Farkas Subsidiary Reports a Healthy 2016

Posted by on Feb 17, 2017

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.

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Farkas’ C-III Sees More Than Success in 2016

Posted by on Nov 23, 2016

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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Andrew Farkas Named an Elite among Other Real Estate Leaders

Posted by on Nov 7, 2016

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.

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Merging of Minds — Combination of C-III Realty Services and NAI Global

Posted by on May 17, 2016

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.

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Real Estate Investment Startup Cadre Very Successful

Posted by on Feb 22, 2016

Brothers, Jared and Joshua Kushner are pleased with their fast-growing real estate technology startup, Cadre. Cadre focuses on pairing clients with the appropriate real estate firms, in order to create a much more efficient way for these two parties to connect.

The startup industry has taken off within the last few years. Investors have increased the amounts they are willing to spend, thinking that startups are the way of the future. Investment totals have increased 36% from 2014 to 2015 (1.1 to 1.5 billion).

Cadre has been trying to get off the ground through investor funding. During the Series A funding round, Thrive Capital, founded by Joshua Kushner, and General Catalyst led the pack, generating 18.3 million for Cadre. Series A funding is the first noteworthy round of venture capital financing and involves the selling of prefered stock in exchange for an investment. More recently, Cadre raised 50 million dollars in the Series B round of funding. Series B funding is the next step in the funding process. This is an opportunity for investors to gain ownership in the company, in the form of common stock. Fundraising is a very crucial element to any start up and with this huge amount, Cadre will hopefully launch its business model soon. Among others, investors include big names such as Goldman Sachs and Yuri Milner. Information regarding which companies drove the Series B funding has yet to come out.

This startup has also captured the attention of big names in real estate such as Michael Fascitelli and Andrew Farkas. Fascitelli sits on Cadre’s investment committee and is a member of the Vornado Realty Trust board. Andrew Farkas, who is the founder of the Island Capital Group, and CEO of NAI Global, sits on the board of Cadre. He helps oversee the organization and provides feedback on company decisions. Farkas has years of real estate experience, and is a big name in the industry, so his support carries a lot of weight, proving that Cadre is a smart investment.

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NAI Capital Helps With Sale of Azusa Foothill Kennels Property

Posted by on Jul 30, 2015

In 1985, the Azusa Foothill Kennels was established. 30 years later, after a long history of service to the community through the rescue of local dogs and showing of champion level Boston Terriers, the property has been sold. The undisclosed buyer plans to renovate and eventually rent the building to a business that is pet oriented.

Marie Taylor of NAI Capital represented the buyer and the seller in the transaction. The undisclosed buyer mentioned that this is the second deal that Taylor and NAI Capital have made possible for both the buyer and the seller. Taylor went on to discuss the logistics of the property, highlighting the location as a great opportunity for a new or already operating pet service business. The site is ideal with over 360 thousand people living within a five mile radius. More benefits of the property include 9,754 square feet of kennel space and a 2,754 ingle family home. An estimated $5.25 billion will be spent on pet services in 2015, according to the American Pet Products Association, further sweetening this property for pet businesses.

Taylor is Senior Vice President of NAI Capital, a top commercial real estate firm located in Southern California. They currently have 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino, Ventura and Kern Counties. NAI Capital is a member of the NAI Global network that has over 375 local offices operated by 6,700 local professionals. NAI Global is owned by C-III Capital Partners and was acquired while under management of CEO and Chairman, Andrew Farkas.

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