Big Real Estate

Greetings from Cannes.

What’s MIPIM? In NYC, Nobody Knows.

It’s not just the biggest real estate conference no one has heard of. It’s the biggest real estate conference period. And, yes, most real estate professionals, at least in New York, haven’t heard of it.

Next week 19,000 guests from 90 countries will descend on Cannes, France, for MIPIM, a four-day event that roughly translates as “International Market for Real Estate Professionals” featuring speaking panels and networking opportunities that allow developers to shop major new projects to prospective tenants and investors. Read More

Postings

1173 REBNY 116th Annual Banquet, 1.19.12

Walking the REBNY Ballroom: Hungry Brokers, Angry Lapidus

Speeches were casually ignored, drinks were spilled and bonds were formed at last Thursday’s 116th annual Real Estate Board of New York Gala, which this year drew an estimated 2,000 brokers, owners, advertising buyers and real estate reporters to the New York Hilton for an evening of conviviality, honorifics and hushed deal making. Among the fray was Commercial Observer staff writer Daniel Geiger, who during the course of the evening saw his stenopad tossed by an irate real estate broker and who unabashedly accosted Studley’s Woody Heller in the hotel’s bathroom, all for the sake of the story. Below, a timeline of gala comings and goings, from the innocuous gossip down to the downright obnoxious.  Read More

‘Money Guy’ Michaels Makes Lucid Purchase at Lucida

According to city records, Howard Michaels, the fearsome head of the real estate investment concern the Carlton Group, recently invested some of his own money—$9,367,900 to be exact—in a seven-bedroom combined unit at The Lucida, the Upper East Side’s brand-spanking new, first ever LEED-certified condominium gargantua at 150 East 86th Street.

The 110-unit, 20 story high-rise Read More

Howard Michaels, Bankable

Location: You’re the money guy.

Mr. Michaels: Right.

Where do you get your money from?

Over the last 15 years, we have developed a worldwide network of equity investors and investment advisers who look to Carlton to provide high-quality transactions and [joint venture] partners. In fact, my partner is in Read More

The New Lehmans

Why so glum? We know. It’s been the worst real estate year in recent memory. But didn’t Papa ever tell you there’s opportunity in disaster? It’s just like what HSBC’s pervasive ad campaign says: It’s all about your “point of view.” Where some see chaos, others see opportunity.

Those “others” come in two sizes. Read More