Michael L. Carucci
Michael L. Carucci (born 6 August 1958) in Somerville, Massachusetts where he lived much of his childhood in the Winter Hill housing projects. In 1982 he became a licensed real estate agent in Massachusetts. He served on the Board of Directors for the Greater Boston Association of Realtors 2009, 2010, and 2011. Some of his more prominent clients include developer Cindy Stumpo of C. Stumpo Development and HGTV's series Tough as Nails, housing developer Arthur Winn [1], and Ernie Boch Jr. He is the Executive Vice President of Gibson Sotheby’s International Realty, an affiliate of Sotheby's International Realty. Carucci is also Chairman of the Carucci Group, a division of Gibson Sotheby’s International Realty. He specializes in the sale of luxury homes and condominiums, as well as commercial and investment properties in the Greater Boston Area.
| Michael L. Carucci | |
|---|---|
| Born | Michael Louis Carucci August 6, 1958 Somerville, Massachusetts, United States |
| 🏡 Residence | Boston, Massachusetts, United States |
| 🏳️ Nationality | American |
| 💼 Occupation | Executive Vice President, Gibson Sotheby's International Realty, Chairman, Carucci Group |
| 👩 Spouse(s) | Formerly married to Darlene Carucci |
| 👶 Children | 3 |
Career[edit]
At the age of 24, Carucci entered the real estate industry in Back Bay, Boston at a Century 21 (real estate) office. At the age of 26, Carucci started his first real estate company, New Boston Properties, and eventually merged it into RE/MAX Boston. He then created ERA Group Boston Real Estate, a Realogy brand, and later gave up the brand, operating as just Group Boston Real Estate. In 2015, Carucci merged his existing independent real estate firm, Group Boston Real Estate with Gibson Sotheby’s International Realty.[2]
Carucci has been instrumental in brokering many high profile multi-million dollar real estate deals in Boston throughout his career.[3][4][5][6][7][8][9]
Carucci is often quoted as an expert on Boston and Massachusetts Housing by the media. [10][11][12][13][14][15]
Career Adversity[edit]
In March 1997, a Grand Jury of the United States District Court for the Commonwealth of Massachusetts returned a 103-Count Indictment against Michael L. Carucci for selling real estate to Stephen J. Flemmi.
On April 13, 2004 Carucci was acquitted of all 103 counts.[16] [17]
Even applying this broad construction of § 1957 liability, the evidence of specified unlawful activity adduced at Carucci's trial was insufficient to support his conviction.[16]
In 2010, Carucci worked with the FBI to convict a group of men who threatened his family and extorted him over a business debt. According to the article, "His fear turned to anger when the men said they had been sent by one of Carucci’s longtime friends, realtor David Gefke, to collect a $60,000 business debt. They allegedly even threatened him and his family." Carucci, 51, chief executive of The Boston Real Estate Group, alerted the FBI and Boston police about the Jan. 29 confrontation, then cooperated in an investigation that led to the arrest of Gefke and another man Friday, followed by the arrest of two more men yesterday. All four are charged with extortion.[18]
Real Estate Commentary in the Media[edit]
- In September 2016 Carucci was featured on a NECN segment about the Boston housing market - Real Estate Deals on NECN,[10]
- In September 2016 Carucci was interviewed for a profile piece in The Huffington Post about building a business.[19]
- In October 2015 Carucci was interviewed for a real estate piece in Boston Common Magazine about buying a home vs investing.[11]
- In May 2016 Carucci was quoted in a Boston.com article - Greater Boston suburbs seeing home prices cool off, sometimes by a lot [12]
- In 2015 Carucci was quoted in an article about Boston based affordable housing developer, Athur Winn.[1]
- In March 2015 Carucci was quoted in an article about Boston parking troubles after the 2015 record snowfall.[13]
- In January 2015 Carucci was interviewed for an Entrepreneur article about marketing to the affluent.[20]
- In 2014 Carucci was quoted in an article about rising sea levels and the effect on waterfront real estate.[14]
- In 2014 Carucci was quoted in an article about rising sea tide levels and waterfont real estate in Boston.[21]
- In June 2007 Carucci was quoted in article on Boston.com - 10 Mistakes Buyers Make [15]
Recognition[edit]
Top Boston Real Estate Brokers 2014 - February 2015[22]
References[edit]
- ↑ 1.0 1.1 Alcorn, Stacey (August 5, 2015). "Winning - An Interview with Arthur Winn". The Huffington Post. Retrieved October 3, 2016.
