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.
CEO and founder of the Island Capital Group LLC, Andrew Farkas, was recently recognized by Real Estate Forum’s 70th Anniversary Commemorative issue as a leader who has made a significant impact on the industry and will continue to do so for years to come.
Real Estate Forum’s September 2016 issue features special anniversary coverage as the magazine celebrates its place in the real estate industry for the past 70 years. The largest component of the anniversary coverage, entitled The Elite, profiles 70 individuals the magazine’s editors believe to be the most innovative and influential leaders in the real estate industry.
As one of the world’s most successful real estate entrepreneurs and investors, Andrew Farkas lands on Real Estate Forum Magazine’s list of Elites with other heavy hitters like David Rockefeller, Conrad Hilton, and Ethan Penner. Certainly a worthy recipient of this prestigious honor, Andrew Farkas has been a force in the industry since founding Insignia Financial Group Inc. in 1990. During his tenure at Insignia, Farkas was responsible for growing the company to the largest owner and operator of multifamily real estate and among the largest owners and operators of commercial space in the United States. When Insignia merged with AIMCO in 2003, it was among the top three global leading commercial real estate service firms.
Since then, Andrew Farkas has founded and managed several successful private real estate businesses. In 2003, Farkas founded Island Capital Group LLC, a real estate merchant bank, and continues to serve as its managing member, chairman, and CEO. Additionally, Andrew Farkas is also the CEO at C-III Capital Partners and CEO at Anubis Advisors; all of which the Island Capital Group LLC owns controlling interests in.
During the past week, billionaire commercial real estate investor Andrew L. Farkas has formally announced the merger of C-III Realty Services and NAI Global. The companies have been informally affiliated since 2012. This combination does not involve C-III Asset Management, another big section of C-III Capital Markets, which will remain a separate entity.
The C-III Realty subsidiary will be renamed NAI Global Capital Markets Group and will focus on providing support for NAI Global. NAI will absorb C-III Realty’s 25 capital markets brokers and other experts located at the main offices in New York, Dallas and Nashville. C-III Realty has the capability to conduct loan, debt, equity, industrial, hotel, retail and office business all over the world. This will help NAI Global achieve their goal of increasing visibility as it plans to grow in the U.S. and abroad. This merger puts the two companies under one name allowing for seamless delivery of all the services they individually provided.
In the last 5 years, NAI Global has completed more than 2,000 investment deals totalling $16 Billion. Included in this calculation is $6 billion worth of sales from C-III Realty Services. Jay Olshonsky, the president of NAI Global, believes that this merger will increase sales and provide a huge brand endorsement for current membership firms which can now reap the benefits of a world-class investing firm.
Andrew Farkas, the founder of C-III Capital Markets, was the main broker behind this deal. Farkas was also the Founder of Insignia Financial Group and sits on the board of NAI Global. He has years of real estate experience and is constantly making deals to expand his influence and disseminate his knowledge.