Malkin is the founder and chairman of Value Retail, the co-founder and chairman of Value Retail China, and the founder and chairman of SD Malkin Properties. These companies focus primarily on the development of fashion-led, open-air retail projects and on four-star, boutique hotels, and are partners in a new development at Belmont Park racecourse (near JFK) that will include a sports arena as well as retail and a hotel. Value Retail’s eleven venues, known as The Bicester Village Shopping Collection, comprise the most productive retail portfolio in the world in terms of sales per square foot. Malkin serves on various Harvard committees and on nonprofit boards including those of the New York Public Library, the Carnegie Endowment for International Peace, Lincoln Center, and Partners In Health.