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Lawrence Wien
Lawrence A. Wien (1905–1988) was an American lawyer, philanthropist, and real estate investor.〔(New York Times: "Lawrence A. Wien, 83, Is Dead; Lawyer Gave Millions to Charity " by ALFONSO A. NARVAEZ ) December 12, 1988〕
==Biography==
Wien was born to a Jewish family〔(Jewish Telegraph" "Lawrence Wien, Jewish Philanthropist, Gives $1,000,000 to Columbia U." ) November 14, 1966〕 in New York City. He had three siblings: Mortimer E Wien, Leonard Wien, and Ms. Bernard T. Hein.〔 In 1925, Wien graduated with a B.A. from Columbia College and in 1927, he graduated with a J.D. from Columbia Law School.〔 In 1928, he co-founded the law firm, Wien Malkin & Bettex〔 which became a leading national law firm specializing in real estate law. In 1931, he ventured into real estate and, along with three partners who invested $2,000 apiece, bought a small apartment house in Harlem.〔 In the 1930s, using his legal background, Wien pioneered the concept of real estate syndicates making direct ownership of income property accessible to groups of individual investors for the first time.〔(Real Estate Weekly: "Great Real Estate Families" ) August 20, 2005〕 In 1958, his son in law Peter L. Malkin joined the firm as a partner (renamed Wien & Malkin LLP).〔(Forbes: "Value Retail's Scott Malkin and Father, Malkin Holdings' Peter Malkin: Is Entrepreneurship Inherited?" ) May 6, 2011〕 His syndicates purchased or controlled through long term ground leases many of New York City's most prominent landmarks including the Empire State Building (which he bought with partner Harry Helmsley in 1961 from Henry Crown),〔(New York Times Dealbook: "I.P.O. for Empire State Building Wins Backing of Shareholders" by Julie Creswell ) May 29, 2013〕 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.〔 He also participated in transactions in Newark, Palm Beach, Philadelphia, Los Angeles, Minneapolis, and Las Vegas.〔
From 1933 to 1935, he was an official of the City Fusion Party and worked to elect Mayor Fiorello La Guardia.〔
Wien & Malkin was renamed Malkin Holdings after the spinoff and IPO of Empire State Realty Trust (), a publicly traded real estate investment trust.〔(CNN Money: "Empire State Building IPO disappoints" by Hibah Yousuf ) October 2, 2013〕〔(New York Times: "The 30-Minute Interview: Anthony E. Malkin" by VIVIAN MARINO ) September 18, 2009〕
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