Jay Olshonsky, President of NAI Global, recently delivered some helpful advice to new and seasoned professionals working in the commercial real estate space at a Certified Commercial Investment Member Institute event.
As commercial real estate’s most influential professional organizations, the Certified Commercial Investment Member (CCIM) Institute works to help professionals in the space adapt to the ever-changing industry and elevate its members to the highest level of success in the commercial real estate profession through various events and educational programs. Becoming a member of the CCIM Institute enables professionals to further develop their skills and utilize the network as a platform to connect and exchange ideas among other members.
During a recent CCIM Institute event, NAI Global President, Jay Olshonsky, offered some advice for not only new professionals in CRE, but also for seasoned veterans in working in the space. New professionals just getting into CRE were advised to seek out organizations, like CCIM, for support, training or just someone to team up with. Additionally, Olshonsky prescribed the seasoned pros to adopt new methods and activities, like embracing new technologies to aid in commercial real estate efforts.
NAI Global is currently the largest network of independent commercial real estate firms in the world. Shortly after C-III’s acquisition of NAI Global, Jay Olshonsky was appointed to President of the massive firm. Prior to serving as President of NAI Global, Olshonsky was the Executive Vice President and Chief Operating Officer of NAI Global New York City, one of the company’s member firms. Olshonsky’s 25-plus years of experience in the field provides NAI Global the knowledge and expertise needed to continue to guide the company to further success.
In 2012 NAI Global was acquired by C-III Capital Partners, one of the world’s leading real estate investment companies. Founded by Andrew Farkas in 2003, a successful real estate entrepreneur and investor, the company engages in several industry activities including fund management, loan origination, principal investment and much more. Since C-III’s acquisition of NAI Global, the parent company has been able to expand their offerings and provide enhanced services to
the commercial and institutional real estate markets.
NAI Horizon, a member firm of NAI Global located in Phoenix, recently released a list of their top 10 producers in 2016.
Ten well-deserving NAI Global agents recently grace the firm’s annual list of top producers. Representing a wide array of sales types, the group reportedly produced a total of $275 million in transitions in 2016. Ranging from investment sales to retail and industrial, the list certainly highlighted the diverse work NAI Horizon does. The list’s transactional total as well as the broad range in product type is a testament of the firm’s overall success and health in Phoenix’s real estate industry.
Established in 1992, NAI Horizon provides a full range of real estate services and specializes in several commercial property types including industrial, healthcare, office, investment sales and more. With over 30 years of local expertise in Arizona and over 150 years of combined property management experience, NAI Horizon has become the area’s premier real estate services firm.
Joining NAI Global as a member firm in 2012, NAI Horizon is now a part of the world’s largest networks of owner operated commercial real estate brokerage firms. With over 400 offices in 54 countries, NAI Global builds their global strength with successful, local firms, like NAI Horizon. Since being founded in 1978, NAI Global has grown exponentially and now its network of member firms offer broad spectrum of activities including corporate, financial, technology and project management services.
In 2012 NAI Global was acquired by C-III Capital partners, a commercial real estate services company. Similar to NAI Global, C-III also engages in several real estate activities like loan origination, fund management, principle investment and more. The premier real estate services firm was first founded by Andrew Farkas in 2010 as a wholly-owned subsidiary of Island Capital Group.
NAI Hiffman, a regional partner of NAI Global, turned heads in 2016 as the firm earned several notable awards in the real estate industry and Chicago area.
Established as a regional partner of NAI Global in 1985, NAI Hiffman is a full-service commercial real estate brokerage firm that offers leasing, management and investment sales representation for owners and occupiers of commercial real estate in the Chicago market. Under the management of NAI Global, NAI Hiffman has grown to be Chicago’s leading provider of third-party real estate management services.
NAI Hiffman closed out the 2016 year with a bang as the firm received several distinguished awards. In early December 2016 Dan Leahy and Adam Roth, top NAI Hiffman brokers, won the Industrial Broker Transaction of the Year award at the National Association for Industrial and Office Parks Chicago’s 29th annual Awards for Excellence ceremony. Leahy and Roth won this prestigious award for their work during the Mars/Wrigley transaction, as both brokers were responsible for the eventual national consolidation of warehouse operations and location decision of the facilities.
