Harry Macklowe | The Real Deal New York

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Harry Macklowe

Founder|Chairman
Macklowe Properties
767 Fifth Avenue
New York, NY 10153
(212) 265-5900
Website

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.


06/15/18
...of the industry’s top players really are. Harry Macklowe Harry Macklowe Founder of Macklowe Properties Developer Harry Macklowe’s billion-dollar divorce led to...

06/14/18
...average. But she said it’s unclear if Harry Macklowe’s One Wall Street, the neighborhood’s largest project, can sell units at the...

06/13/18
...Broadway investor did. Roughly a dozen investors in Harry Macklowe...

...of the industry’s top players really are. Harry Macklowe Harry Macklowe Founder of Macklowe Properties Developer Harry Macklowe’s billion-dollar divorce led to...

...in New York — provided the $1.2 billion loan to Harry Macklowe that led to his sale of the General Motors Building, and owns CWCapital, the...

...average. But she said it’s unclear if Harry Macklowe’s One Wall Street, the neighborhood’s largest project, can sell units at the...

05/23/18
...proves beneficial when trouble arises mid-project. Last year, Harry Macklowe swapped Gilbane for JT Magen Building Company on his office-to-residential conversion of One Wall...

05/23/18
...Harry Macklowe, One Wall Street, and a Target store (Credit: Wikipedia Commons) UPDATED, 2:33 p.m., May...

05/22/18
...completed construction on most of Billionaires’ Row, including Harry Macklowe and CIM Group’s 432 Park Avenue, World Wide Group and Rose Associates’ 252 East 57th...

05/21/18
...completed construction on most of Billionaires’ Row, including Harry Macklowe and CIM Group’s 432 Park Avenue, World Wide Group and Rose Associates’ 252 East 57th...

05/21/18
...Harry Macklowe with 432 Park and Bob Weinstein with 211 Central Park West Manhattan’s luxury market notched...

05/11/18
...completed construction on most of Billionaires’ Row, including Harry Macklowe and CIM Group’s 432 Park Avenue, World Wide Group and Rose Associates’ 252 East 57th...

05/08/18
...million lawsuit. The landlord bought the building from Harry Macklowe in 2009 for $59 million, and in 2015 hired, Goldstein Hill & West to conduct a study...

05/08/18
...Harry Macklowe and Hong Kong Like Gary Barnett before him, Harry Macklowe is targeting Asian buyers...

05/08/18
...s not clear if Vidal and the developers, Harry Macklowe and CIM Group, reached an out-of-court agreement. Neither Vidal’s attorney nor attorneys for...

...s not clear if Vidal and the developers, Harry Macklowe and CIM Group, reached an out-of-court agreement. Neither Vidal’s attorney nor attorneys for...

...completed construction on most of Billionaires’ Row, including Harry Macklowe and CIM Group’s 432 Park Avenue, World Wide Group and Rose Associates’ 252 East 57th...

04/30/18
...reported. Feil bought the 14-story, 80,000-square-foot building from Harry Macklowe in 2009 for $59 million, and in recent years stopped renewing leases with office tenants as...

04/26/18
...as Transwestern Investment Company, bought the building from Harry Macklowe’s Macklowe Properties for $158 million. The tower was a part of the $7 billion Equity...

04/26/18
...firm and Trump sold the GM Building to Harry Macklowe in 2003. In 2012, she dismissed a suit brought by Bank of America against troubled developer...

04/20/18
...investor Leslie Dick against Donald Trump, Sheldon Solow, Harry Macklowe, George Soros, Conseco, Vornado Realty Trust and other plaintiffs, accusing the latter parties of...

04/09/18
...affection developers feel for their glitziest condo towers. Harry Macklowe is said to obsess over every small detail of 432 Park Avenue, the skinny supertall...

03/29/18
...is well known for buying 432 Park Avenue from Harry Macklowe’s lenders in 2011 for $305 million. 7) Rabsky Group | 915,000 sf No. 7 on the list was Rabsky...

03/27/18
...up prices, enriching developers like Gary Barnett and Harry Macklowe. The influx also weakened the connection between condo prices and market fundamentals like rents...

03/20/18
...being involved in the scandal. (None other than Harry Macklowe has offered up his condominium project 1 Wall Street if the beleaguered investors are looking...
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
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
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
Robin Cass Kelly has been with Macklowe Properties since 1994, first as a...
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, 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...
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
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
...
Macklowe Properties, Limited Liability Broker
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
...
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
...
Macklowe Properties, Limited Liability Broker
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, Real Estate Salesperson
767 Fifth Avenue, 21st Floor, New York, NY, (212) 265-5900
...
Douglas Elliman, Real Estate Salesperson
712 Fifth Avenue, New York, NY, (212) 409-2800
...
Halstead Property, Associate Broker
408 Columbus Avenue, New York, NY, (212) 381-2344
...
  • 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
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
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 Financing
  • Address 510 Madison Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 350,000
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
  • 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
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
  • Address 1330 Sixth Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 522,000
  • Price $ 498,000,000
  • Price per foot $ 954.02
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 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
notes
Bank takes retail space on the Madison Avenue side of the building.

12/20/16
...UPDATED: Dec. 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 2016’s...

11/04/15
...space included in qualifying residential filings, boosted by Harry Macklowe’s nearly 1 million-square-foot Conversion Plans For One Wall Street. Manhattan tied Queens for the...
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