The Carlton Group has named a new CEO following the death of its founder and long-time top executive Howard Michaels, earlier this year.
Michael J. Campbell, a partner at the firm and one of its top capital markets brokers, was promoted to the top-ranking position on Tuesday.
A 25-year industry veteran, Campbell has helped procure and structure more than $140 billion in real estate financing around the world. He joined the firm 19 years ago and worked closely with Michaels, who established the company in 1991 and ran it until his death on September 21 from gastric cancer.
“Howard did a brilliant job establishing The Carlton Group as the go-to source of capital for developers and owners working on large projects where traditional financing is more difficult to obtain,” Campbell said in a statement. “Building on what Howard started, our pipeline of business is as deep and robust as ever, and Carlton’s current exclusive transactions range from New York, to South Florida, to Chicago and Dallas, and out to the West Coast to Seattle, San Francisco, and Los Angeles.”
Some of Campbell’s crowning achievements at Carlton include financing deals for the General Motors Building and the Edison Hotel in New York, the Willis Tower in Chicago and the Bank of America Tower in San Francisco.
Prior to joining Carlton, he spent five years at various Prudential Global Investment Management real estate groups including PRG, PCG and PMCC. He has a bachelor’s degree in financial engineering from James Madison University and a master’s in real estate finance and investments from New York University.
“My primary role with The Carlton Group is to further elevate what has already been an incredibly successful firm focused on raising equity and debt capital for the acquisition and development of real estate, particularly for transactions that require a more complex financial structure,” Campbell said.
Along with Campbell’s promotion, Daniel I. Bildner, Carlton’s general counsel for the past seven years, has been named Chief Operating Officer.
Bildner has more than 20 years of real estate experience, most of which was spent with the law firm Greenberg Traurig. He has degrees from Emory University and the SUNY Buffalo School of Law.
“Carlton will continue as a pioneer in sourcing of ‘off the radar’ capital that is eager to invest in large and complicated development projects, recapitalizations and other complex transactions throughout the United States and abroad,” Bildner said.