Harry Macklowe
USINFO | 2013-12-23 23:08
Harry Macklowe

Net Worth: $2.0 billion

College dropout 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 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.
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