Macklowe Properties | The Real Deal New York

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Macklowe Properties

767 Fifth Avenue
New York, NY
(212) 265-5900
Website
mpinfo@macklowe.com

Macklowe Properties is a leading landlord and developer of commercial and residential properties in New York City, which lost a significant portion of his office building portfolio during the 2008-2009 recession. Harry Macklowe is the founder and chairman.

Its myriad past properties have include the 2 million-square-foot General Motors office tower in Midtown that includes the 20,000-square-foot flagship Apple store; the 88-unit ThreeTen East 53rd Street condo; the 350,000-square-foot 510 Madison Avenue office building; and 340 Madison Avenue, an office building of 750,000 square feet.

Macklowes projects as of spring 2014 include the 125-unit condo 432 Park Avenue, at 1,398 feet, one of the tallest residential buildings in the world; the 20-story 737 Park Avenue condo; and the 12-story 150 East 72nd Street condo.

Macklowe Properties dates from the mid-1960s, when Macklowe, a commercial broker, started the firm. The firm faced profound financial troubles at the end of the last decade, when Macklowe struggled to pay off loans associated with a $7 billion office-portfolio purchase in 2007.

Macklowe's son, Billy Macklowe, was chairman and CEO of the firm when he left in 2010 to found the William Macklowe Company.


07/17/17
...Credit: Getty Images, DBOX and Studio AMD for Macklowe Properties) Six months after launching sales at 200 East 59th Street, developer Harry Macklowe is tapping...

07/17/17
...priced at $10 million. The top contract was at Macklowe Properties’ and CIM Group’s 432 Park Avenue, asking $44.8 million. Unit 81B has four bedrooms and...

07/07/17
...in talks to sign a $850 million loan to Macklowe Properties, which plans to convert One Wall Street into residences. Harvard University to shed almost...

07/05/17
...story of a luxury condo building rising at Macklowe Properties...

07/03/17
...Tower. It also agreed to loan $850 million to Macklowe Properties for the residential conversion of One Wall Street. The loans are a sign of...

06/28/17
...the building. And at 432 Park Avenue, even though Macklowe Properties and CIM Group have had to offer discounts on some pads, total closed sales...

06/23/17
...talks to provide an $850 million construction loan for Macklowe Properties...

06/21/17
...shaved off the ask. The apartment at the Macklowe Properties and CIM Group-developed ultra-luxury building has heated floors, a steam shower and views of...

06/20/17
...Qatari royal family scooped up an apartment at Macklowe Properties...

06/12/17
...Street and Harry Macklowe (Credit: Getty Images and Macklowe Properties) JPMorgan Chase is in late-stage negotiations to provide an $850 million construction loan for Macklowe...

05/16/17
...who’s part of the marketing team for Macklowe Properties and CIM Group’s luxury tower. “We are negotiating.” Speaking Monday at The Real...

05/09/17
...million construction loan for Central Park Tower and Macklowe Properties is searching for an $850 million construction loan for One Wall Street, down from $1 billion...

05/02/17
...clear on Tuesday, but in a joint statement, Macklowe Properties and Gilbane said that after completing key parts of the project, the construction firm...

04/18/17
...a combined 90,000 square feet of retail space at Macklowe Properties’ office-to-residential condominium conversion One Wall Street, sources told The Real Deal. The French cosmetics...

04/07/17
...To see a selection of properties developed by Macklowe Properties, click here...

04/03/17
...al Thani (Credit: Getty Images, Thor Equities and Macklowe Properties) UPDATED, 2:25 a.m., April 4: Joe Sitt is a Brooklyn guy who’s very much...

03/28/17
...Bin Jaber al Thani (Credit: Getty Images and Macklowe Properties) Sheikh Hamad Bin Jassim Bin Jaber al-Thani, one of the world’s richest men...

03/27/17
...One Wall Street and Harry Macklowe (Credit: Macklowe Properties and Getty Images) Harry Macklowe is shifting from rentals to condominiums at One Wall...

03/27/17
...The top contract was on an apartment at Macklowe Properties and CIM Group’s 432 Park Avenue, asking $44.2 million. Apartment 80B spans 5,421 square feet and...

03/24/17
...year and accusing him of handicapping his firm, Macklowe Properties...

03/21/17
...Joshua Judge to market its 33-unit condo conversion. Macklowe Properties’ 737 Park Avenue, and Property Markets Group and JDS Development Group's Stella Tower are also...

