Peter L. Malkin
| Peter L. Malkin | |
|---|---|
| Born |
Peter Laurence Malkin January 14, 1934 New York City, New York |
| Nationality | United States |
| Education | B.A. Harvard College J.D. Harvard Law School |
| Occupation | real estate investor |
| Spouse(s) | Isabel Wien |
| Children | Cynthia Malkin Blumenthal Scott David Malkin Anthony Edward Malkin |
| Relatives | Lawrence Wien (father-in-law) |
Peter L. Malkin (born January 14, 1934) is an American real estate investor and Chairman Emeritus of Empire State Realty Trust and Malkin Holdings.
Born to a Jewish family, Malkin graduated with a B.A. from Harvard College (summa cum laude, Phi Beta Kappa) in 1955; and in 1958, he graduated with a J.D. from Harvard Law School (magna cum laude). In 1958, he joined the law firm of his father-in-law Lawrence Wien as a partner (renamed Wien & Malkin LLP). His father-in-law had pioneered the concept of real estate syndicates in 1930s making the direct ownership of income property accessible to groups of individual investors for the first time. Malkin helped to expand Wien's already substantial portfolio which included many of New York City's most prominent landmarks including the Empire State Building (which they bought in 1961 partnering with Harry Helmsley from Henry Crown), the Equitable Building, the Graybar Building, the Fisk Building, the Garment Centre Capitol Building, the Fifth Avenue Building, the Lincoln Building as well as many prominent hotels including the Plaza Hotel, the Taft Hotel, Hotel St. Moritz, the Lexington Hotel, and the Hotel Governor Clinton. Malkin also helped to expand the firm's activities to Newark, Palm Beach, Philadelphia, Los Angeles, Minneapolis, and Las Vegas.
In 2013, Peter Malkin and son Anthony raised $930 million from the IPO of 18 buildings in their portfolio including the Empire State Building. Peter Malkin became Chairman Emeritus and Anthony became Chairman, President, and CEO. The new publicly traded entity is named the Empire State Realty Trust (ticker ESRT). Prior to the IPO, the family firm, Wien and Malkin, was renamed Malkin Holdings.
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