Carlton Group | The Real Deal New York

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Carlton Group

560 Lexington Avenue, 10th Floor
New York, NY 10022
(212) 545-1000
Website

Carlton Group is an international real estate investment bank. Founded in 1991 by Howard Lee Michaels, Carlton has closed more than $125 billion in commercial and residential real estate transactions, primarily high-leverage. The funds raised by Carlton come primarily from high-net-worth individuals and institutional investors, with the goal of fully funding (or nearly so) real estate projects. Among the projects Carlton has financed are 432 Park Avenue and 125 Greenwich Street, the latter of which was developed by Michael Shvo. In 2014 the firm began to use crowdfunding for its individual investors worldwide, with opportunities to invest in high-yield commercial properties for the minimum price tag of $1 million. Carlton also owns and manages more than 3 million square feet of commercial, residential and retail space through its merchant banking division. In addition, it has been active abroad, adding the former Metropolitan Palace Hotel, now called the Carlton Palace, in the United Arab Emirates.


11/02/17
...Anthony Ledesma and Michael Pallas represented the seller. Carlton Group’s Howard Michaels, Steven Fenster and Michael Campbell brokered the joint-venture equity and debt...

11/02/17
...or try and create a default,” said the Carlton Group’s Howard Michaels, who helped Harry raise equity for the GM Building deal. “Because...

10/31/17
...HAP collaborator Karim Rashid, is the architect. A Carlton Group team led by Howard Michaels and Jonathan Rosner brokered the deal. Carlton said it...

07/31/17
...of 280 Cadman Plaza (Credit: Marvel Architects) Howard Michaels’ Carlton Group is suing David Kramer’s Hudson Companies, claiming it’s owed $2.2 million in commissions...

07/10/17
...debt and equity financing in 2015, which Howard Michaels’ Carlton Group arranged. UOB is an active lender in Manhattan, bankrolling projects such as Harry Macklowe's...

05/09/17
...reported, and negotiations persisted well into 2017. Howard Michaels' Carlton Group served as the adviser on the construction financing deal. Howard Michaels Representatives for HFZ...

05/09/17
...his client Michael Shvo. Michaels, who heads the Carlton Group, had just gotten off a long phone call with Nicholas Mastroianni II, the head...

11/08/16
...Matthew Collins of JLL . Sources said Howard Michaels' Carlton Group advised on the deal. Michaels and Appel also declined to comment. In July 2013, HFZ...

10/25/16
...to cover acquisition and predevelopment costs. Howard Michaels’ Carlton Group, which brokered the acquisition loan, is also advising HFZ on the construction financing, sources...

07/23/16
...real estate investment advisory firm known as the Carlton Group. Read the full story from the October 2011 issue here...

07/22/16
...at the prominent real estate investment banking firm Carlton Group , filed for personal bankruptcy in May. In the court documents, Campbell lists pending and...

07/17/16
...resort to New York City investment firm the Carlton Group . But the negotiations were compromised when Carlton Group asked past guests – which include Jennifer...

07/12/16
...running theaters on Broadway. Howard Michaels of the Carlton Group, who arranged the acquisition financing for the hotel, was not immediately available for comment...

05/10/16
...JPMorgan that HFZ secured last May. Howard Michaels' Carlton Group arranged the financing. TRD and other outlets reported SL Green’s involvement in the...

05/02/16
...his client Michael Shvo. Michaels, who heads the Carlton Group, had just gotten off a long phone call with Nicholas Mastroianni II, the head...

04/13/16
...program, which some say is open to abuse. Carlton Group chief Howard Michaels recently called it the “legalized crack cocaine” of real estate financing...

04/13/16
...about the EB-5 program. Michaels, who heads the Carlton Group, wrote the phrase in a 2014 email to Michael Shvo, telling the developer he and...

03/16/16
...Shvo’s planned tower at 125 Greenwich Street, the Carlton Group has filed a lawsuit against the developers and is seeking nearly $4 million worth of...

02/17/16
...as 3 Sutton Place. The Real Deal reported the Carlton Group was trying to arrange financing. Brokerage firm Eastdil Secured will market the site to...

02/10/16
...Last week, The Real Deal reported that the Carlton Group was trying to arrange financing. The tower — known as 3 Sutton Place — has also drawn...

02/05/16
...a letter sent to potential lenders by the Carlton Group, which is trying to arrange financing for Bauhouse. Sources said that Beninati has approached...

02/05/16
...in debt and equity financing that Howard Michaels’ Carlton Group arranged last year for the project. The projected total cost for the 91-story, 275-unit...

02/05/16
...Group, is working with partners Vector Group and Carlton Group on the Herzog & de Meuron-designed project. HFF's Michael Tepedino, Eric Anton, Christopher Peck...

02/05/16
...about $1 billion more to fund construction. Howard Michaels’ Carlton Group brokered the acquisition loan and is advising on the construction financing (which HFZ is...

