Andrew Farkas was listed seventh on the Commercial Observer’s list of the top 50 most important people in commercial real estate finance. Farkas is CEO of C-III Capital Partners and was recognized for the acquisition of NAI Global, which was completed in January 2012. This acquisition gave C-III access to an additional 5,000 real estate professionals.
C-III Capital Partners offers real estate equity and debt solutions by engaging in a wide range of activities, including loan origination, primary and special loan servicing, principal investment and fund management. C-III has offices in Texas, New York, South Carolina, Virginia, Illinois and Tennessee.
The Observer considered brokers and lenders, but the majority of the professionals listed are lenders because they ultimately control the money and make the final deal happen. The list was compiled by speaking to people in the industry, consulting lists of top producers and looking at banks that are most active. Although not everyone on the list is based in New York, the focus is on the New York tristate region.
Andrew Farkas, Chairman and CEO of Island Capital Group and CEO of C-III Capital Partners, was ranked #16 in The New York Observer’s annual Power 100 list. The Power 100 includes New York City brokers, developers, attorneys, politicos, landlords and lenders who worked hard, won awards, and received promotions. The Observer took note that C-III Capital Partner’s purchase of NAI Global gave Farkas access to 5,000 more real estate professionals. It also brought him one step closer to achieving his goal of building a fully diversified commercial real estate services company.
C-III Capital Partners provides innovative real estate and debt solutions and is engaged in a wide range of activities, including loan origination, primary and special loan servicing, fund management, and principal investment. It’s headquartered in Irving, Texas, but also has offices in New York, South Carolina, Virginia, Illinois, and Tennessee. C-III is a controlled affiliate of Island Capital Group.
Island Capital Group (ICG) is an international real estate merchant bank headquartered in New York City. ICG is also involved in a broad range of activities, including investment management, principal investment, consulting services and development, and financial advisory.
From 2005 to 2007, Farkas Hall, previously known has New College Theatre, was being renovated. The six-story complex was originally built in 1888. Despite the modern updates to the interior, the building maintains its original façade and entryway. The theater is now a vibrant rehearsal, performance and learning space for undergraduates at Harvard. The 270-seat theater contains a moveable stage and state-of-the-art sound and lighting systems. Furthermore, there are classrooms, a dance studio and offices for student groups. The Hasty Pudding Lobby displays the club’s pivotal role at Harvard through plaques, posters and photographs.
The space has been both refreshed but preserved, “and that is wonderful,” says Andrew Farkas, who served as the Hasty Pudding Club president for two years. “This is the Hasty Pudding’s historic home.”
Andrew Farkas’ gift to the theater was in honor of his father, Robin Farkas, and to show appreciation for Harvard College and the Hasty Pudding Club. In regards to his father, Andrew said, “He has been my father, my mentor, my best friend, and my role model, and he talked me into choosing Harvard.”
Andrew Farkas currently serves as CEO of Island Capital Group and C-III Capital Partners. He is co-leading the 30th Reunion Class Gift Committee.