advanced search Harry Macklowe
Macklowe Properties
767 Fifth Avenue
New York, NY 10153
(212) 265-5900
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Harry Macklowe is a veteran New York City real estate developer. He is the chairman of Macklowe Properties, a firm he founded in 1960.
His most recent projects include One Wall Street, 200 East 59th Street and the 432 Park Avenue luxury condo.
Macklowe is recognized as one of NYC's real estate biggest risk takers. 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.
In 2017, Macklowe's wife of 58 years, Linda Macklowe, filed for divorce. Macklowe reportedly offered Linda $1 billion to walk away from the marriage.
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.
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Macklowe Properties
767 Fifth Avenue, New York, NY, 212-554-5865
767 Fifth Avenue, New York, NY, 212-554-5865
Richard Dubrow is used to wearing many hats. As director of marketing at...
Macklowe Properties
767 Fifth Avenue, New York, NY, 212-265-5900
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, Vice President, Sales and Marketing
767 Fifth Avenue, New York, NY, 212-554-5816
767 Fifth Avenue, New York, NY, 212-554-5816
Richard Wallgren is executive vice president of sales and marketing at Macklowe Properties,...
Macklowe Properties, General Counsel
767 Fifth Avenue, New York, NY, 212-554-5865
767 Fifth Avenue, New York, NY, 212-554-5865
Robin Cass Kelly has been with Macklowe Properties since 1994, first as a...
Macklowe Properties
767 Fifth Avenue, New York, NY, 212-554-5865
767 Fifth Avenue, New York, NY, 212-554-5865
As executive vice president of construction, Freed will handle much of the new...
Macklowe Properties, Vice President - Capital Markets and Acquisitions
767 Fifth Avenue, New York, NY, (212) 265-5900
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, Marketing
767 Fifth Avenue, New York, NY, 212-265-5900
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
767 Fifth Avenue, New York, NY, 212-265-5900
767 Fifth Avenue, New York, NY, 212-265-5900
John Sjolund has a tall order, working for Macklowe Properties, as senior project...
Macklowe Properties, Real Estate Salesperson
126 East 56th Street, New York, NY, (212) 265-5900
126 East 56th Street, New York, NY, (212) 265-5900
...
Macklowe Properties, Limited Liability Broker
126 East 56th Street, New York, NY, (212) 265-5900
126 East 56th Street, New York, NY, (212) 265-5900
...
Macklowe Properties, Associate Broker
767 Fifth Avenue, 21st Floor, New York, NY, (212) 265-5900
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
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
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
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
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
767 Fifth Avenue, 21st Floor, New York, NY, (212) 265-5900
...
- Event Financing
- Address 200 East 59th Street
- Neighborhood Midtown East
- Borough Manhattan
- Square feet 2,625
- Price $ 65,000,000
- Publication Date 02/01/2017
- Event Date 12/18/2016
- Party 1 Harry Macklowe
- Party 2 United Overseas Bank
notes
The Singaporean bank amended its existing loan for the development lot.
- 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
- Publication Date 08/01/2011
- Event Date 06/22/2011
- Party 2 Harry Macklowe
- Party 2 Brokerage The Carlton Group
- Party 2 Broker Howard Michaels
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
- Price per foot $ 801.43
- Publication Date 10/01/2010
- Event Date 08/22/2010
- Party 1 Harry Macklowe
- Party 2 Boston Properties
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 Sales
- Address 1540 Broadway
- Neighborhood Times Square
- Borough Manhattan
- Square feet 905,533
- Price $ 355,000,000
- Price per foot $ 392.03
- Publication Date 04/01/2009
- Event Date 02/20/2009
- Party 1 CBRE
- Party 1 Brokerage Eastdil Secured
- Party 2 CBRE
notes
A majority condo interest in the 44-story office building sold at an estimated price of about $355 million, or $392 per square foot. The tower is the sixth building to sell from the $7 billion portfolio Harry Macklowe purchased from Equity Office Properties in 2007. Macklowe was forced to surrender the properties after he defaulted on his debt to lender Deutsche Bank, which put the seven buildings up for sale. Worldwide Plaza at 825 Eighth Avenue is the package's only property that remains on the market.
