An empire of bupkes: Macklowe claimed his real estate is worth just $23M

How liquid is Harry Macklowe? Depends on which bank you ask. The developer and founder of Macklowe Properties submitted differing financial statements to different lenders, according to evidence his estranged wife’s lawyers presented at the couple’s divorce trial Wednesday. “So you’re telling one bank you have $29 million in liabilities, another you have $67 million in liabilities and another you have $100 million in liabilities. Is that correct?” John Teitler, Linda’s lead attorney, asked Harry […]

Source: Real Estate

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