Complex sentence: Developer Yitzchak Tessler first attempted to convert the property into luxury condos, paying $235 million to Chetrit Group in October 2007, but he lost the building after he failed to repay his $136.8 million loan to Lehman Brothers one year later.
Split into simpler sentences: Developer Yitzchak Tessler first attempted to convert the property into luxury condos, paying $235 million to Chetrit Group in October 2007. But, he lost the building after he failed to repay his $136.8 million loan to Lehman Brothers one year later.