- 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 65 East 55th Street
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 6,500,000
- Price $ 7,000,000,000
- Price per foot $ 1,076.92
- Publication Date 03/01/2007
- Event Date 01/20/2007
- Party 1 Equity Office
- Party 1 Brokerage Eastdil Secured
- Party 1 Broker Roy March
- Party 2 Macklowe Properties
notes
Harry Macklowe paid $7 billion for the 568,060-square-foot Park Avenue Tower at 65 East 55th Street; the 465,173-square-foot 717 Fifth Avenue; the 1.8-million-square-foot 1301 Sixth Avenue; the 1.7-million-square-foot Worldwide Plaza at 825 Eighth Avenue; the 215,322-square-foot 527 Madison Avenue; the 906,287-square-foot 1540 Broadway; the 562,567-square-foot 850 Third Avenue; and the 182,000-square-foot Tower 56 at 126 East 56th Street. Financing was provided by Deutsche Bank and Fortress Investment Group, as arranged by Robert Horowitz of Cooper Horowitz. The deal came just before the Blackstone Group closed on its $39 billion acquisition of Equity Office Properties, saving Blackstone $212 million in transfer taxes.
- Event Sales
- Address 1330 Sixth Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 522,000
- Price $ 498,000,000
- Price per foot $ 954.02
- Publication Date 02/01/2007
- Event Date 12/23/2006
- Party 1 Deka First Real Estate
- Party 1 Brokerage Eastdil Secured
- Party 2 Harry Macklowe
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 2,000,000
- Price $ 3,000,000,000
- Price per foot $ 1,500.00
- Publication Date 02/01/2007
- Event Date 12/23/2006
- Party 1 Jamestown
- Party 1 Brokerage Eastdil Secured
- Party 2 Harry Macklowe
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
- Publication Date 01/01/2006
- Event Date 11/22/2005
- Party 1 Harry Macklowe
- Party 1 Brokerage In-house
- Party 2 Chase
- Party 2 Brokerage Ripco Real Estate
- Party 2 Broker Gary Trock, Andrew Mandell
notes
Bank takes retail space on the Madison Avenue side of the building.
06/01/2018
(Illustration by Nate Kitch)
The Manhattan condo market is starting to feel like the beauty counter in a fancy department store âÂ' with everyone from (Illustration by Nate Kitch)
The Manhattan condo market is starting to feel like the beauty counter in a fancy department store âÂ' with everyone from...
05/01/2018
The contractor has completed construction on most of Billionairesâ Row, including Harry Macklowe and CIM GroupâÂÂs 432 Park Avenue, World Wide Group and Rose Associatesâ 252 East 57th Street, Vornado Realty TrustâÂÂs 220 Central Park South and Hinesâ 53 West 53rd Street...
03/29/2018
6 thanks to a pair of large projects in Crown Heights and Dumbo. The Los Angeles-based private equity firm has partnered with LIVWRK and Kushner Companies âÂ' also both on this list âÂ' for the massive project at 85 Jay Street in Dumbo, and it has partnered with LIVWRK on their large project at 109 Montgomery Street in Crown Heights as well. The firm is based in Los Angeles and is well known for buying 432 Park Avenue from Harry MackloweâÂÂs lenders in 2011 for $305 million...
01/01/2018
JPMorgan Chase followed at No. 4 with $4 billion in non-construction financing across 531 loans. On first sight, the financial giant is proof that traditional banks still matter in New YorkâÂÂs commercial real estate market. In May, the bank financed HNA GroupâÂÂs acquisition of 245 Park Avenue with a $1.75 billion mortgage âÂ' the yearâÂÂs single largest acquisition loan. It also gave Extell Development a $900 million construction loan for its Central Park Tower project and Harry Macklowe an $850 million loan to fund his One Wall Street condo conversion, among other deals...
08/31/2017
Clocking in at No. 2 was Douglas Elliman with $5.92 billion in closed sales during that same time. Its most high-profile assignment wasàCIM GroupàandàHarry MackloweâÂÂs 432 Park Avenue...
