Harry B. Macklowe

Attachments

2007 During the peak of the real estate market, Macklowe purchased seven Manhattan skyscrapers for $6.8 billion from the Blackstone Group.
2007 Macklowe used $50 million of his own money and financed the rest with $7 billion in short-term loans (due in February 2008) from Deutsche Bank and the publicly traded hedge fund the Fortress Investment Group.
2008 Among the buildings forfeited were the General Motors Building (which collateralized the loan) and the Credit Lyonnais Building.
2008 Macklow failed to refinance a $5.8 billion loan from Deutsche Bank and lost all seven buildings.
Macklowe has been married to Linda Burg for 59 years. He is seeking a divorce in order to marry his girlfriend, Patricia Landeau, and has offered his wife a settlement of half his fortune, $1 billion. Burg has not yet accepted the offer.
Macklowe Properties
Metropolitan Tower (Manhattan)