Harry Macklowe | The Real Deal New York

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Harry Macklowe

Founder|Chairman
Macklowe Properties
767 Fifth Avenue
New York, NY 10153
(212) 265-5900
Website
Harry Macklowe
No developer gambled on real estate during the last boom like Harry Macklowe, chairman of Macklowe Properties, and no other developer sustained losses as spectacular. In 2003, Macklowe paid $1.4 billion to buy the GM Building, a record-breaking purchase that was eclipsed a few years later by his $7 billion acquisition of seven Midtown office buildings. The latter investment went south in 2008, when Macklowe defaulted on a $5.8 billion loan associated with the deal, and lenders assumed control of the buildings. Later that year Macklowe was also forced to sell the GM Building and three other towers. In 2010, his son, Billy Macklowe, severed professional ties with him. While Macklowe saw the lion's share of his portfolio disappear, by 2011 he was staging the beginnings of a comeback. His most recent post-turmoil projects include the 432 Park Avenue luxury condo. Born in New Rochelle, N.Y., Macklowe attended the University of Alabama, New York University and the School of Visual Arts before dropping out to enter real estate. He founded his eponymous firm in 1960.  -TA
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Untitled-2
06/30/16
...From left: A rendering of the Park Avenue Cube and Harry Macklowe Harry Macklowe and Qatari investment bank QInvest closed on a...

Michael-Stern-JDSfbox
06/27/16
...the 1950s and 1960s only to die bankrupt. Decades later, Harry Macklowe rose from college dropout to real estate mogul, lost it...

Untitled-8
06/21/16
...From left: Joseph Sitt, Harry Macklowe and 432 Park Avenue Thor Equities' Joseph Sitt has a reputation...

Untitled-2
06/16/16
...Avenue and 1 Wall Street It’s officially splitsville for developer Harry Macklowe and his wife of 57 years, Linda. (more&hellip...

Willaim Gilbane 1 Wall Street giant rat thumb
06/06/16
Work sites run by a Providence, R.I.-based contractor have become flashpoints in the union vs. nonunion construction battle in New York. ...

Michael-Stern-JDSfbox
06/06/16
...the 1950s and 1960s only to die bankrupt. Decades later, Harry Macklowe rose from college dropout to real estate mogul, lost it...

1 Wall
06/03/16
...Proposed rendering of One Wall Street, Harry Macklowe and Shaun Osher Harry Macklowe’s Macklowe Properties tapped CORE...

06/02/16
...favorites: 1. Thor Equities quietly marketing chunk of NYC commercial portfolio 2. Harry Macklowe splits from wife of 57 years: report 3. Chetrit suing Barnett for...

Harry Macklowe
06/01/16
...Park Avenue (inset: Linda Macklowe and Harry Macklowe) Real estate developer Harry Macklowe is leaving his wife Linda...

Park Lane small
05/17/16
Hong-Kong based investment fund Jynwel Capital, whose Malaysian CEO Jho Low is caught in a corruption scandal, is exiting its stake in the Park Lane Hotel,...

ft6a0133f3a4072c970b01539287be84970b-550wi
05/14/16
...Harry Macklowe and Donald Trump Whatever befalls beleaguered landlord and developer Harry...

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05/04/16
Rafael Viñoly, the starchitect who designed 432 Park Avenue, took the stage at the building Tuesday evening as part of Douglas Elliman’s Elliman Talks series — and...

432 park small
05/03/16
...Park Avenue Cube UPDATED: May 3, 12:35 p.m.: Thirteen years ago, Harry Macklowe had the idea to erect a glass cube in front...

WitkoffParkLanefbox
04/28/16
Greenland Group bought a 41 percent stake in the Park Lane Hotel on Central Park South from Kuwaiti investment company Al Waseet International this week, and the...

sony pull plug fb
04/28/16
The prospective residential conversion of the Sony Building at 550 Madison Avenue was once a symbol of the luxury property boom. With a $150 million...

Liz Swig, Kent Swig== The American Friends of the Israel Museum 40th Anniversary Gala== Cipriani 42nd St., New York== November 6, 2005== ©Patrick McMullan== Photo-Jimi Celeste/PMc==
04/15/16
Crack open the champagne! Liz Swig has finally found a buyer for the glitzy 740 Park Avenue apartment she once shared with ex-husband Kent Swig,...

benanti-renderingfbox
03/14/16
...into the same pantheon as Gary Barnett, the Zeckendorfs and Harry Macklowe. Instead, the site for the project, known as 3 Sutton Place...

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03/14/16
“I don’t settle lawsuits – very rare – because once you settle lawsuits, everybody sues you – very simple,” said Republican front-runner Donald Trump during...

WitkoffParkLanefbox
01/28/16
...into luxury condominiums. Instead, the developer and his partners, including Harry Macklowe and Douglas Elliman Chairman Howard Lorber, are considering a renovation...

Tower 56, Location: New York, NY, Architect: N/A. This is the description of this image.
01/21/16
A Manhattan-based father and daughter construction team allegedly cheated subcontractors and a client out of more than $800,000. Anthony Rotondaro, 59, and his daughter Jamie...

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01/20/16
...building's residential conversion (credit: Robert A.M. Sterns Architects) (inset: Harry Macklowe) Harry Macklowe’s $1.5 billion residential conversion at One Wall Street...

