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	<title>The Commercial Observer &#187; &#8216;Money Guy&#8217; Michaels Makes Lucid Purchase at Lucida</title>
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		<title>The Commercial Observer &#187; &#8216;Money Guy&#8217; Michaels Makes Lucid Purchase at Lucida</title>
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		<title>&#8216;Money Guy&#8217; Michaels Makes Lucid Purchase at Lucida</title>

		<comments>http://commercialobserver.com/2010/03/money-guy-michaels-makes-lucid-purchase-at-lucida/#comments</comments>
		<pubDate>Wed, 31 Mar 2010 15:44:50 -0400</pubDate>
					<link>http://commercialobserver.com/2010/03/money-guy-michaels-makes-lucid-purchase-at-lucida/</link>
			<dc:creator>Chloe Malle</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://www.commercialobserver.com/files/2010/03/howardmichaels_3-300x294.jpg" />According to city records, <strong>Howard Michaels</strong>, the fearsome&nbsp;head of&nbsp;the real estate investment concern the&nbsp;<a href="http://www.carltongroup.com/" target="_blank">Carlton Group</a>, recently invested some of his own money&mdash;<strong>$9,367,900</strong> to be exact&mdash;in a seven-bedroom combined unit at <strong>The Lucida</strong>, the Upper East Side's brand-spanking new, first ever LEED-certified condominium gargantua at 150 East 86th Street.</p>
<p>The 110-unit, 20 story high-rise looks a bit like Charlie's great glass elevator painted by Cezanne in his planar, faceted phase. The high-floor apartment bought by Mr. Michaels and his wife, <strong>Jennifer Bayer-Michaels</strong>, flaunts floor-to-ceiling windows&mdash;and the ceilings are&nbsp;10 feet high&mdash;"luscious, chocolate-stained" solid oak floors, and&nbsp;marble flooring in the bathroom with vanities in bamboo and maple. The building also seduces buyers with a spa center, indoor pool, fitness center, catering kitchen for private events, indoor playground and a private wine cellar (not accessible from the playground, we hope).</p>
<p>The development's Web site lyrically describes, "the effortless medley of classical elegance and soft-edged modernism" using "lavishly appointed details, exceeding the expectations of Upper East Side living."</p>
<p>It didn't take Mr. and Mrs. Michaels long to nab the spacious abode: the listing went up last week! Listed by<strong> The Modlin Group</strong>'s <strong>Adam Modlin </strong>for $10.5 million, Mr. Michaels&nbsp; shaved a good million off the asking price, but we expected no less from the self-proclaimed <a href="/2009/real-estate/howard-michaels-bankable" target="_blank">"money guy,"</a> whose&nbsp; Carlton Group focuses on equity and debt placement aswell as commercial and residential real estate loans.</p>
<p>Mr. Modlin could not&nbsp; be reached due to observance of the Jewish holidays and his assistant refused to comment.</p>
<p><span style="background-color: #edf5fa"><a href="mailto:cmalle@observer.com"><em>cmalle@observer.com</em></a></span></p>
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		<content:encoded><![CDATA[<p><img class="alignleft" src="http://www.commercialobserver.com/files/2010/03/howardmichaels_3-300x294.jpg" />According to city records, <strong>Howard Michaels</strong>, the fearsome&nbsp;head of&nbsp;the real estate investment concern the&nbsp;<a href="http://www.carltongroup.com/" target="_blank">Carlton Group</a>, recently invested some of his own money&mdash;<strong>$9,367,900</strong> to be exact&mdash;in a seven-bedroom combined unit at <strong>The Lucida</strong>, the Upper East Side's brand-spanking new, first ever LEED-certified condominium gargantua at 150 East 86th Street.</p>
<p>The 110-unit, 20 story high-rise looks a bit like Charlie's great glass elevator painted by Cezanne in his planar, faceted phase. The high-floor apartment bought by Mr. Michaels and his wife, <strong>Jennifer Bayer-Michaels</strong>, flaunts floor-to-ceiling windows&mdash;and the ceilings are&nbsp;10 feet high&mdash;"luscious, chocolate-stained" solid oak floors, and&nbsp;marble flooring in the bathroom with vanities in bamboo and maple. The building also seduces buyers with a spa center, indoor pool, fitness center, catering kitchen for private events, indoor playground and a private wine cellar (not accessible from the playground, we hope).</p>
<p>The development's Web site lyrically describes, "the effortless medley of classical elegance and soft-edged modernism" using "lavishly appointed details, exceeding the expectations of Upper East Side living."</p>
<p>It didn't take Mr. and Mrs. Michaels long to nab the spacious abode: the listing went up last week! Listed by<strong> The Modlin Group</strong>'s <strong>Adam Modlin </strong>for $10.5 million, Mr. Michaels&nbsp; shaved a good million off the asking price, but we expected no less from the self-proclaimed <a href="/2009/real-estate/howard-michaels-bankable" target="_blank">"money guy,"</a> whose&nbsp; Carlton Group focuses on equity and debt placement aswell as commercial and residential real estate loans.</p>
<p>Mr. Modlin could not&nbsp; be reached due to observance of the Jewish holidays and his assistant refused to comment.</p>
<p><span style="background-color: #edf5fa"><a href="mailto:cmalle@observer.com"><em>cmalle@observer.com</em></a></span></p>
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