Macklowe Properties

Macklowe Properties is a privately-owned real estate development and investment firm based in New York City. Founded in the mid-1960s by Harry Macklowe, the company has been an active and profitable developer, owner, and manager of a diverse array of real estate investments. The firm has successfully achieved full vertical integration, combining design, planning, construction, management, accounting, leasing, financing, and executive-level ownership and operation to provide absolute responsibility and control over its assets. In aggregate, these developments have totaled over 13 million square feet and have taken place in nearly every commercial and residential submarket of Manhattan.

The company's investment strategy focuses on identifying and capitalizing on opportunities in all New York City submarkets ahead of other real estate investors. Their vertically integrated team includes leasing, asset management, construction, development, and financing capabilities, leveraging in-depth knowledge of New York City's complex regulatory and zoning processes. Macklowe Properties specializes in redeveloping and repositioning underperforming or mismanaged assets through capital improvements, architectural enhancements, re-tenanting, and proactive management. The firm also emphasizes creating and maintaining strong, long-term relationships with tenants and brokers, which has enabled them to maintain high occupancy and retention rates, even in static or waning periods of a real estate cycle.

Over the years, Macklowe Properties has developed a diverse portfolio of notable properties, including the General Motors Building, 432 Park Avenue, and 1 Wall Street. Their commitment to innovative design and quality construction has left an indelible architectural legacy in New York City. The firm's approach has consistently generated attractive risk-adjusted returns through creative repositioning, ground-up development, and asset management, solidifying its reputation as a prominent player in the real estate community.