Lawrence Wien

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Lawrence A. Wien (1905-1988) is an American lawyer, philanthropist, and real estate investor.

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Biography

Wien was born in a Jewish family in New York City. He has four brothers: Mortimer E Wien, Sidney A. 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 founded a law firm, Wien Malkin & amp; Bettex is 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 each, bought a small apartment in Harlem. In the 1930s, using his legal background, Wien pioneered the concept of real estate syndication that made direct ownership of income property accessible to individual groups of investors for the first time. In 1958, his son-in-law Peter L. Malkin joined the firm as a partner (renamed Wien & Malkin LLP). The syndicates are purchased or controlled through long-term lands renting many of New York City's most famous landmarks including the Empire State Building (which he purchased with partner Harry Helmsley in 1961 from Henry Crown), Equitable Building, Graybar Building, Fisk Building, Garment Center Center Building , Fifth Avenue Building, Lincoln House, and many prominent hotels including Plaza Hotel, Hotel Taft, Hotel St. Moritz, Hotel Lexington, and Clinton Hotel Governor. He also participated in deals 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 & amp; Malkin was renamed Malkin Holdings after the spin-off and IPO of the Empire State Realty Trust (NYSE: Ã, ESRT), a publicly traded real estate investment trust.

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Philanthropy

Wien is a major contributor to art and education. In 1956, he commissioned a statue of Associate Justice Louis Brandeis of the United States Supreme Court sitting on the campus of Brandeis University. In 1958, he donated $ 8.5 million to Brandeis University to bless Wien International Scholarships that pay tuition, space & amp; boards, and travel expenses for 50 foreign students per year. In 1959 he created a national scholarship at Columbia Law School; Wien donated more than $ 20 million during his life to his Columbia alma mater including $ 6 million for the construction of a new stadium at Baker Field, now known as Robert K. Kraft Field at Lawrence A. Wien Stadium. In 1969, he donated $ 1.2 million to the Lincoln Center for the Performing Arts where he served as vice chairman and trustee for 20 years.

From 1960 to 1963, Wien served as president of the Jewish Philanthropic Federation. From 1964 to 1970, he served as the trustee of Columbia University and in 1981, was awarded the Alexander Hamilton Medal, the highest award given to an alumnus. From 1957 to 1984, Wien served as Superintendent at Brandeis University, and became Chairman of the Board of Trustees.

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Personal life

Wien got married twice. In 1929, he married Mae Levy; he died in 1986. They have two daughters: Enid W. Morse and Isabel W. Malkin. In 1987, he married Ruth Kupper. In 1988, Wien died of prostate cancer at his home in Westport, Connecticut. His grandson, Cynthia Allison Malkin, married Richard Blumenthal who was elected as United States Senator from Connecticut in 2011.

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Honors

• Doctor of Law: Columbia University, Brandeis University, Long Island University, Fairfield University, St. University John
• Other honors: Canisius College and The Juilliard School

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Named after Lawrence Wien

• Wien Hall: boarding house at Columbia University
• Wien International Scholarship Program: Scholarships are instituted for international students at Brandeis University; more than 800 students have attended Brandeis on the scholarship since 1958
• The main reading room of the Butler Library at Columbia University
• Lawrence A. Wien Stadium: Stadium located at the northern end of Manhattan and home of the Columbia Lions University football team
• Wien Football Stadium at Columbia University
• Wien True Property Law At Columbia Law School
• The Wien National Scholarship Program at Columbia Law School, awarded annually to students from each of the 11 jurisdictions of the Federal Circuit Court
• Faculty of Wien Building at Brandeis University
• Wien Walk: Walking lane from 60th Street Central Park entrance to Central Park Zoo in Manhattan
• Wien Walk 2 in Lincoln Center
• Columbia Wien Prize in Social Responsibility
• Lawrence A. Wien Center for Dance and Theater, at 890 Broadway

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References

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External links

• Lawrence A. Wien Papers, Columbia University Library

Source of the article : Wikipedia