The Real Deal New York

Posts Tagged ‘Harry Macklowe’

  • 20140930_witkoff_park_lane

    From left: Park Lane Hotel and Steve Witkoff

    A small group is looking to secure landmark status for the Park Lane Hotel at 36 Central Park South, and some insiders see the hand of a special interest guiding the effort.

    People with knowledge of the campaign told the New York Times the landmark backers are likely acting on behalf of someone who doesn’t want to see a new 850-foot tower move forward, such as a rival developer or wealthy condo owner in a nearby home. The property – the last jewel in Leona Helmsley’s massive estate crown – sold to a partnership that included developers Harry Macklowe and Steve Witkoff for $660 million. [more]

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  • From left: Harry Macklowe, Bob Knakal and 985-989 Third Avenue

    From left: Harry Macklowe, Bob Knakal and 985-989 Third Avenue

    Macklowe Properties officially closed on a $100 million transaction for three properties on the Upper East Side, according to city records. [more]

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  • From left: Harry Macklowe, Eliot Rabin and Aby Rosen

    From left: Harry Macklowe, Eliot Rabin and Aby Rosen

    Harry Macklowe and his former tenant Eliot Rabin — owner of men’s and women’s clothing brand Peter Elliot — will be seeing each other in court. [more]

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  • 432-park-final

    432 Park Avenue and Harry Macklowe

    Macklowe Properties, along with an unidentified foreign equity partner, is buying the retail space at the super-luxury 432 Park Avenue condominium tower for approximately $450 million from CIM Group, several industry sources told The Real Deal.

    While Macklowe, led by chairman Harry Macklowe, is widely described as the co-developer with CIM Group of 432 Park, his ownership stake has always been unclear. [more]

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  • From left: Bank of New York Mellon's headquarters and Harry Macklowe

    From left: Bank of New York Mellon’s headquarters and Harry Macklowe

    Bank of New York Mellon is selling its headquarters at 1 Wall Street for between $500 million and $600 million to a venture lead by investor Harry Macklowe. [more]

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  • macklowe

    Harry Macklowe and 985-989 Third Avenue

    Developer Harry Macklowe is in contract to purchase a nearly 90,000-buildable-square-foot development site on the southeast corner of East 59th Street and Third Avenue from SL Green and Emmes Asset Management for $100 million.

    If the deal closes, the price would equate to $1,118 per square foot. SL Green began looking to sell the three-building site at 985-89 Third Avenue earlier this month, enlisting Bob Knakal and Clint Olsen of Massey Knakal Realty Services to market it, as The Real Deal reported. [more]

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  • From left: 510 and 627 Madison avenues

    From left: 510 and 667 Madison avenues

    Boutique commercial towers in the tony Plaza District are reportedly attracting a slew of small financial outfits, despite high office rents there. [more]

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  • Harry Macklowe and 737 Park Avenue

    Lawyers for Harry Macklowe are scheduled on March 11 to go up against a Manhattan-based plastic surgeon in what may be the final chapter of a legal dispute involving 737 Park Avenue, the billionaire legal developer’s controversial new condo conversion.

    Macklowe’s lawyers are set to face off in court against Dr. Robert Jetter, who is facing eviction from 737 Park after he took Macklowe to court in 2012 for allegedly damaging his medical offices amid major renovations at the luxury residential tower. [more]

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  • Elliman to add sales firepower to 432 Park

    February 12, 2014 03:10PM
    From left: Susan de Franca, a rendering of 432 Park Avenue (Credit: DBOX for CIM Group & Macklowe Properties) and Harry Macklowe

    From left: Susan de Franca, a rendering of 432 Park Avenue (Credit: DBOX for CIM Group & Macklowe Properties) and Harry Macklowe

    Macklowe Properties and CIM Group have officially brought Douglas Elliman Development Marketing on board to help with sales and marketing efforts at 432 Park Avenue. Elliman has been serving as a consultant on the luxury condominium project right from the outset, but will now be its co-exclusive sales agent, a spokesperson for 432 Park told The Real Deal exclusively. [more]

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  • From left: Corcoran CEO Pamela Liebman, 737 Park Avenue and Harry Macklowe

    From left: Corcoran’s Pamela Liebman, 737 Park Avenue and Harry Macklowe

    The Corcoran Group has been brought online as the sales agent for Harry Mackowe’s condominium coversion building at 737 Park Avenue. [more]

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  • 69365_macklowe_737.jpg

    Harry Macklowe and 737 Park Avenue

    Developer Harry Macklowe is dragging Arlene Katz, a tenant at 737 Park Avenue, into court to force her to allow contractors to upgrade her apartment. Katz is a member of the family that previously owned the luxury condo conversion building.

