Sans prenup, Macklowe divorce is likely to get ugly

Couple expected to fight over art, real estate

New York /
Jul.July 26, 2016 11:22 AM

It looks like the Macklowes are headed toward an ugly fight over billions of dollars worth of real estate and art.

Developer Harry Macklowe TRData LogoTINY and his wife of 57 years, Linda, filed for divorce last month, and now — sans a prenuptial agreement — the two are preparing to “fight over everything,” a source told the New York Post. “Everything” includes $1 billion worth of art, which Linda Macklowe currently controls and which, the Post reports, she intends to keep. Both have hired high-profile divorce attorneys.

The divorce reportedly followed Macklowe’s decision to leave his wife for his girlfriend, Patricia Landeau. One source told the newspaper that problems between the Macklowes dated back to 2008, when the developer defaulted on his loans and lost most of his properties, including the General Motors Building. At the time, his wife refused to sell off her art and other property to curb some of his losses, the source said. Another source told the newspaper that this version of events was not true.

 

Since then Macklowe has bounced back in New York real estate, co-developing 432 Park Avenue and Converting 737 Park Avenue into a 60-unit condominium. Macklowe reportedly “hid” Landeau in an apartment at 737 Park for as long as two years. [Page Six] — Kathryn Brenzel


Related Articles

arrow_forward_ios
From left: Compass CEO Robert Reffkin, 1 Wall Street and Macklowe Properties chairman Harry Macklowe (Getty; Macklowe Properties)
Macklowe taps Compass to sell 1 Wall Street
Macklowe taps Compass to sell 1 Wall Street
Mort Zuckerman and Harry Macklowe with 510 Madison Avenue (Getty, Google Maps)
Harry Macklowe sues Boston Properties for $30M
Harry Macklowe sues Boston Properties for $30M
From left: Donald Trump (pictured in the 1980s), Steve Ross, Charles Kushner, Harry Macklowe with (inset) Hiten Samtani and Charles Bagli (Getty, Sasha Maslov)
Scoundrels of the skyline: Charles Bagli on the most colorful characters in the real estate biz
Scoundrels of the skyline: Charles Bagli on the most colorful characters in the real estate biz
Harry Macklowe and the GM Building at 767 Fifth Avenue (Getty, Michele Ursino via Flickr)
Harry Macklowe is behind on rent for HQ at GM Building: report
Harry Macklowe is behind on rent for HQ at GM Building: report
From left: G.H. Palmer's Geoffrey Palme, RFR Holdings' Aby Rosen, Macklowe Properties' Harry Macklowe, Thor Equities' Joseph Sitt and Ellicott Development's Carl Paladino (Getty, iStock)
Harry Macklowe, Aby Rosen and Joe Sitt among 6,500+ developers, landlords who got PPP bucks
Harry Macklowe, Aby Rosen and Joe Sitt among 6,500+ developers, landlords who got PPP bucks
John Tashjian (center) with Harry Macklowe and 200 East 59th Street (Credit: Emily Assiran Photography)
Life after Macklowe: New sponsor cuts prices at condo tower
Life after Macklowe: New sponsor cuts prices at condo tower
Harry and Linda Macklowe (Credit: Getty Images, iStock)
The Macklowes’ massive art collection nears auction
The Macklowes’ massive art collection nears auction
432 Park Avenue with apartment unit #65A and Luis Felipe (Credit: StreetEasy and Getty Images)
A 432 Park condo has traded hands 4 times — this time at a loss
A 432 Park condo has traded hands 4 times — this time at a loss
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...