Peter Stephen Kalikow was born on December 1, 1942, and raised in Forest Hills, Queens, the firstborn son of Juliet (née Citrin) and Harold J.

By the 1950's Joseph and his sons made a small fortune from the post-World War II housing boom having built over 20 six-story apartment buildings.

In the late 1970 Kalikow befriended Alfred Momo, a former car racing team manager who worked for Jaguar.

Over a shared passion for elegance and speed the two decided to create a sophisticated high-performance GT car with understated styling, the interior appointments and space of a Jaguar, and the tractability of an American V8 drivetrain.

In 1993, Kalikow declared bankruptcy and lost the newspaper, which was eventually purchased by Murdoch's News Corporation.

[10] In May 2000, Kalikow was named chairman of the Grand Central Partnership, one of New York City's Business Improvement Districts (BIDs).

She is a Principal owner and is involved with all aspects of the company’s assets and operations[25] including property management of 101 Park Avenue, a commercial office building in Midtown Manhattan.

[26][27] She is part of various real estate, civic, and philanthropic institutions in the New York area, and devotes much of her time to helping others in the substance recovery community.