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.


01/12/18
...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...

01/04/18
...s real estate fixer VII. Steve Croman VIII. Harry Macklowe. You can skip to any topic you want in the YouTube playlist.) We started...

...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...

12/31/17
...capital gains taxes do us part Even as Harry Macklowe’s supertall 432 Park Avenue racked up the records, the developer’s personal life reached...

12/28/17
...Qatar bought the 1.8 million-square-foot Midtown office tower from Harry Macklowe in 2008 for $2.9 billion. 245 Park Avenue and HNA Group's Chen Feng (Credit: Richter Frank-Jurgen via...

12/26/17
...the recent $91.1 million purchase of three units at Harry Macklowe’s 432 Park Avenue in New York  — Dennis Lynch...

12/26/17
...ever really leaving. The estranged wife of developer Harry Macklowe — who had until last week to close on a $14.4 million pad at 432 Park Avenue...

12/22/17
...Linda Macklowe, Peter Bronstein, Justice Laura Drager and Harry Macklowe (Credit: Christine Cornell) After a 14-week whirlwind narrative of shattered deals, marital discord and...

12/21/17
...Park Avenue and Harry Macklowe (Credit: DBOX and Emily Assiran) Poor Harry Macklowe. The divorcing developer may have just...

12/21/17
...Toledano, Steve Croman, Linda Macklowe, Kevin Maloney and Harry Macklowe Real estate players are among New York’s most litigious characters and 2017 was no...

12/19/17
...money back. In September, the estranged wife of Harry Macklowe — who is embroiled in a $2 billion divorce — sued Macklowe Properties and CIM Group, arguing...

12/19/17
...Park Avenue and Harry Macklowe (Credit: Emily Assiran) Sources said a Chinese buyer just shelled out $91.1 million for a...

12/19/17
...Macklowe Properties and CIM Group developed the tower. Harry Macklowe recently testified in Divorce Court that his profits from the deal were $350 million less...

12/18/17
...Harry Macklowe with 432 Park and Tom Shapiro with 101 West 78th Street The luxury residential market recorded...

12/11/17
...from left: Harry Macklowe with 432 Park and KUB Capital's Shawn Katz and Roger Bittenbender with 150 Wooster A buying...

12/07/17
...From left: Harry Macklowe, 432 Park, Shaul Kuba (credit: DBOX for CIM/Macklowe Properties and Getty Images) Harry Macklowe...

12/07/17
...conversion of the Woolworth building and $116 million for Harry Macklowe’s 200 East 59th Street. The $450 million loan package for 125 Greenwich Street has yet to...

12/06/17
...Macklowe, CVS, 432 Park Avenue, One Wall Street and Harry Macklowe How liquid is Harry Macklowe? Depends on which bank you ask. The developer and...

12/06/17
...The Australian-based company is behind Extell Development's One57, Harry Macklowe and CIM Group’s 432 Park Avenue, World Wide Group and Rose Associates’ 252 East 57th...

12/05/17
...Park Lane Hotel, Starrett City, Empire State Building, Harry Macklowe, Steve Witkoff, Gary Barnett and 432 Park TRD Special Report:When the equity for what...

11/30/17
...Harry and Linda Macklowe (Credit: Getty Images) When Harry Macklowe set out to develop 432 Park Avenue, he hoped to pocket about $400 million in profits...

11/29/17
...added nearly 20,000 new units to its portfolio, including Harry Macklowe’s 432 Park Avenue condo supertall. Meanwhile, the firm has acquired two other companies in...

11/24/17
...Linda Macklowe, Peter Bronstein, Justice Laura Drager and Harry Macklowe (Illustration by Christine Cornell) From the November issue: Just after 5 p.m. on a...

11/21/17
...Veneta bag, the base of 200 East 59th Street, Harry Macklowe, 610 Broadway and Matisse's Blue Nude II Harry Macklowe received an important lesson in labor...

11/20/17
...as a force in New York, too, backing Harry Macklowe on several projects. Price of the brick is up: In May, I wrote that...
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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