Malkin Holdings
Malkin, who took over his grandfather Lawrence Wien’s firm when it opened its doors in New York City in 1961, manages investments totaling more than 11 million square feet of office space; 1.9 million square feet of retail; and 1.4 million square feet of warehouse/distribution, plus 2,700 apartment units in Manhattan. Malkin also sits on the Metropolitan Museum of Art Real Estate Council as well as being appointed Governor for Real Estate Board of New York Board.
Early Life and Education
Malkin graduated Harvard College with honors and Phi Beta Kappa honors before going on to Harvard Law School to obtain both his B.A. degree (with Phi Beta Kappa honors) and law degree magna cum laude respectively, before going on to Harvard Law School where he obtained both degrees with distinctions. Malkin is the grandson of real estate syndicator Lawrence Wien who assembled an empire state Building portfolio; now Malkin serves as chairman, president and CEO of Empire State Realty Trust which owns 8 million square feet including its namesake tower.
Malkin also owns and manages several mezzanine finance pools and industrial properties within his company, while serving as general partner or manager of investment entities with 11,400,000 square feet of office, showroom and retail space as well as 2,700 apartment units under management. Furthermore, he founded Grand Central Partnership and 34th Street Partnership and sits on the Board for Fashion Center Business Improvement District.
Professional Career
Malkin Holdings oversees an investment entity which owns approximately 11,400,000 square feet of office, showroom and retail space in New York City; mezzanine finance pools; industrial properties and apartment buildings. They also oversee Empire State Building management as a pioneer in energy efficient retrofits for existing office buildings. Both Shelly and Tony Malkin are dedicated environmental stewards through both work and community activism, such as founding Merritt Parkway Conservancy, Greenwich Tree Conservancy and Greenwich Green & Clean non-profit organizations in Connecticut.
Malkin Holdings was successful in restructuring its portfolio of assets – which included Empire State Building – into a real estate investment trust (REIT), raising $1.9 billion via an initial public offering (IPO). Malkin and Tony both sit on the board of Empire State Realty Trust.
Achievement and Honors
Anthony Malkin has made significant contributions to the real estate industry, from overseeing renovation of Empire State Building to pioneering sustainable practices and receiving many awards and honors for his efforts. Furthermore, he is actively involved with charitable organizations.
Malkin Holdings and its affiliates, such as W&H Properties, are under his oversight as chairman. He is also an Urban Land Institute member and board member for its Sustainability Policy Advisory Committee; in addition, he sits on the National Resources Defense Council Center for Market Innovation as well as serving on MissionPoint Capital Partners advisory board and Greenwood Resources’ Advisory Council.
Peter and Tony Malkin plan to convert their firm into a Real Estate Investment Trust. They believe the REIT will offer investors greater diversification while simultaneously providing full market liquidity in Manhattan where property valuations have reached record heights.
Personal Life
Malkin, grandson of Lawrence Wien who founded the Empire State Building company, holds many civic and charity commitments, such as serving on the Committee Encouraging Corporate Philanthropy’s Advisory Board as Honorary Co-Chair; serving on Harvard Kennedy School Dean’s Council; and being director for Realty Foundation of New York.
Malkin earned both his Bachelors and Law degrees from Harvard. At Harvard College he graduated with honors, and later went on to Harvard Law School where he obtained magna cum laude awards in both subjects. Since 1985 he has served his family business, Malkin Holdings (including W&H Properties ) as president.
He oversees investment entities that own 11 million square feet of trophy office space and mezzanine finance pools located throughout greater New York City – such as Empire State Building. Furthermore, these firms specialize in existing building energy efficient retrofits.
Net Worth
Anthony Malkin is a real estate mogul who owns stakes in the Empire State Building and London-based Value Retail, a syndicator of high-end European retail outlets.
He has overseen the Empire State Building’s transformation from an antiquated Class B property into one that can compete for large tenants with New York’s most modern Class A properties, drawing in companies such as Starbucks, Chipotle Mexican Restaurant Chain, AT&T among many others.
Malkin Holdings owns over 11 million square feet of trophy office property in Greater New York, 1.9 million square feet of retail, and 1.4 million square feet of warehouse/distribution and 2,700 multi-family units located across 15 states. Malkin Holdings is also an industry leader when it comes to existing building energy efficiency retrofits, and are members of Urban Land Institute and Real Estate Roundtable.