Billy Macklowe dishes on new venture

TRD New York /
Sep.September 20, 2010 09:00 AM

Billy Macklowe

William “Billy” Macklowe, the son of real estate titan Harry Macklowe, took a bold step in striking out on his own in the world of New York real estate, but the 42-year-old entrepreneur seemed to tread cautiously in an interview with the New York Times this past weekend, his first since he launched his new venture. Macklowe split from his father’s Macklowe Properties, where he was CEO, earlier this year in the wake of the property empire’s high-profile unraveling and launched William Macklowe Company, which he said would focus on real estate acquisitions, strategic lending and investment. Though he said he’s put in bids on a number of properties, the company has yet to win anything. And while he is nearing a deal on a Manhattan office building, he declined to be more specific, citing the current market as a reason. When asked whether he would have done anything differently, in retrospect, with Macklowe Properties, he said, “I would answer that question by saying that I look forward to moving ahead, and lessons learned will manifest themselves in investment decisions.” As for his father, Macklowe said “he was understanding of what I needed to do” and that “now it’s my turn.” [NYT]


Related Articles

Harry and Linda Macklowe (Credit: Getty Images, iStock)

The Macklowes’ massive art collection nears auction

Billy Macklowe and Key Food at 120 Fifth Avenue in Brooklyn (Credit: Getty Images and Google Maps)

Billy Macklowe looking to break into Brooklyn

Harry Macklowe (Credit: Getty Images)

Macklowe’s brazen Hamptons act recalls Times Square scandal

Harry Macklowe, Linda Macklowe and 432 Park Avenue (Credit: Getty Images)

The latest in Harry Macklowe’s divorce: Linda’s appeal killed in court

A rendering of Tower Fifth with Harry Macklowe (Credit: Getty Images)

Harry Macklowe just got $192M closer to building his Midtown skyscraper

Lloyd and Barbara Macklowe and 900 Fifth Avenue (Credit: Getty Images and Google Maps)

Harry Macklowe’s brother Lloyd has sold his Fifth Avenue co-op for $5M

From left: a rendering of Tower Fifth, Harry Macklowe  and 9 East 51st Street (Credit: Google Maps, Getty Images, and New York Times)

Macklowe is eyeing Venezuelan consulate building for his Tower Fifth supertall

Vornado CEO Steve Roth and Macklowe Properties founder Harry Macklowe (Credit: Getty Images and iStock)

The CEO waiting game