The Real Deal New York

Posts Tagged ‘howard michaels’

  • kevin-swill

    From left: Kevin Swill and Howard Michaels

    Midtown-based real estate investment banking firm the Carlton Group tapped Kevin Swill, the former president of a financing arm of the Kushner Companies, to serve as the first COO.

    Swill will be in charge of expanding the equity syndication and investment sales operations. He was president of Westminster Capital Associates, an arm of Kushner Companies, where he helped with acquiring and recapitalizing roughly 13,000 units. He has also worked at Deutsche Bank, Citibank and Merrill Lynch. [more]

  • Howard Michaels and Philippe Visser

    Howard Michaels and Philippe Visser

    From the October issue: In this month’s movers & shakers feature, The Real Deal has news of Carlton Group Chairman Howard Michaels announcing the formation of a new investment sales team and an update on Philippe Visser — the former director of World Trade Center Redevelopment for the Port Authority of New York & New Jersey — who joined Related Companies. See these items and more after the jump.

  • From left: Howard Michaels and the Lipstick Building

    SL Green Realty is selling the land beneath the Lipstick Building in Midtown, the New York Post reported. The commercial landlord has tapped the Carlton Group’s Howard Michaels to handle the marketing.

    The land could attract a record-breaking price, as investors are now seeking stable investments in New York City, the Post said. [more]

  • From left: 354 East 91st Street and Keller Williams CEO Eric Barron

    Newcomer brokerage Portman Realty has been absorbed by Keller Williams NYC — and at its new home will be called the Portman Group at Keller Williams NYC. All 16 Portman agents will join Keller Williams, executives from Portman told The Real Deal.

    The deal, which was effective as of today, will provide Portman — the brokerage that last month sold the Electra, at 354 East 91st Street, for $95 million — access to Keller Williams’ national and international networks of clients and contacts, executives said. [more]

  • From left: Steven Witkoff, 701 Seventh Avenue (credit: PropertyShark) and Howard Michaels

    A venture between Steven Witkoff and Michael Ashner has purchased 701 Seventh Avenue in Times Square, Bloomberg Businessweek reported. Howard Michaels, chairman of the Carlton Group, who represented Witkoff in the acquisition, said the value of the transaction is approximately $2 billion, in a statement provided to The Real Deal. [more]

  • From left: Howard Michaels, CEO of the Carlton Group and the interior of 151 East 85th Street

    Howard Michaels, chairman and CEO of international real estate investment banking firm the Carlton Group, has sold his 5,210-square-foot, seven-bedroom spread at the Lucida for $10.45 million, according to public records filed with the city this week. Michaels, who previously told The Real Deal that he splits his time Manhattan and Old Westbury with his wife, longtime Chuck Schumer fundraiser Jennifer Bayer Michaels, bought the apartment in 2010 for $9.37 million, records show.  [more]

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    Carlton’s Howard Michaels

    Howard Michaels‘ Carlton Group has reached the number one spot among New York City office investment sales brokerages for the first time thanks to demand for recapitalizations, the New York Post reported.

    Carlton ranked number six nationally for the first half of the year based on $1.1 billion in total volume of debt and equity financings. Eastdil Secured came in at number one with over $4 billion.

    Carlton’s New York figures are due to three local recaps valued at $1.1 billion — at 1 Park Avenue, 1180 Sixth Avenue and 450 West 33rd Street, according to the Post.

    “Typically, recaps haven’t been recognized as investment sales, but they’re the exact same art,” Michaels said. With $850 billion in commercial mortgages due to mature by the end of the year, according to CoStar Group, Michaels anticipates even more demand for recaps, “due to the widening out of spreads in the CMBS market, which is lowering loan levels, and the sluggish economy.” … [more]

  • Developer Harry Macklowe closed this afternoon on the $70 million acquisition of a 34-unit rental apartment building at 150 East 72nd Street that his Macklowe
    Properties expects to convert to condominiums.

