Harry Macklowe Bio, Age, Wife, Net Worth, Real Estate, Yatch and Home

Table of Contents

– Harry Macklowe Biography
– Harry Macklowe Age
– Harry Macklowe Family
– Harry Macklowe Net Worth
– Harry Macklowe Real Estate
– Harry Macklowe First Wife
– Harry Macklowe New Wife
– Harry Macklowe East Hampton
– Harry Macklowe Yacht
– Harry Macklowe Jet
– Harry Macklowe Twitter

Harry Macklowe Biography

Harry B. Macklowe born on August 10, 1937, is an American New York City real estate developer and investor. Harry B. Macklowe has been listed as a noteworthy real estate developer by Marquis Who’s Who.

Harry Macklowe Age

Macklowe, Harry B. was born on August 10, 1937, in the US. He was born under the birth sign Leo. The billionaire celebrates his birthday in the month of August 10th every year. He belongs to the American nationality but is of Jewish descent.

Harry Macklowe Family

Macklowe was born to a Jewish family, the son of a garment executive from Westchester County, New York. He graduated from New Rochelle High School in 1955 and attended the University of Alabama, New York University and the School of Visual Arts before dropping out and becoming a real estate broker in 1960.

Harry Macklowe Net Worth

Harry Marlowe’s net worth is estimated to be at $2billion. He ranks at no 239 on Forbes list. He has made his wealth from the real estate business. Macklowe is a College dropout who became a real estate broker in 1959; founded developer Macklowe Properties mid-1960s. Focused on developing office and residential properties in New York City.

Lost Hotel Macklowe to lenders early 1990s; scrapped plans to go public 1998 amid market woes caused by the Japanese financial crisis. Today Macklowe Properties run with son William. Paid the Trump Organization and Conseco $1.4 billion for Manhattan’s General Motors Building in 2003; today building worth $2.9 billion.

Purchased 8 buildings from Equity Office Properties portfolio for $6.8 billion in February. Now owns 12 million square feet of office space in New York, developing 2 new office buildings in Midtown.

Harry Macklowe Real Estate

Macklowe quickly transitioned from broker to builder. Keenly interested in architecture and modern art, he soon became known for developing sleek modernistic buildings like the Metropolitan Tower and for his starkly white minimalist offices. His firm, Macklowe Properties, owns or has owned a number of New York landmarks including 400 Madison Avenue, 540 Madison Avenue, the historic Drake Hotel and Two Grand Central Tower.

In 1985, Macklowe was fined $2 million for ordering the late-night demolition, without a permit, of four buildings, including a welfare hotel, in Times Square. In 2003, he made his mark by purchasing the General Motors Building for a record price of $1.4 billion.

The value of the skyscraper soon doubled, thanks in part to his persuading Apple to build a subterranean Apple retail store beneath the building’s plaza, an idea he personally and successfully pitched to Steve Jobs. Jobs then proposed that the entrance to the sunken store be a 32-foot all-glass cube, which the city approved and was opened to the public in 2006.

In February 2007, during the peak of the real estate market, Macklowe purchased seven Manhattan skyscrapers for $6.8 billion from the Blackstone Group. He used $50 million of his own money and financed the rest with $7 billion in short-term loans from Deutsche Bank and the publicly traded hedge fund the Fortress Investment Group.

In early 2008, he failed to refinance a $5.8 billion loan from Deutsche Bank and lost all seven buildings. Among the buildings forfeited were the General Motors Building (which collateralized the loan) and the Credit Lyonnais Building

Harry Macklowe First Wife

Macklowe was married to Linda Burg for over 50 years. They have two children together Elizabeth Susan and William S.However, the marriage ended in a gruesome $2 billion divorce that attracted media attention. The divorce between Harry, who made his fortune in real estate, and Linda, his wife of nearly 60 years and a trustee of the Guggenheim Museum, is the stuff of tabloid heaven.

has dragged on for several years as they battle over assets including pricey real estate in New York and the Hamptons, yachts, and, of course, a stunning art collection estimated to be worth upwards of $700 million.