03/16/17
...figure was inflated by closings at developments like Macklowe Properties and CIM Group’s 432 Park Avenue and Extell Development's One57. Last year -- for...

02/24/17
...picked up eight yet-to-be approved exclusives in 2016, including Macklowe Properties’ One Wall Street, which is hunting for a $1 billion construction loan. Town’s CEO...

02/09/17
...Post. Worth an estimated $2.4 billion, he is suing Macklowe Properties and CIM Group to recoup an $11.56 million deposit on the property, which he did...

02/02/17
...the pricey project’s developers, CIM Group and Macklowe Properties, to get their $11.56 million deposit back, claiming that a massive water leak destroyed the...
Macklowe Properties, Real Estate Salesperson
767 Fifth Avenue, 21st Floor, New York, NY, (212) 265-5900
...
Macklowe Properties, Real Estate Salesperson
767 Fifth Avenue, 21st Floor, New York, NY, (212) 265-5900
...
Macklowe Properties, Limited Liability 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
...
Halstead Property, Associate Broker
408 Columbus Avenue, New York, NY, (212) 381-2344
...
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 and Acquisitions
767 Fifth Avenue, New York, NY, (212) 265-5900
Paul Anthony DiCarlo is vice president for capital markets & acquisitions at Macklowe...
Douglas Elliman, Real Estate Salesperson
712 Fifth Avenue, New York, NY, (212) 409-2800
...
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...
Macklowe Properties, Founder|Chairman
767 Fifth Avenue, New York, NY, (212) 265-5900
Harry Macklowe is a veteran New York City real estate developer. He is...
  • Event Retail Leasing
  • Address 432 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 4,900
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 Macklowe Properties
  • Party 2 Richard Mille
  • Party 2 Brokerage Thor Retail Advisors 
  • Party 2 Broker Dan Harroch
notes
The luxury Swiss watchmaker signed a lease.
  • Event Financing
  • Address 989 Third Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 8,952
  • Price $ 116,000,000
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 Macklowe Properties
  • Party 2 United Overseas Bank
notes
The company secured a $116 construction loan for the multifamily condominium project.
  • Event Retail Leasing
  • Address 1 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 44,000
  • Publication Date 09/01/2016
  • Event Date 07/15/2016
  • Party 1 Macklowe Properties
  • Party 2 Whole Foods
notes
The popular grocery store chain signed a lease.
  • Event Sales
  • Address 432 Park Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 74,816
  • Price $ 411,100,000
  • Price per foot $ 5,494.00
notes
The retail condominiums sold for $411 million.
  • Event Financing
  • Address 737 Park Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Price $ 52,800,000
  • Publication Date 06/01/2016
  • Event Date 05/18/2016
  • Party 1 Macklowe Properties
  • Party 2 First Republic Bank
notes
The company refinanced a $52.8 million loan.
  • Event Residential Sales
  • Building Name 737 Park Avenue
  • Address Unit 14E, 737 Park Avenue
  • Unit 14E
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 4,392
  • Price $ 12,957,147
  • Price per foot $ 2,950.17
  • Event Sales
  • Address 110 University Place
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Square feet 122,000
notes
The real estate company Acadia signed a net lease no price given.
  • Event Residential Sales
  • Building Name 737 Park Avenue
  • Address Unit 18A, 737 Park Avenue
  • Unit 18A
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,384
  • Price $ 9,355,795
  • Price per foot $ 3,924.41
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 6A
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,164
  • Price $ 9,391,263
  • Price per foot $ 2,968.16
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 7A
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,255
  • Price $ 7,157,694
  • Price per foot $ 3,174.14
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit PH
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 6,003
  • Price $ 32,658,763
  • Price per foot $ 5,440.41
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 14A
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,374
  • Price $ 7,413,532
  • Price per foot $ 3,122.80
  • Publication Date 05/12/2015
  • Event Date 04/16/2015
  • Party 1 Macklowe Properties, CIM Group
  • Party 2 GARY L. GROSS CO-TRUSTEE, HARLEY I. GROSS CO-TRUSTEE, GARY L. GROSS TRUST U/A DATED NOVEMBER 7,1986
  • Event Residential Sales
  • Building Name 737 Park Avenue
  • Address Unit 14A, 737 Park Avenue
  • Unit 14A
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,374
  • Price $ 7,413,532
  • Price per foot $ 3,122.80
  • Publication Date 05/12/2015
  • Event Date 04/16/2015
  • Party 1 Macklowe Properties
  • Party 1 Entity 737 Park Avenue Acquisition LLC
  • Party 2 Gary L. Gross Co-Trustee; Gary L. Gross Trust U/A Dated November 7,1986; Harley I. Gross Co-Trustee
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 11E
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 4,719
  • Price $ 12,918,590
  • Price per foot $ 2,737.57
  • Event Residential Sales
  • Building Name 737 Park Avenue
  • Address Unit 11E, 737 Park Avenue
  • Unit 11E
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 4,719
  • Price $ 12,918,590
  • Price per foot $ 2,737.57
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 3E
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,132
  • Price $ 8,655,125
  • Price per foot $ 2,763.45
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 8C
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,915
  • Price $ 10,177,409
  • Price per foot $ 3,491.39
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 4A
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,156
  • Price $ 5,091,250
  • Price per foot $ 1,613.20
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 6C
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 4,449
  • Price $ 14,510,063
  • Price per foot $ 3,261.42
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 4C
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,915
  • Price $ 8,693,835
  • Price per foot $ 2,982.45
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 8A
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,164
  • Price $ 9,766,304
  • Price per foot $ 3,086.70
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 9C
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 2,915
  • Price $ 10,386,150
  • Price per foot $ 3,563.00
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 15E
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 4,382
  • Price $ 13,695,463
  • Price per foot $ 3,125.39
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 10F
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 1,669
  • Price $ 5,214,800
  • Price per foot $ 3,124.51
  • Event Residential Sales
  • Address 737 Park Avenue
  • Unit 5E
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,149
  • Price $ 9,201,427
  • Price per foot $ 2,922.02
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12/20/16
...fact that three years after sales launched, developers Macklowe Properties and CIM Group finally obtained a certificate of occupancy in late November 2015, allowing buyers...