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01/13/16
All-cash purchases of luxury apartments by anonymous shell companies, increasingly common in high-end real estate deals, may soon be a thing of the past. Tags:...

850 Third Sturner small
01/13/16
...part of the Equity Office portfolio and briefly owned by Harry Macklowe, hit the market in early 2015. (more&hellip...

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01/12/16
...From left: Harry Macklowe, One Wall Street in the Financial District and the Whole...

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01/09/16
...A bathroom with a view in 432 Park Harry Macklowe is probably sighing with satisfaction now that his pencil-thin super...
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Macklowe Properties, Associate Broker
767 Fifth Avenue, 21st Floor, New York, NY, (212) 265-5900
...
Macklowe Properties, Associate Broker
767 Fifth Avenue, 21st Floor, New York, NY, (212) 265-5900
...
Macklowe Properties, Associate Broker
767 Fifth Avenue, 21st Floor, New York, NY, (212) 265-5900
...
Macklowe Properties, Limited Liability Broker
126 East 56th Street, New York, NY, (212) 265-5900
...
Macklowe Properties, Real Estate Salesperson
126 East 56th Street, New York, NY, (212) 265-5900
...
Macklowe Properties
767 Fifth Avenue, New York, NY, 212-265-5900
John Sjolund has a tall order, working for Macklowe Properties, as senior project...
Macklowe Properties, Vice President, Marketing
767 Fifth Avenue, New York, NY, 212-265-5900
When it comes to some of the most sought-after or recognizable properties in...
Macklowe Properties, Vice President, Capital Markets & Acquisitions
767 Fifth Avenue, New York, NY, 212-265-5900
Paul Anthony DiCarlo is vice president for capital markets & acquisitions at Macklowe...
Macklowe Properties, Vice President, Sales
767 Fifth Avenue, New York, NY, 212-265-5900
Barbara Russo is vice president of sales at Macklowe Properties, where she has...
Macklowe Properties
767 Fifth Avenue, New York, NY, 212-554-5865
As executive vice president of construction, Freed will handle much of the new...
Macklowe Properties, General Counsel
767 Fifth Avenue, New York, NY, 212-554-5865
Robin Cass Kelly has been with Macklowe Properties since 1994, first as a...
Macklowe Properties, Vice President, Sales and Marketing
767 Fifth Avenue, New York, NY, 212-554-5816
Richard Wallgren is executive vice president of sales and marketing at Macklowe Properties,...
Macklowe Properties
767 Fifth Avenue, New York, NY, 212-265-5900
Donato Settanni has worked on many high-profile construction projects. As project manager at...
Macklowe Properties
767 Fifth Avenue, New York, NY, 212-554-5865
Richard Dubrow is used to wearing many hats. As director of marketing at...
  • Event Sales
  • Address 737 Park Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 360,000,000
  • Publication Date 09/01/2011
  • Event Date 07/23/2011
  • Party 1 Katz family
  • Party 1 Brokerage JLL
  • Party 2 Harry Macklowe
  • Party 2 Brokerage The Carlton Group
notes
The rental building sold for $360 million. The price includes capitalization, financing and other related costs. CIM Group is believed to be an investment partner in the deal, the New York Post reported.
  • Event Sales
  • Address 150 East 72nd Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 70,000,000
notes
The rental building sold for $70 million.
  • Event Sales
  • Address 510 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 350,000
  • Price $ 280,500,000
notes
Boston Properties agreed to purchase the building for $280.5 million. As part of the agreement, Macklowe will serve as project consultant and co-chairman of the marketing and leasing advisory committee. CB Richard Ellis will continue to manage leasing at the property.
  • Event Financing
  • Address 510 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 350,000
  • Publication Date 04/01/2008
  • Event Date 02/21/2008
  • Party 1 Harry Macklowe
  • Party 2 Union Labor Life Insurance Company, Deutsche Bank
notes
A $330 million construction loan was provided for the development. The financing paid off a $120 million predevelopment loan on the project, which had been in default since December 2007. Union Labor Life Insurance Company provided $267 million in primary financing, and Deutsche Bank provided a $63 million junior loan. 30-story office building.
  • Event Sales
  • Address 1330 Sixth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 522,000
  • Price $ 498,000,000
  • Price per foot $ 954.00
notes
Macklowe acquired the office tower for $498 million, or $954 per square foot. Reports indicate that as much as 40 percent of the property could hit the market this year for leasing.
  • Event Sales
  • Building Name GM Building
  • Address 767 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 2
notes
Macklowe bought out the interest of his partner Jamestown for an undisclosed price, gaining sole ownership of the building for the first time. The building is now valued at approximately $3 billion.
  • Event Sales
  • Building Name Driveake Swissotel
  • Address 440 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Price $ 440,000,000
  • Publication Date 03/01/2006
  • Event Date 01/20/2006
  • Party 2 Harry Macklowe, Macklowe Organization
notes
The property, which includes air rights for a structure of nearly 70 stories, went into contract for approximately $440 million. It will be torn down to make room for luxury condos.
  • Event Retail Leasing
  • Building Name GM Building
  • Address 767 Fifth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 7,500
notes
Bank takes retail space on the Madison Avenue side of the building.

unnamed (6) thumb
11/04/15
Residential developers focused their activity on smaller projects outside of Manhattan this October, with permit activity heavily concentrated in Brooklyn. The three tallest residential plans filed...
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