Now, Artnet News has learned that veteran art dealer and former Impressionist and Modern art department head at Christie’s, Michael Findlay, is expected to be appointed as receiver of the collection and will be tasked with overseeing the sale of the massive art trove, according to four sources with knowledge of the arrangement.

A court order announcing Findlay’s involvement is due to be made public sometime this week, we understand. Findlay, a director at the prestigious Acquavella Galleries on New York’s Upper East Side, declined to comment. That the couple even has a receiver in charge of liquidating their art collection is unusual. It was a last resort taken by presiding New York judge Laura Drager after the Macklowes were unable to come to an agreement about how to divide up the collection.

Now, Judge Drager has ordered them to sell the art off entirely and, since every step of the tangled case has been so extraordinarily contentious, stipulated that the two sides appoint a mutually agreed-upon “receiver” with expertise in the market to handle the sale.

Harry Macklowe New Wife

Harry remarried Patricia Lazar-Landeau, after a contentious, $2 billion divorce. Macklowe put a massive picture of himself and his new wife on the corner of a building he owns in Manhattan, in what was widely seen as an insult to his former wife.

Harry hung two 42-foot-high photographic prints of him and his new wife, Patricia Landeau, on the facade of a building he owns on Park Avenue. (Linda was due to purchase an apartment in that very building before a judge allowed her to exit the deal as part of the divorce.)

Stepping into this fray is Findlay, a seasoned art expert and author of the 2014 book The Value of Art: Money, Power, Beauty, who is highly respected in the private sale and auction realms alike. His selection came after a protracted back-and-forth battle between the former couple over who would be given the job, according to sources. The Macklowes was originally tasked with submitting the name of an agreed-upon receiver within 45 days of the December 13 ruling last year.

Sources told Artnet News the collection is slated for auction (rather than a private sale) and expected to go to one of the three biggest houses, Sotheby’s, Christie’s, or Phillips. Next spring is likely the earliest date for a potential auction to give specialists time to catalog and estimate the value of individual lots.

The collection is already on the radar of the big three houses and the competition to secure the plum consignment will undoubtedly be intense—particularly after a year that has been relatively light on valuable estates to boost the houses’ bottom lines.

It might also mark the beginning of a new era: Some experts speculated that now that Sotheby’s is a privately owned company and not beholden to shareholders, it might have more flexibility and spending power when it comes to making an offer.

But another source noted that no one wants to be “the first guy to lose money” under the ownership of cost-cutting French-Israeli telecom magnate Patrick Drahi, so early deal-making at Sotheby’s under the new regime has been cautious at best, the source said.

Harry Macklowe East Hampton

The stunning, modernist East Hampton property at 78 Georgica Close co-owned by real estate giant Harry Macklowe and his ex-wife, Linda, just hit the market for $21 million.As first reported by Behind the Hedges, this real estate transaction is another step in divesting ownership of property and assets among the couple, who are in the midst of a contentious divorce.

Built-in 1989, the nearly 9,000-square-foot house was designed by Harry Bates and offers 5 bedrooms and 6.5 baths. Sited on 2.3 acres, the property includes 435 feet of pond frontage, a pool house, and a four-car garage. The main home is built of glass, steel, and limestone, according to the listing.

Harry Macklowe Yacht

Unfurled is a 46 meter (151 ft) sailing yacht. It was built at Vitters Shipyard and delivered in 2016. The yacht is designed by German Frers. While Olivier Stirling is responsible for her interior. Unfurled is equipped with 3Di sails from North Sails. She has a carbon fiber mast built by Southern Spars. The mast has an air draft of 65 meters.

The Unfurled yacht can accommodate 6 guests. She has a crew of 8. She is powered by Volvo Penta engines. She has a (registered) max speed of 11 knots. Unfurled was ‘Sailing Yacht of the Year’ at the 2016 World Superyacht Awards.

Harry Macklowe Jet

The real estate titan is – or at least was – the owner of a Cessna 550 private jet. The jet has registration N550HM.

