems to be crumbling around them. Comparisons to the fall of the Reichmanns; Secretive style; Will become less feared.

Focuses on internal problems faced by Reichmann family's real estate company Olympia & York Development Ltd. Decision of Reichmann family to sell twenty percent stake in their U.S. real estate portfolio; Views of company executives on delay in finding suitable bidders for the stake; Concerns of Reichmann brothers--Paul Reichmann, Albert Reichmann and Ralph Reichmann-- regarding succession process. INSET: Where Olympia & York has headaches..

Summarizes changes made last week by the Reichmann brothers (Albert, Paul and Ralph) and their creditors in the Toronto-based empire. The Reichmann's relinquished sole direction of Olympia & York Developments Ltd., a private holding company, by installing Thomas Johnson; Reshuffling of family assets; Background of the Reichmann problems; Risk at Canary Wharf; Depressed rents. INSET: The outsider takes charge (profiles Thomas Johnson)..

Examines how the Reichmann brothers, led by Paul, 58, run their vast business empire. Jewish values and religious law; Companies owned; Management technique; Real estate developments, including Canary Wharf in London, England, and World FinancialCentre in New York, N.Y. Community and employee relations.

Reports that the Reichmann brothers, who built Canada's O&Y (Olympia & York Development Ltd.) into a global property power, now have a total debt of $18.5 billion and must sacrifice significant equity and pare down their empire. O&Y's beleaguered$6.5 million Canary Wharf development in London still drains cash; Eulogies for O&Y may be premature.

Reports that last week, the Reichmann family, owner of Olympia & York, the monolithic Canadian property conglomerate, finally conceded that its debt burden of $20 billion was too much to handle. Their building of the World Financial Center near Manhattan; The Reichmanns face complications with their Canary Wharf project; The family is expected to emerge from their financial troubles.

The article reports on the plan of Bronfman of Montreal to sell their 50 percent stake in Cadillac Fairview Corp., a Toronto, Ontario-based real state developer. The Reichmanns of Toronto, Ontario, who own 26 percent of Cadillac Fairview are interested to buy. The price of the stocks of Cadillac have ranged from 16 to 24. INSET: HOW CANADA'S REICHMANNS ARE UPGRADING THEIR PORTFOLIO.

Reports that the Reichmann brothers are selling 14 buildings in New York City for $300 million. Their stated equity in the World Financial Center; Attempts to sell the Exchange Tower in Toronto, Ontario; How the brothers managed to get so severely overextended.

This article states that Toronto's Reichmann family is almost sure to lose control of giant Olympia & York Developments (O&Y). Under a plan submitted by the Reichmanns in Canadian court on October 28, 1992, they would cede 90 percent of O&Y's Canadian arm to creditors over three to five years. Under a separate plan, the Reichmanns would offer creditors 49 percent of their U.S. holdings.

The article reports that Toronto's Reichmann family is stepping up its campaign to raise cash and shed diversified assets. On February 15, 1991, the Reichmann-controlled GW Utilities sold its 9% stake in British food and beverage giant Allied-Lyons for $782 million, netting the Reichmanns $423 million. That should help ease some of the pressure on their Olympia & York Cos. commercial real estate empire.

The article focuses on the reliance of the Reichmann family on cash flow in financing real estate and in petroleum industry. The real estate business of the family was a success. Then, they decided to acquire stakes in petroleum company Gulf Canada Resources Ltd. However, the finances of the company declined and the cash flow received by the family reduced. This started the problems of the family in getting the finances for their businesses.

Focuses on four credit analysts who have been lowering their assessment of the world's largest landlords--Toronto's Reichmann family--to the point where investors refused to renew almost $800 million worth of Reichmann paper. President of Dominion Bond Rating Service, Walter Schroeder; Standard & Poor's Corp.'s William Chambers; Canadian Bond Rating Service and Moody's Investors Service; No loyalty in the money market; Well-considered judgments; Warning senior managers.

Presents a photo essay with brief text, graphs and charts on the major portfolio holdings and major real estate holdings of Albert, Paul and Ralph Reichmann. It includes the assets sold by Olympia & York Developments Ltd. over the past two years.

Examines the libel suit launched by Albert, Paul, and Ralph Reichmann, and their mother Renee, against Toronto (Ontario) Life Publishing Co., editor Marq de Villiers, and Toronto journalist Elaine Dewars, claiming Dewars' article on the Reichmann family implied they amassed their wealth from illicit sources during World War II. Details; Canadian libel law; Reaction in the Canadian Jewish community.

Discusses the building of the Canary Wharf project in East London, England. Canada's Reichmann brothers, Paul, 57, Albert, 59 and Ralph, 54, are the developers and sole owners of the Toronto-based Olympic and York Developments Ltd., which took over the project 11 months ago. Other Reichman development projects in London.

Presents figures from a circular distributed to creditors of the faltering international real estate company Olympic & York Developments Ltd., Toronto, including the fact that the Reichmann family still has personal wealth valued at $500 million. Just a year ago their fortune was estimated at more than $12 billion.

Presents a commentary by Peter C. Newman who suggests that as long as the Reichmann brothers kept their business methods private they maintained the mystique that their personal assets were virtually unlimited and no banker need fear for his credit. What prevented the Reichmann companies from collapsing earlier was inflation, as rising real estate values kept the brothers ahead of their commitments. The third mortgage on Toronto's First Canadian Place; Errors in judgment; Canary Wharf.

Suggests that the result of the refinancing of the $23 billion Reichmann company debt will be the distribution of quarterly and annual reports--public access to the Reichmann's balance sheets. The legendary Reichmann obsession with secrecy; Possibility that their immediate cash requirements could have been met had they taken the financial community into their confidence; Use of individually incorporated companies to secure each of their buildings; Diversification.

Surveys Canary Wharf, a $7 billion jewel rising from the derelict former docklands of east London, being developed by Olympia & York Developments Ltd. The Reichmann's have spent an estimated $3.9 billion to construct the first 4.7 million squarefeet; $850 million is needed to complete the project; Major tenants in residence at Canary Wharf; Vacant office space and falling city rents; Other newly-opened projects in London; Commuting difficulties.

Reveals a London court has ruled that Olympia & York Developments Ltd., controlled by Toronto's billionaire Reichmann family, is overdue on $288 million to US investment bank Morgan Stanley & Co. last December. In New York City, private bond-rating agency Moody's Investors Service Inc. downgraded the debt on $657 worth of secured notes issued against a Manhattan office tower owned by O&Y.

Discusses the recent out-of-court settlement reached between `Toronto Life' magazine and the billionaire Reichmann brothers following a lengthy legal battle over Toronto journalist Elaine Dewar's investigative article on the Reichmann family. Paul, Albert, and Ralph Reichmann; Cost to the magazine; Wider implications.

Discusses the Reichmann family's financial and real estate empire. Billionaire status; Olympia and York Developments Ltd.; Investment portfolio; Financing techniques; New expansion; Cash flow.