News:
Brokerage
Posted: October 2, 2018
Howard Michaels of Carlton Group passes at 62
New York, NY According to the Carlton Group, its chairman, Howard Michaels, passed at age 62 after battling a long illness. Michaels was a beloved husband, father, friend, philanthropist, mentor and a well-respected visionary in the real estate finance business.
He was chairman of The Carlton Group, which he formed in 1991, and since, it has become one of the premier real estate investment banks worldwide.
His intelligence, tenacity and dedication were great assets to Carlton and helped expand the company from a single office on Park Ave. South to now having multiple offices across the globe. The company will continue its mission under the leadership of Michaels’ protégé and partner Michael Campbell. Campbell has worked side by side with Michaels for nearly 20 years. There is no doubt that the firm will continue to prosper under his leadership and the executives at the firm.
Michaels leaves behind his wife Jennifer and daughters Reese and Alex and sons David, Josh and Sam. Carlton and the entire real estate community mourn the loss of one of their own.
Services were held at Central Synagogue on Sunday, September 23rd at noon.
Shiva will be at the Michaels’ residence located at 995 Fifth Avenue on Sunday, September 23rd from 6 to 9 pm and Monday, September 24th from Noon to 3 pm and 5 pm to 8pm.
Donations may be made to the Jennifer and Howard Michaels Family Foundation at 560 Lexington Ave., 10th Floor, New York, NY 10022 and will be designated to Gastric Cancer Research.
Tags:
Brokerage
MORE FROM Brokerage
NAI Long Island achieves 100% occupancy at two Suffolk County office assets
Hauppauge, NY NAI Long Island, an affiliate of NAI Global, has achieved 100% occupancy at two Suffolk County office properties, totaling 50,689 s/f. These exclusive landlord leasing assignments involved 207
Quick Hits
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
.gif)
August Promotion