The Chicago-based NAI Global firm also received recognition from Crain’s Chicago at the end of December 2016, as the weekly business newspaper named NAI Hiffman among the largest real estate brokers and office leases in suburban Chicago. Gracing the list as number eight among the largest real estate brokers in leases and number nine among the largest real estate brokers in sales, NAI Hiffman has certainly proved to be a force in the Chicago real estate market.
With 6,700 local market professionals managing over 380 million square feet of property, NAI Global has grown to become the single largest global network of owner-operated commercial real estate brokerage firms in the world. In 2012 the firm was acquired by C-III Capital Partners, a commercial real estate services company led by entrepreneur and investor Andrew Farkas. The acquisition allowed both firms to offer an even broader range of real estate services and add value to each. And with over 375 thriving offices, like NAI Hiffman, located all over the world and managing leadership from Farkas’ C-III, NAI Global will continue to rank highly among other commercial real estate services competitors.
The International Realty Group recently joined the NAI Global network as the company’s newest member firm.
Established in 1994 by Jeremy Hurst, the International Realty Group has grown to become the Cayman Island’s leading integrated real estate provider. Boasting an impressive team, the International Realty Group is known for delivering high quality results and services to their clients. The International Realty Group specializes in a wide range of professional real estate services, from residential and commercial to investment and development.
IRG kicked off 2017 with a bang as they joined NAI Global as an affiliate member in mid-January. As a current member of both the Luxury Portfolio and the Leading Real Estate Companies of the World networks, becoming a member of NAI Global only creates more opportunities for IRG to improve business and serve clients. Now as NAI Global’s newest member firm, IRG’s commercial property division will be now co-branded as NAI Cayman.
Operating with more than 375 offices and 6700 local market leaders, NAI Global is the single largest global network of owner-operated commercial real estate brokerage firms. With such a massive international presence, NAI Global is able to provide all kinds of real estate solutions and services everywhere in the world with their owner-operated member firm network. This network enables NAI to deliver local market leadership and expertise to their clients. Now with their newly established presence in the Cayman Islands, NAI Global can apply their prestigious network’s expertise to the Caymanian real estate market.
In 2012 NAI Global was acquired by C-III Capital Partners, a premier commercial real estate services company founded by Andrew Farkas in 2003. As one of the world’s most successful real estate entrepreneurs and investors, Farkas has founded and managed several private real estate business and overseen and guided multiple major acquisitions. As the Chief Executive Officer and founder of C-III Capital Partners, Farkas was instrumental in the company’s seamless acquisition of NAI Global.
C-III Capital Partners LLC, one of the world’s leading real estate investment companies, has seen a very busy, yet successful, 2016 year.
Engaging in a wide range of activities, from primary and special loan servicing and loan origination to fund management and principal investment, C-III has been providing its clients with innovative real estate equity and debt solutions since the organization’s inception in 2010. As one of the US’ premier commercial real estate services and investment management company, C-III is known for its long record of value creation and extensive experience in the industry.
In May 2016, C-III announced its plan to acquire Resource America, Inc., an asset management company that specializes in real estate and credit investments. Completed in September, the acquisition of Resource America, Inc. has allowed C-III to reposition itself in the market, as the company is now able to provide commercial real estate debt and equity solutions to both institutions and retail investors.
In addition to their major acquisition of Resource America, Inc., C-III also made several noteworthy purchases in 2016. C-III purchased the Fairway Office Center in August and the Centurion Tower in September, both of which demonstrate the company’s attraction to Class A office buildings in South Florida. Paying a grand total of $78.5 million for both buildings, C-III has officially established a strong presence in the office real estate industry in South Florida.
While C-III’s principal place of business is in Irving, Texas, the company also has offices in New York City, New York, Nashville, Tennessee, Princeton Junction, New Jersey, and Dallas, Texas. C-III also boasts an impressive leadership team, stocked full of accomplished and diversely-experienced men and women committed to fulfilling the company’s mission.
Among the leadership team is Andrew Farkas, founder and Chief Executive Officer of C-III Capital Partners LLC. As an integral part of C-III leadership team, Farkas has been the driving force behind the company’s continued success and expansion. Farkas has been an impactful leader in the real estate industry since 1990, when he founded Insignia Financial Group which is now one of the largest owner and operator of multifamily real estate and among the largest owners and operators of commercial space in the United States.
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