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Michael J. Malone

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Michael J. Malone
BornMichael James Malone
(1944-06-22) June 22, 1944 (age 76)
Seattle, Washington
ResidenceSeattle, Washington
NationalityAmerican
University of Washington
OccupationFounder and Chairman of Hunters Capital Real Estate
Chairman and Part-owner of Erin Air
Years active  1971-present
Founder and CEO of AEI Music Network
Spouse(s)Barbara Anne Corvino Malone (m. 1997-)[1]
Children4
Parent(s)Maryolive Malone
Raymond Malone

Michael James Malone (born 1944) is an American businessman, real estate developer, and civic philanthropist known for founding the AEI Music Network, a music media company and Hunters Capital, a Seattle-focused property development firm. He also owns the Hotel Sorrento, Seattle's oldest historic, continuously-operated hotel.[2]

Career[edit]

Malone started AEI Music in 1971 out of a stairwell in a derelict Capitol Hill building. Under Malone's leadership, the company grew quickly to become a major player in the music distribution industry. In 1994, Malone was profiled as the Ernst & Young Entrepreneur of the Year for his role as CEO at AEI Music. By 1999, the company generated $110 million in annual revenue, sporting a 20% annual growth rate and 450 employees. In 2001, the company merged with DMX Music, a subsidiary of Liberty Digital, with Malone transitioning from both CEO and Chairman to Chairman of the combined group.[3] [4]

In 1980, Malone entered the world of real estate by purchasing Hotel Sorrento, First Hill's first hotel, effectively saving the beleaguered 1909 structure from demolition. In 2015, Malone oversaw the remodeling of the landmark designated building for its third time, once again breathing new life into the boutique hotel.[5]

After divesting from Liberty Digital and leaving the company, Malone pivoted to the real estate industry. In 2001, he founded Hunters Capital, a Seattle-based real estate development, management, and brokerage company. Malone focuses on preserving and rehabilitating historic "character structures" in Pike/Pine, a sub-neighborhood of Capitol Hill. As chairman, Malone has helped Hunters Capital grow to own and manage 600,000 square feet of property.[6]

Malone serves and has served on the boards of numerous companies, including as the Chairman of Erin Air - one of Seattle's oldest private charter jet companies - since 1985; as a Board member of Capitol Hill Housing, a non-profit real estate development company; as an Independent Board Director of Liberty Media since August 27, 2014; as a Board member of HomeStreet Bank, from February 2012 to February 2015; and as a Board Director of Expeditors International from August 1999 until May 2, 2017.[7]

Personal life[edit]

In addition to Malone's business endeavors, he has been an active member of Seattle's civic leadership and philanthropy communities. In 1990, Mr. Malone served as the City of Seattle’s Arts Commissioner and has also served as the City’s Commissioner to the Seattle Center.

In 2010, the Capitol Hill Chamber of Commerce awarded Malone the Spirit of the Hill award, recognizing his commitment to preserving Capitol Hill's endangered auto row-era architecture.

Malone is an avid vintage car enthusiast, with a collection over 20 vehicles. He also races the autos, to the tune of up to 13 a year.[8]

References[edit]

  1. "Barbara Corvino, Michael Malone". The New York Times. February 2, 1997. Retrieved August 25, 2017.
  2. Yu, Roger (September 20, 2000). "Rival firm acquiring AEI Music Network". The Seattle Times. Retrieved August 25, 2017.
  3. Meisner, Jeff (May 16, 2001). "AEI Merger with DMX Approved". The Puget Sound Business Journal. Retrieved August 25, 2017.
  4. Clement, Bethany Jean (August 3, 2015). "With remodel, Seattle's Sorrento hotel goes from stodgy to chic". The Seattle Times. Retrieved August 25, 2017.
  5. "Team". Hunters Capital. 2017. Retrieved August 25, 2017.
  6. "Executive Profile Michael J. Malone". Bloomberg. August 25, 2017. Retrieved August 25, 2017.
  7. Payne, Patti (June 27, 2013). "Michael Malone doesn't just collect fast cars — he races them". The Puget Sound Business Journal. Retrieved August 25, 2017.


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