08/01/2017
Clocking in at No. 2 was Elliman with $5.92 billion in closed sales during that same time. Its most high-profile assignment was CIM Group and Harry MackloweâÂÂs 432 Park Avenue...
06/01/2017
While all of those agents were carried by their new development business, many of their deals went into contract two or three years ago, before the market began softening. Given the uncertainty today surrounding new developments âÂ'àwhich skew toward the shaky luxury market âÂ'àa number of top agents have since made further efforts to diversify into resales. For example,àSaltiel, one of the agents selling Harry MackloweâÂÂs ultraluxe 432 Park Avenue, racked up $266.4 million in new development sales...
03/01/2017
At 1 Wall, COREâÂÂs Shaun Osher, which is handling sales for the hybrid building, brought Bold in to focus on the rentals. âÂÂWe still had to prove our value. We pitched directly to Harry Macklowe,â Sachs said...
12/20/2016
20, 6:35 p.m.: A decade after developer Harry Macklowe acquired the site for 432 Park Avenue, sales at the supertall condo tower dominated 2016âÂÂs top residential deals...
09/01/2016
But while the industryâÂÂs peanut gallery speculates on winners and losers in todayâÂÂs market, The Real Deal went back over 50 years âÂ' to when condos first began selling âÂ'to see how todayâÂÂs top developers (from Extell Development to the Related Companies to Harry Macklowe) fit into the historical landscape...
11/04/2015
Residential developers focused their activity on smaller projects outside of Manhattan this October, with permit activity heavily concentrated inÃÂ Brooklyn.
The three tallest residential plans filed with
Residential developers focused their activity on smaller projects outside of Manhattan this October, with permit activity heavily concentrated inÃÂ Brooklyn.
The three tallest residential plans filed with...
09/01/2015
Big names. Big projects. Big price tags.
Despite being New York CityâÂÂs smallest borough, Manhattan development has clearly grown to outsized proportions during the current construction
Big names. Big projects. Big price tags.
Despite being New York CityâÂÂs smallest borough, Manhattan development has clearly grown to outsized proportions during the current construction...
06/01/2015
The fund ponied up $400 million for Harry MackloweâÂÂs 432 Park Avenue and $600 million for Silverstein Propertiesâ Robert A.M...
01/02/2015
The soaring price of land, however, is not necessarily a deterrent for some developers. SL Green and Jeff Sutton; Extell Development; and Harry Macklowe broke the $1,000-per-square-foot mark for a development site for the first time in 2014...
09/01/2014
From left: the $118.5M penthouse listing at the Ritz Carlton, Israel Englander and his co-op at 740 Park Avenue
This year may not be over From left: the $118.5M penthouse listing at the Ritz Carlton, Israel Englander and his co-op at 740 Park Avenue
This year may not be over...
12/01/2011
The firm's biggest New York play is the Drake Hotel, which once belonged to Harry Macklowe, one of the poster children for the overleveraged excess of the boom...
10/03/2011
March, who leads the firm nationally, has brokered some of the firm's largest deals around the country and is active here as well. He and former Eastdil broker Wayne Maggin sold the General Motors Building to developer Harry Macklowe for a then-record $1.4 billion in 2003...
04/01/2008
The top publicly recorded sale over the approximately 14-and-a-half-month period was the $51.5 million condo at the Plaza Hotel to developer Harry Macklowe...
12/05/2007
We look at the prospect for office building foreclosures (Technical defaults rise, but foreclosures don't hit) as well as the battle between titans Sheldon Solow and Harry Macklowe and how it may indicate the latest trend toward opportunistic maneuvers to gain control of buildings from owners who run into trouble (Solow and Macklowe square off)...
11/02/2007
But Harry Macklowe's tenants at the General Motors Building are expected to pay more than two and a half times that...
10/19/2007
The Kushner family, for instance, agreed to buy 666 Fifth Avenue from Tishman Speyer Properties for a record $1.8 billion. Up the road, developer Harry Macklowe bought out his former partners at the General Motors Building...