02/04/16
...than banks, is also becoming more popular. The Carlton Group, for example, is currently raising $550 million in EB-5 funds for three Manhattan condo projects...
Carlton Group, Real Estate Salesperson
560 Lexington Avenue, 10th Floor, New York, NY, (212) 545-1000
...
Carlton Group, Real Estate Salesperson
560 Lexington Avenue, 10th Floor, New York, NY, (212) 545-1000
...
Bronstein Properties, Real Estate Salesperson
108-18 Queens Boulevard, Forest Hills, NY, (718) 521-5700
...
Carlton Group, Real Estate Salesperson
560 Lexington Avenue, 10th Floor, New York, NY, (212) 545-1000
...
Carlton Group, Real Estate Salesperson
560 Lexington Avenue, 10th Floor, New York, NY, (212) 545-1000
...
Carlton Group, Real Estate Salesperson
560 Lexington Avenue, 10th Floor, New York, NY, (212) 545-1000
...
Carlton Group, Managing Director
560 Lexington Avenue, 10th Floor, New York, NY, 212.545.1000
...
Carlton Group, Managing Director
560 Lexington Avenue, 10th Floor, New York, NY, (212) 545-1000
...
Carlton Group, Director
560 Lexington Avenue, 10th Floor, New York, NY, (212) 545-1000
...
Jeffrey A Kosow, Individual Broker
1085 Park Avenue, New York, NY
...
Carlton Group, Managing Director & General Counsel
560 Lexington Avenue, 10th Floor, New York, NY, 212.545.1000
...
Carlton Group, Chief Financial Officer
560 Lexington Avenue, 10th Floor, New York, NY, 212.545.1000
...
Carlton Group, Managing Director, Crowdfunding
560 Lexington Avenue, 10th Floor, New York, NY, 212.545.1000
...
Carlton Group, Chief Investment Officer
560 Lexington Avenue, 10th Floor, New York, NY, 212.545.1000
...
Carlton Group, Chief Operating Officer
560 Lexington Avenue, 10th Floor, New York, NY, 212.545.1000
...
Carlton Group, Partner
560 Lexington Avenue, 10th Floor, New York, NY, (212) 545-1000
...
Carlton Group, Chairman
560 Lexington Avenue, 10th Floor, New York, NY, (212) 545-1000
...
  • Event Financing
  • Address 25 Greenwich Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 10,600
  • Publication Date 12/01/2014
  • Event Date 10/22/2014
  • Party 1 Shvo and Bizzi & Partners
  • Party 1 Brokerage The Carlton Group
  • Party 2 Dilip Shanghvi
notes
A $40 million investment was arranged for the 77-story, 128-units
  • Event Sales
  • Address 737 Park Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 360,000,000
  • Publication Date 09/01/2011
  • Event Date 07/23/2011
  • Party 1 Katz family
  • Party 1 Brokerage JLL
  • Party 2 Harry Macklowe
  • Party 2 Brokerage The Carlton Group
notes
The rental building sold for $360 million. The price includes capitalization, financing and other related costs. CIM Group is believed to be an investment partner in the deal, the New York Post reported.
  • Event Sales
  • Address 150 East 72nd Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 70,000,000
notes
The rental building sold for $70 million.
  • Event Financing
  • Address 1250 Broadway
  • Neighborhood Garment District
  • Borough Manhattan
  • Square feet 770,000
  • Price $ 175,000,000
notes
A $215 million acquisition and mezzanine financing was arranged for the office building. A German lender provided the $175 million first mortgage, and a REIT provided $40 million in mezzanine financing. 39-story office building.
  • Event Financing
  • Building Name 511-541 West 25th Street
  • Address 511 West 25th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Publication Date 04/01/2008
  • Event Date 02/21/2008
  • Party 1 Cardinal Investment Group
  • Party 1 Brokerage The Carlton Group
notes
A $92 million senior debt and mezzanine financing was arranged for the acquisition of the 158,908-square-foot property. Development site
  • Event Financing
  • Address 292 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 193,000
  • Price $ 60,000,000
notes
A $130 million capital package was arranged for the acquisition of the property, which included the sale of its fee simple interest to a REIT for $70 million and a 10-year fixed-rate leasehold mortgage for $60 million. The combined rate for the financing is 4.92 percent. 26-story office building.
  • Event Financing
  • Building Name Lipstick Building
  • Address 885 Third Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 587,000
  • Price $ 210,000,000
  • Publication Date 09/01/2007
  • Event Date 07/23/2007
  • Party 1 Metropolitan Real Estate Investors
  • Party 1 Brokerage The Carlton Group
notes
A $587 million financing was arranged for the acquisition of the office property. This was made possible by the sale of the building's fee simple interest to a REIT for $317 million and the arrangement of a 10-year fixed-rate leasehold mortgage for $210 million. 34-story office building.
  • Event Financing
  • Address 11 Madison Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
notes
The 2.2-million-square-foot property, which was purchased for $700 million in 2003, was refinanced with a 10-year, $803 million loan. Credit Suisse First Boston replaced Wachovia, which had previously financed the property. Credit Suisse is also the largest tenant in the property and has a lease that expires in the same year as the loan.

...said Kevin Swill, chief operating officer of the Carlton Group, a real estate investment banking firm that has arranged financing for a number of...

...Swill, chief operating officer of the New York-based Carlton Group, a real estate investment banking firm. “They look to the U.S., even with...

...Michaels, CEO of the investment banking firm the Carlton Group, said he saw aggressive activity last year from Starwood Capital Group, Deutsche Bank, the...

...with CBRE's $3.1 billion. For this year, Howard Michael's Carlton Group ranked No. 4 for all property types in Manhattan (see related story here). However, not...
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