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Financiers Tom and Alec Gores failed to buy humbled deal maker Gary Winnick's bankrupt business.

His buildings are another matter. Although the Los Angeles siblings were outbid last summer for the assets of bankrupt Global Crossing, younger brother Tom, who runs buyout shop Platinum Equity, is set to close a deal next month to buy the fallen telecom's opulent Beverly Hills headquarters, which occupies 124,000 square feet on 2.5 acres. A Platinum Equity spokesman declined to comment on the property, which Winnick controls through a partnership separate from Global Crossing. But Howard Sadowsky, who as vice chairman of commercial realtor Julien J. Studley represented another bidder, estimates that the property will go for more than $50 million, or "substantially above market." Built in the 1930s, Platinum's future headquarters is modeled after the White House, complete with a replica of the Oval Office. It features a lush central courtyard anchored by a towering fountain from the Chicago World's Fair of 1893 and stately columns taken from an estate that publishing baron William Randolph Hearst built for his mistress, actress Marion Davies. But Alec Gores may be the one who has more fun with his new possession: Last August the Gores Technology Group chief plunked down nearly $10 million to buy Winnick's Malibu getaway, which sits on a half-acre of beachfront.