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New York

Billy Macklowe talks about leaving his father’s company, his “rookie marriage” and surfing

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From the March issue: Billy Macklowe is the founder and CEO of William Macklowe Company, an investment firm which he started in June 2010 after splitting from his father Harry’s company, Macklowe Properties. (The younger Macklowe joined his father’s firm in 1993. When he left he was chairman and CEO.) Macklowe’s departure came after his father famously lost his prized possession, the GM Building, along with a $7 billion Midtown portfolio — a collapse that became synonymous with the real estate bust. Macklowe’s first deal at William Macklowe Company was the 2011 $45.2 million purchase of 636 Sixth Avenue with the company now known as Clarion Partners. His 18-employee company has a $1.5 billion real estate fund focused on buying New York City properties and debt. [more]