    The developer, in a suit filed Jan. 14 in Manhattan Supreme Court, claims that Katz, a tenant in a 19th-floor apartment, has refused to let the landlord replace windows and risers, despite a pledge to put her up at a hotel and protect her against a rent hike. [more]

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  • From left: 737 Park Avenue, a penthouse bathroom in 737 Park and 150 East 72nd Street

    From left: 737 Park Avenue, a penthouse bathroom in 737 Park and 150 East 72nd Street

    WEEKENDEDITION The latest luxury living trend is in a place your guests may never see: the master suite bathroom. More than ever, luxury bathrooms, especially the his-and-her variety, are what’s selling high-end homes. [more]

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  • Real estate’s biggest feuds

    December 05, 2013 10:30AM
    From left: Henry, Thomas and Frederick Elghanayan

    From left: Henry, Thomas and Frederick Elghanayan

    From the November issue: Earlier this year, the Feil Organization, one of the oldest family-owned real estate firms in the city, made headlines when a feud blew up between its siblings over the company’s $7 billion portfolio. [more]

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  • Inside Macklowe’s 432 Park Avenue: VIDEO

    November 25, 2013 11:47AM
    A rendering of 432 Park Avenue (Credit: dbox for CIM Group/Macklowe Properties)

    A rendering of 432 Park Avenue (Credit: dbox for CIM Group/Macklowe Properties)

    The New York skyline, Ayn Rand famously stated, is “the will of man made visible.” Harry Macklowe’s 432 Park Avenue – slated to be the tallest in the Western hemisphere, when complete, in 2015 – is excellent supporting evidence for Rand’s claim. See full story and video after the jump.

    4 Comments
  • From left: Harry Macklowe and 737 Park Avenue

    From left: Harry Macklowe and 737 Park Avenue

    The New York State Attorney General’s office has declared the offering plan at Harry Macklowe’s 737 Park Avenue effective. [more]

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  • A 432 Park Avenue brochure at Moscow's Ritz-Carlton hotel (Credit: Ronn Torossian) and Harry Macklowe (inset)

    A 432 Park Avenue brochure at Moscow’s Ritz-Carlton hotel (Credit: Ronn Torossian) and Harry Macklowe (inset)

    Macklowe Properties is stepping up its overseas marketing of its flagship project 432 Park Avenue. [more]

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  • From left: 432 Park Avenue and Harry Macklowe

    From left: 432 Park Avenue and Harry Macklowe

    Developer Harry Macklowe is considering residential tower 432 Park Avenue “the culmination” of his career.

    Once completed, the property will stand 1,398 feet and be the tallest residential tower in the Western Hemisphere. Macklowe considers it his masterpiece. [more]

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  • 527 Madison Avenue

    527 Madison Avenue

    Three financial firms have signed leases at Midtown trophy 527 Madison Avenue, The Real Deal has learned. New York City-based hedge fund Long Pond Capital signed a four-year, 8,200-square-foot lease for the 15th floor of the tower, at 54th street, while fixed-income brokerage and financial advisory firm Wunderlich Securities took the 10th floor’s 8,600 square feet, for five years.

    A second hedge fund, Meru Capital, also signed an approximately 8,000-square-foot lease, renewing their 17th floor space for six years, and bringing the vacancy in the approximately 200,000-square-foot building to 5.9 percent, according to CoStar Group data. [more]

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  • From left: Carol Cohen and 737 Park Avenue

    From left: Carol Cohen and 737 Park Avenue

    Carol Cohen, the former Corcoran Group broker fired when her landlord sued her — unsuccessfully — for allegedly hiding income to hang on to her rent-stabilized home at 737 Park Avenue, has made few sales since joining Brown Harris Stevens. [more]

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  • Rendering looking west at Crosby and Houston street elevations

    Rendering looking west at Crosby and Houston street elevations

    Midtown-based investor Madison Capital is planning to build a 26,700-square-foot, six-story office and retail building on a prominent triangular lot in Soho, and The Real Deal has a first look at the plans. See photos and the full story after the jump.

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