Harry Macklowe Twitter

Harry Macklowe is a disgusting person without a single redeeming characteristic. https://t.co/pnQdIcoYXE

— John Podhoretz (@jpodhoretz) March 7, 2019
Table of Contents

– Harry Macklowe Biography
– Harry Macklowe Age
– Harry Macklowe Family
– Harry Macklowe Net Worth
– Harry Macklowe Real Estate
– Harry Macklowe First Wife
– Harry Macklowe New Wife
– Harry Macklowe East Hampton
– Harry Macklowe Yacht
– Harry Macklowe Jet
– Harry Macklowe Twitter

Harry Macklowe Biography

Harry B. Macklowe born on August 10, 1937, is an American New York City real estate developer and investor. Harry B. Macklowe has been listed as a noteworthy real estate developer by Marquis Who’s Who.

Harry Macklowe Age

Macklowe, Harry B. was born on August 10, 1937, in the US. He was born under the birth sign Leo. The billionaire celebrates his birthday in the month of August 10th every year. He belongs to the American nationality but is of Jewish descent.

Harry Macklowe Family

Macklowe was born to a Jewish family, the son of a garment executive from Westchester County, New York. He graduated from New Rochelle High School in 1955 and attended the University of Alabama, New York University and the School of Visual Arts before dropping out and becoming a real estate broker in 1960.

Harry Macklowe Net Worth

Harry Marlowe’s net worth is estimated to be at $2billion. He ranks at no 239 on Forbes list. He has made his wealth from the real estate business. Macklowe is a College dropout who became a real estate broker in 1959; founded developer Macklowe Properties mid-1960s. Focused on developing office and residential properties in New York City.

Lost Hotel Macklowe to lenders early 1990s; scrapped plans to go public 1998 amid market woes caused by the Japanese financial crisis. Today Macklowe Properties run with son William. Paid the Trump Organization and Conseco $1.4 billion for Manhattan’s General Motors Building in 2003; today building worth $2.9 billion.

Purchased 8 buildings from Equity Office Properties portfolio for $6.8 billion in February. Now owns 12 million square feet of office space in New York, developing 2 new office buildings in Midtown.

Harry Macklowe Real Estate

Macklowe quickly transitioned from broker to builder. Keenly interested in architecture and modern art, he soon became known for developing sleek modernistic buildings like the Metropolitan Tower and for his starkly white minimalist offices. His firm, Macklowe Properties, owns or has owned a number of New York landmarks including 400 Madison Avenue, 540 Madison Avenue, the historic Drake Hotel and Two Grand Central Tower.

In 1985, Macklowe was fined $2 million for ordering the late-night demolition, without a permit, of four buildings, including a welfare hotel, in Times Square. In 2003, he made his mark by purchasing the General Motors Building for a record price of $1.4 billion.

The value of the skyscraper soon doubled, thanks in part to his persuading Apple to build a subterranean Apple retail store beneath the building’s plaza, an idea he personally and successfully pitched to Steve Jobs. Jobs then proposed that the entrance to the sunken store be a 32-foot all-glass cube, which the city approved and was opened to the public in 2006.

In February 2007, during the peak of the real estate market, Macklowe purchased seven Manhattan skyscrapers for $6.8 billion from the Blackstone Group. He used $50 million of his own money and financed the rest with $7 billion in short-term loans from Deutsche Bank and the publicly traded hedge fund the Fortress Investment Group.

In early 2008, he failed to refinance a $5.8 billion loan from Deutsche Bank and lost all seven buildings. Among the buildings forfeited were the General Motors Building (which collateralized the loan) and the Credit Lyonnais Building

Harry Macklowe First Wife

Macklowe was married to Linda Burg for over 50 years. They have two children together Elizabeth Susan and William S.However, the marriage ended in a gruesome $2 billion divorce that attracted media attention. The divorce between Harry, who made his fortune in real estate, and Linda, his wife of nearly 60 years and a trustee of the Guggenheim Museum, is the stuff of tabloid heaven.

has dragged on for several years as they battle over assets including pricey real estate in New York and the Hamptons, yachts, and, of course, a stunning art collection estimated to be worth upwards of $700 million.

