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Carter Expands Operations to NYC

ATLANTA-The regional firm opens a Manhattan office for direct access to capital markets.

By Carl Cronan | Updated on October 15, 2009

ATLANTA-Locally based Carter has established a new office in New York City as a way to expand its focus on capital markets. Michael Seton, a 15-year capital markets veteran, has been hired to head the Manhattan office as executive vice president.

While Carter will maintain its focus on the Southeast, the New York office will allow the commercial real estate firm to strengthen its platform to source new deals and increase service to clients. Seton has strong connections there, having previously served as managing director and division head with the originations group of German real estate bank Eurohypo.

Seton is credited with a pivotal role in recapitalizing the Chrysler Building and General Motors Building in New York City and the Merchandise Mart in Chicago. He also secured construction financing for the acclaimed 15 Central Park West, Manhattan’s most expensive new residential building.

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