It's back to the future in commercial real estate!
Howard Michaels, chairman of The Carlton Group, is bringing the live auction back to the industry.
Mr. Michaels will now hold what are known as "oral outcry" auctions for commercial real estate assets--bricks-and-mortar properties and loans--through a new entity called Carlton Auctions LLC.
This is not Mr. Michaels first foray into the live auction format. Back in the 1990s, in the days of the RTC, spawned by the savings and loan crisis, Mr. Michaels auctioned off thousands of real estate assets using live auctions.
Experienced auctioneers Oren Klein and Josh Olshin will lead the auctions. read more »