William Macklowe

William Macklowe Company
126 East 56th Street
New York, NY 10022

William Macklowe, known as Billy, is the founder of the William Macklowe Company, a real estate firm that focuses on lending, real estate investment, and acquisitions and development. Macklowe, the son of Harry Macklowe, founded the firm in 2010 after he decided to split off from his father's empire to strike out on his own after working at Macklowe Properties (Billy took over stewardship following massive hits to a portfolio his father had amassed). As soon as the firm was founded it refinanced two of its portfolio properties, a 22-story office building at 400 Madison Avenue and the landmark office building at 610 Broadway (Macklowe would sell both properties in 2012). In 2011 the firm partnered with Clarion Partners to acquire the six-story office building at 636 Avenue of the Americas for $45 million, its first purchase as a stand-alone firm. In 2013 the firm purchased 156 William Street for $63 million (it would sell its majority stake in 2016 for $55 million). In 2014 William Macklowe Company branched into residential for the first time, redeveloping a former bowling alley in Greenwich Village into a luxury condominium.