“Arthur Winn has changed what it means to live in affordable housing. By focusing on delivering high quality units, he has created not just housing, but homes... he has created not just projects, but communities."
- ↑ "Boston Real Estate Market Taken by Storm as Top-Producer Michael Carucci Joins Forces with Billion Dollar Firm, Gibson Sotheby's International Realty - Gibson Sotheby's International Realty". gibsonsothebysrealty.com. 2 April 2015.
- ↑ "Group Boston Real Estate's Michael Carucci Brokers the Sale of 290 Warren Street in Brookline for $4,298,000". Street Insider. StreetInsider.com. January 2015. Retrieved October 3, 2016.
- ↑ "Group Boston Real Estate (GBRE) brokered the sale of 240A Newbury Street" (url). Novaya Real Estate Ventures (published April 2014). 2014-04-24. Retrieved 2016-10-03.
- ↑ Powell, Mike (October 2013). "What You Get for $1,250,000". New York Times.
- ↑ Norman, Devan (September 12, 2013). "Boston's 4 Newest Luxury Buildings" (url). Boston Common Magazine. Niche Media.
- ↑ "Carucci of Group Boston Real Estate brokers sale of 4 Marlborough Street for $4.405 million". New England Real Estate Journal. January 2012. Retrieved October 3, 2016.
- ↑ "Carucci and Hinds of Group Boston Real Estate broker $3.2 million sale of 8,580 s/f mixed-use". New England Real Estate Journal. New England Real Estate Journal. December 2011. Retrieved October 3, 2016.
- ↑ "Carucci of Group Boston Real Estate sells 231-units to Winn". NY Real Estate Journal. July 2011. Retrieved October 3, 2016.
- ↑ 10.0 10.1 "Real Estate Deals". necn.com.
- ↑ 11.0 11.1 "Real Estate: What You Should Know About Buying or Investing in a Home". bostoncommon-magazine.com.
- ↑ 12.0 12.1 Van Voorhis, Scott (May 9, 2016). "Greater Boston suburbs seeing home prices cool off, sometimes by a lot". Boston.com. Boston Globe Media Partners. Retrieved October 4, 2016.
- ↑ 13.0 13.1 Goodison, Donna (March 7, 2015). "The blizzard of 2015 - and the storms that followed - were enough to make most Bostonians rethink their parking situations". The Cape Cod Times. The Boston Globe. Retrieved October 4, 2016.
- ↑ 14.0 14.1 "Boston Developers Continue to Build on the Waterfront but Take Account of Sea Level Rise". Homeland Security News Wire. October 2014. Retrieved October 3, 2016.
Buyers worry about “whether the developer is going to finish the project, how strong is the project financially, and am I going to get what I paid for, but nothing remotely related to environmental issues,” said Michael Carucci, president of Group Boston Real Estate
- ↑ 15.0 15.1 O'Leary, Janice (June 10, 2007). "https://mail.google.com/mail/u/0/?tab=wm#inbox/157926dc508516ce?compose=1578fc57dd85125b%2Cnew&projector=1" (PDF). Boston.com. Boston.com. Retrieved October 4, 2016. External link in
|title=(help) - ↑ 16.0 16.1 "United States v. Carucci". Find Law. Thomson Reuters. April 13, 2004. Retrieved October 3, 2016.
- ↑ TChris (April 4, 2014). "Money Laundering Convicton Reversed". Talk Left. Retrieved October 4, 2016.
- ↑ Murphy, Shelley (February 26, 2010). "Boston Financial Guide". Boston Financial Guide. Retrieved October 4, 2016.
- ↑ Stacey Alcorn (21 September 2016). "Michael Carucci - The Real Deal". huffingtonpost.com.
- ↑ Alcorn, Stacey (9 January 2015). "Boston Real Estate Tycoon's 5 Easy Steps for Marketing to the Affluent". entrepreneur.com.
- ↑ Van Voorhis, Scott (October 4, 2014). "Boston's Rising Tide Isn't Dampening Development". RealEstate a Boston.com Site. Boston.com. Retrieved October 3, 2016.
But talk of rising oceans over the coming decades is too remote for most buyers, Carucci noted. In a heated market where competition for available units is fierce, especially for condos with waterfront views, buyers already have their hands full, he said. Seaport condos “are moving at a very rapid pace – they are selling north of a thousand dollars a square foot,’’ Carucci said.
- ↑ Acitelli, Tom (February 2015). "Top Boston Real Estate Brokers 2014". Boston Curbed. Vox Media. Retrieved October 3, 2016.
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