The Real Deal New York

Linda and Harry Macklowe: officially splitsville

Divorce papers filed and the divvying up of a fortune begins

June 16, 2016 04:40PM

From left to right: Harry Macklowe, Linda Macklowe, 432 Park Ave., 1 Wall Street

From left: Harry and Linda Macklowe, 432 Park Avenue and 1 Wall Street

It’s officially splitsville for developer Harry Macklowe and his wife of 57 years, Linda.

Divorce papers were filed in New York, the New York Post reported.

At stake are billions of dollars worth of real estate assets and art, which will likely be divvied up by the couple. Macklowe left his wife for Patricia Landeau, president of the French Friends of the Israel Museum, the Post previously reported.

Harry and Linda, a Guggenheim Foundation board member, jointly own art that alone is estimated to be worth $1 billion, according to reports.

After sustaining spectacular losses during the financial crisis – including defaulting on a $5.8 billion loan on the GM Building — Macklowe bounced back post-2011 with a slew of projects.

They include 432 Park Avenue, the ultra-luxe supertall skyscraper Macklowe Properties is building with CIM Group. Macklowe is also behind 737 Park Avenue, a 60-unit condo conversion, and 1 Wall Street, a $1.5 billion residential conversion of an office building in the Financial District. [NYP] — E.B. Solomont

 

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