...ranking are Zeckendorf (with $6 billion); Related (with $4.84 billion), Macklowe Properties (with $4.76 billion) and Trump (with $4.4 billion). While Macklowe has few units, he was buoyed...

...s Stella Tower at 425 West 50th Street and Macklowe Properties’ 737 Park Avenue. BLU — which was founded in 2011 by Alon Chadad, a former broker at...

11/04/15
...in October, each rising over 200 feet, were a Macklowe Properties conversion, condos from the Lightstone Group and an Ismael Leyva-designed tower from Elk Investors...

...at 158 Mercer Street and a $32.7 million penthouse at Macklowe Properties’ 737 Park Avenue. Median prices, though, are a more reliable gauge. And so far, they...

...with 2.69 million square feet and 1,094 total units, and Macklowe Properties at No. 5 with 1.9 million square feet and 779 units. The Moinian Group’s 61-story rental...

07/15/15
...resales across just 14 units. Taking fifth place was Macklowe Properties and CIM Group’s 737 Park Avenue, an Upper East Side prewar conversion that after...

...out.” 432 Park Avenue (Photo: DBOX for CIM Group/Macklowe Properties) Sources say this influx of foreign capital has also created more competition among lenders...

...s aggressive push into new development sales. In 2014, Macklowe Properties tapped the firm to market and sell one of the highest-profile buildings in the...

...Lane, the Alexico Group and Hines’ 56 Leonard and Macklowe Properties’ 432 Park Avenue. “Four-three-two is its own animal,” said Richard Dubrow, Macklowe’s head of...

...Vornado Realty Trust’s 220 Central Park South and Macklowe Properties’ 432 Park, none of which have started to close yet.  After putting 10 apartments into contract...

...drawn by the super-luxury towers rising there, including Macklowe Properties and CIM Group’s 432 Park Avenue. At the same time, Crown stepped back from...

...place, on the backs of developments such as Macklowe Properties’ 432 Park Avenue, the personal-pool equipped Soori High Line at 522 West 29th Street, and Stella...

...is being developed jointly by CIM Group and Macklowe Properties; and One57, which being built by Gary Barnett’s Extell Development. The average price...

...sale of Equity Office Properties' Midtown portfolio to Macklowe Properties in 2007. Without that deal, Eastdil would have slid to third place. The brokerage declined...

...said they still avoided buildings such as developer Macklowe Properties...

...then-stratospheric $800-per-square-foot mark in a $1.4 billion deal by Macklowe Properties. The sentiment at the time was that such gonzo growth levels were unsustainable, especially...

...estate buyers of the past year in Manhattan. Macklowe Properties was the most prolific buyer of the year, followed by Tishman Speyer, each fueled...
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