    Macklowe financed the Lenox Hill purchase and anticipated rehabilitation of the
    72,000-square-foot, pre-war building through a total of $120 million in equity
    and debt, according to a statement from Macklowe’s exclusive advisor on the
    transaction, Howard Michaels, chairman of investment banking firm Carlton
    Group. … [more]

  • Manhattan-based real estate investment bank the Carlton Group is expanding into Europe in an effort to become a bigger player overseas, according to Crain’s. The expansion has already begun with the firm opening a London office in April. Howard Michaels, chairman and chief executive, says Russia will be next, potentially opening by the end of 2011. Michaels is attempting to cash in on changed attitudes amongst foreign investors. “Everyone always said overseas investors have an increased appetite in Manhattan. Today that has never been more true,” he said. … [more]


  • From left: 1180 Sixth Ave., Norman Sturner, president of Murray Hill Properties, and Howard Michaels of the Carlton Group
    Howard Michaels has saved the day at 1180 Sixth Avenue, bringing in an anonymous Chinese investor to bail out the owners before a planned foreclosure auction by mezzanine debt holder Shorenstein Properties, according to the Post. Norman Sturner’s Murray Hill Properties and the Carlyle Group had defaulted on their mortgage payments in January after buying the 23-story property, between 46th and 47th streets, for $300 million at the height of the market. Shorenstein filed to foreclose late last month. … [more]

  • Dr. Joy lists Battery Park City duplex

    February 22, 2011 08:26AM
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    Top row, from left: Joy Browne, the kitchen at her apartment at 21 South End Avenue, and the kitchen at 146 Central Park West.
    Bottom row, from left: Howard Michaels with his listings: an exterior and interior shot of the Lucida at 151 East 85th Street, and the Stanhope at 995 Fifth Avenue.

    alternate text

    Radio psychologist Dr. Joy Browne has two things in common with the fictional Frasier Crane. One, she answers callers’ on-air questions about life and love. And two, she has a fabulous apartment. Now Browne’s 2,600-square-foot riverfront duplex at the Regatta condominium in Battery Park City is on the market with L.G. Fairmont Group’s Derek Lee for $3.4 million, or $18,000 per month to rent. In addition, Howard Michaels, the chairman and CEO of international real estate investment banking firm the Carlton Group, last week put his 5,200-square-foot Lucida spread on the market with Corcoran’s Carrie Chiang for $11 million, along with his Stanhope apartment, which is priced at $11.5 million. Also, a 6,000-square-foot apartment is up for grabs at the San Remo, the iconic twin-towered co-op which Bono, Rita Hayworth and Steven Spielberg have called home. Unit #6E6F at 146 Central Park West hit the market over this past weekend for $24.75 million with Bellmarc’s Dan Fishman. Click here for more.


  • Howard Michaels
    Howard Michaels, chairman of the Carlton Group

    Real estate investment bank the Carlton Group has launched a mobile platform that allows users to bid on properties from their phones, according to Howard Michaels, the company’s chairman. The platform works in conjunction with the company’s auction Web site, Carlton Exchange, which underwent a revamp late last year. The software is the first of its kind in the industry, said Michaels, who hopes that the program will streamline the buying process. “It makes the buying of distressed assets [easier] for the investor,” Michaels said. “It’s a trading platform for investors to meet motivated sellers.” The national mobile system will allow users to not only bid 24 hours a day, but also to access its database of loans and properties. And with billions of real estate loans reaching maturity, Michaels said it’s a good time to make the buying process easier. “We’re the busiest we’ve ever been,” Michaels said. … [more]

  • Carlton CEO discusses new auction site

    November 09, 2009 03:29PM

    Howard Michaels, chairman and CEO of the Carlton Group

    With the volatile real estate debt market, now is certainly an interesting time to become further entrenched in the industry — so says Howard Michaels, the chairman and CEO of the Carlton Group, which recently launched the Carlton Exchange Web site where investors can auction off real estate loans. Michaels sat down with the New York Times to discuss his firm’s new site and some of his most memorable deals. Michaels said that, given the current market climate, now is an ideal time to launch the auction Web site. “The banks will get more exposure for their assets, the bidders can go to a central location to see what’s available,” Michaels said. “But it’s not an auction in that it has to be sold right away. It’s more like the Multiple Listing Service you have for homes.”