Howard Michaels in his office at 560 Lexington Avenue last month.From the October issue: Thirty-four years ago, Howard Michaels was knocking on doors in the 2.3 million-square-foot Starrett-Lehigh office building, hawking copy machines for the 3M Company.
“I was making bupkis,” Michaels recalled.
Those days are undoubtedly over. In 2004, he arranged a $219 million recapitalization of that same building, earning a seven-figure commission for his company, a real estate investment advisory firm known as the Carlton Group.
Carlton has been on an especially hot streak this year. So far in 2011, the company says it has closed $5 billion in transactions worldwide.
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