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Macklowe Properties
767 Fifth Avenue
New York, NY 10153
(212) 265-5900
Website
Contact
[+]
hmacklowe@macklowe.com
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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09/24/18
...from 206 contracts during the same time last year.
Harry Macklowe and CIM Group’s 432 Park Avenue claimed the week’s No. 1 spot for the...
09/21/18
...banks wouldn't touch. In 2006, for example, an underwater Harry Macklowe desperately needed funds to pay off his creditors Vornado Realty Trust and George Soros...
09/20/18
...the Park Lane Hotel in 2013, along with investors Harry Macklowe and Howard Lorber.
But in April, China’s Greenland Group bought out AWI’s...
08/31/18
...refinance the 33-story office tower it bought from Harry Macklowe’s Macklowe Properties for $158 million in 2008.
The 187,000-square-foot property between Park and Lexington avenues...
08/10/18
...known for doing deals for the likes of Harry Macklowe and Jonathan Gray.
Though March did not respond to a request for comment for...
08/09/18
...and hold board seats at esteemed art institutions.
Harry Macklowe
Developer Harry Macklowe’s wife, Linda Macklowe, is considered the brains behind one of...
07/31/18
...From left: Yan Jiehe, Paul Manafort, Yulia Tymoshenko, Harry Macklowe, Fred Trump and Brad Zackson (Photo illustration by Lexi Pilgrim for The Real Deal...
07/25/18
...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...
07/19/18
...Broadway investor did.
Roughly a dozen investors in Harry Macklowe...
07/06/18
...From left to right: Harry Macklowe, former Qatari emir Hamad Bin Khalifa al-Thani, and One Wall Street (Credit: Getty Images...
...Litowitz said that roughly a dozen investors in Harry Macklowe’s One Wall Street have approached him. Macklowe Properties, which didn’t work with...
06/29/18
...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...
06/28/18
...overload," from our June issue
Still, One57 and Harry Macklowe’s 432 Park have roughy 30 percent of their inventory to sell.
Nonetheless, Extell’s Gary...
06/27/18
...Office-to-residential conversions occur infrequently in the city, though Harry Macklowe is currently attempting it at 1 Wall Street, and Metro Loft Management is nearly done...
06/25/18
...Park Lane Hotel, Starrett City, Empire State Building, Harry Macklowe, Steve Witkoff, Gary Barnett and 432 Park
When the equity for what would become New...
06/25/18
...issue
But she said it’s unclear if Harry Macklowe’s One Wall Street, the neighborhood’s largest project, can sell units at the...
06/21/18
...Harry Macklowe and a rendering of the proposed office tower on East 51st and 52nd streets...
06/18/18
...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...
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...
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
...
Douglas Elliman, Real Estate Salesperson
712 Fifth Avenue, New York, NY, (212) 409-2800
712 Fifth Avenue, New York, NY, (212) 409-2800
...
Halstead Property, Associate Broker
408 Columbus Avenue, New York, NY, (212) 381-2344
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
- 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.
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...
