Joe Cayre is the founder and Chairman of Midtown Equities.
Cayre built his holdings in the media and entertainment industry. In the 1970's he founded Caytronics, which became one of the largest Spanish record and music publishing companies in America. Shortly thereafter, he and his brothers co-founded Salsoul Records, which prospered to become a major independent disco music label.
In 1984, Cayre followed that enterprise with the creation of GoodTimes Entertainment, a movie licensing and production company that distributed video programs to all 50 states and every major developed country in the world. He served as president and CEO of the company for 16 years, during which time he established an enviable management team, engineered low cost production, computerized the distribution system, pioneered new concepts in programming and introduced innovative marketing displays for GoodTimes products. In 1990, GoodTimes was named "Vendor of the Year" by Wal-Mart.
Cayre also co-founded GT Interactive Software Corporation, which he took public in 1995. The company developed and distributed entertainment and educational games and software, including household favorites such as Doom, Duke Nukem and Quake, among others. The company served as executive supplier to Wal-Mart, Target and Kmart. Similar to GoodTimes, GT Interactive was also honored with Wal-Mart's "Vendor of the Year" award.
In 2000, Cayre founded Midtown Equities to begin expanding and actively managing his previously acquired real estate holdings.
Midtown Equities has since become a well-recognized name in real estate investment and development in today's marketplace, with current real estate holdings that include retail, commercial and residential developments across the country. Cayre went on to develop Midtown Miami - a $2.3 billion mixed-use community rising in the heart of Miami, and acquired five million square feet of retail and office space in Washington, D.C., among other projects. Cayre developed the Ritz-Carlton Residences, Inner Harbor Baltimore, the world's first entirely residential Ritz-Carlton property. Cayre, in partnership with RXR Realty, is developing the Ritz Carlton Residences in North Hills, Long Island, NY as well as The Steel Point Development in Bridgeport, CT, a multimillion square foot mixed-use development in partnership with RCI Marine Inc. His most well-known asset is the joint acquisition with Larry Silverstein and the Goldman families of a 99-year lease on the World Trade Center in New York City. At $3.2 billion, the acquisition represented the largest real estate transaction in New York City history.
Cayre has since diversified in supporting real estate related services. Cayre co-founded CORE group marketing, which has become a leading name in residential brokerage in New York, and acquired and repositioned Boston National Settlement Services, which has grown to be a premier settlement service company in the industry.
Cayre is a leading New York philanthropist, serving on the boards of several organizations and charitable institutions including his own global philanthropic foundation "The Joe and Trina Cayre Foundation."