Now, Artnet News has learned that veteran art dealer and former Impressionist and Modern art department head at Christie’s, Michael Findlay, is expected to be appointed as receiver of the collection and will be tasked with overseeing the sale of the massive art trove, according to four sources with knowledge of the arrangement.

A court order announcing Findlay’s involvement is due to be made public sometime this week, we understand. Findlay, a director at the prestigious Acquavella Galleries on New York’s Upper East Side, declined to comment. That the couple even has a receiver in charge of liquidating their art collection is unusual. It was a last resort taken by presiding New York judge Laura Drager after the Macklowes were unable to come to an agreement about how to divide up the collection.

Now, Judge Drager has ordered them to sell the art off entirely and, since every step of the tangled case has been so extraordinarily contentious, stipulated that the two sides appoint a mutually agreed-upon “receiver” with expertise in the market to handle the sale.

Harry Macklowe New Wife

Harry remarried Patricia Lazar-Landeau, after a contentious, $2 billion divorce. Macklowe put a massive picture of himself and his new wife on the corner of a building he owns in Manhattan, in what was widely seen as an insult to his former wife.

Harry hung two 42-foot-high photographic prints of him and his new wife, Patricia Landeau, on the facade of a building he owns on Park Avenue. (Linda was due to purchase an apartment in that very building before a judge allowed her to exit the deal as part of the divorce.)

Stepping into this fray is Findlay, a seasoned art expert and author of the 2014 book The Value of Art: Money, Power, Beauty, who is highly respected in the private sale and auction realms alike. His selection came after a protracted back-and-forth battle between the former couple over who would be given the job, according to sources. The Macklowes was originally tasked with submitting the name of an agreed-upon receiver within 45 days of the December 13 ruling last year.

Sources told Artnet News the collection is slated for auction (rather than a private sale) and expected to go to one of the three biggest houses, Sotheby’s, Christie’s, or Phillips. Next spring is likely the earliest date for a potential auction to give specialists time to catalog and estimate the value of individual lots.

The collection is already on the radar of the big three houses and the competition to secure the plum consignment will undoubtedly be intense—particularly after a year that has been relatively light on valuable estates to boost the houses’ bottom lines.

It might also mark the beginning of a new era: Some experts speculated that now that Sotheby’s is a privately owned company and not beholden to shareholders, it might have more flexibility and spending power when it comes to making an offer.

But another source noted that no one wants to be “the first guy to lose money” under the ownership of cost-cutting French-Israeli telecom magnate Patrick Drahi, so early deal-making at Sotheby’s under the new regime has been cautious at best, the source said.

Harry Macklowe East Hampton

The stunning, modernist East Hampton property at 78 Georgica Close co-owned by real estate giant Harry Macklowe and his ex-wife, Linda, just hit the market for $21 million.As first reported by Behind the Hedges, this real estate transaction is another step in divesting ownership of property and assets among the couple, who are in the midst of a contentious divorce.

Built-in 1989, the nearly 9,000-square-foot house was designed by Harry Bates and offers 5 bedrooms and 6.5 baths. Sited on 2.3 acres, the property includes 435 feet of pond frontage, a pool house, and a four-car garage. The main home is built of glass, steel, and limestone, according to the listing.

Harry Macklowe Yacht

Unfurled is a 46 meter (151 ft) sailing yacht. It was built at Vitters Shipyard and delivered in 2016. The yacht is designed by German Frers. While Olivier Stirling is responsible for her interior. Unfurled is equipped with 3Di sails from North Sails. She has a carbon fiber mast built by Southern Spars. The mast has an air draft of 65 meters.

The Unfurled yacht can accommodate 6 guests. She has a crew of 8. She is powered by Volvo Penta engines. She has a (registered) max speed of 11 knots. Unfurled was ‘Sailing Yacht of the Year’ at the 2016 World Superyacht Awards.

Harry Macklowe Jet

The real estate titan is – or at least was – the owner of a Cessna 550 private jet. The jet has registration N550HM.

Harry Macklowe Twitter

Harry Macklowe is a disgusting person without a single redeeming characteristic. https://t.co/pnQdIcoYXE

— John Podhoretz (@jpodhoretz) March 7, 2019