Earlier this month, NAI Hunneman outside of Boston closed on the sale of the 125 Hartwell Ave. property in Lexington, MA. The property was sold for $5.35 million to Eliot Community Human Services, Inc.
The team responsible for this monumental sale was made up of David Ross (executive vice president), Henry Lieber (assistant vice president), Gina Barrosa (assistant vice president), and Ian McKinley (senior associate). Together the team was able to bring the seller and buyer together in order to negotiate a successful deal.
The property is two stories and totals 38,277 square feet of luxurious office space. This is perfect for a large human services agency. The NAI Hunneman team believes that the Eliot Community employees will be extremely happy with this new headquarters space especially since it has easy access to the Rte. 128 highway as well as a variety of local amenities.
NAI Hunneman is a member of the NAI Global network of real estate firms. As a member of this international network, NAI Hunneman has access to all of the resources that NAI Global has to offer. The network of firms works together to ensure clients’ needs are met. NAI Global operates a network of nearly 7,000 real estate professionals around the world with a portfolio of over 425 million square feet of property.
NAI Global is a subsidiary of Island Capital Group, which was founded in 2003 by Andrew Farkas. In 2016, C-III Capital Partners, a subsidiary of Island Capital Group, acquired NAI Global. Farkas played a major role in this acquisition and viewed it as a way to diversify his company’s portfolio while also expanding into new markets.
Commercial Observer’s 50 Most Important Figures of Commercial Real Estate Finance is filled with prominent figures. This list recognizes those industry leaders that are making major strides in the real estate business. Commercial Observer is known as being New York’s premier authority when it comes to all things real estate.
This year, Andrew Farkas was listed at the number 30 spot. Dubbed the “king of a veritable real estate empire,” Farkas was featured on the Power 100 list last year. His hard work building Island Capital Group up and acquiring multiple subsidiaries (C-III Capital Partners, NAI Global and EVO) have caused him to land on this list multiple times.
Farkas’ C-III subsidiary has become one of the top 30 multifamily property managers in the United States. By expanding Island Capital Group with the acquisition of C-III, Farkas has been able to better serve his clients while also being able to provide more solutions to a wider range of clients.
Farkas’ reputation in real estate is long standing. Before building Island Capital Group, he graduated from Harvard with a degree in Economics. He then went on to serve as the CEO of Insignia Financial Group, Inc. It eventually became one of the largest commercial real estate services thanks to a merger with CB Richard Ellis in 2003.
That same year, Farkas took on the challenge of starting Island Capital Group in New York City. After establishing his company as a leader in the world of real estate, Farkas then went on to build up his next company, Island Global Yachting, in 2005. IGY specializes in luxury yacht marinas and properties surrounding them.
The San Fernando Valley Business Journal held its annual Real Estate Awards event. There, they named Jeremy Barbakow Broker of the Year for his significant sales and leases in the area.
With over eighteen years of real estate experience, Barbakow has made a name for himself in the San Fernando Valley. This year, he negotiated some of his largest deals all due to his hard work, perseverance, and according to his team, his relationship building skills. This year, he made numerous new and successful deals.
Barbakow is a member of NAI Capital, one of the largest members of NAI Global. NAI Capital is the largest full service commercial real estate firm in Southern California. They are a major player in the NAI Global network.
NAI Global is an international real estate brokerage network. With over 6,700 members around the world, they provide a full range of services to a variety of international clients. NAI Global manages over 380 million square feet of property across the globe. Their network is known for having outstanding real estate experts, like Jeremy Barbakow, around the world to help any client with their needs.
Andrew Farkas, the head of Island Capital Group, had his company’s affiliate, C-III Capital Partners, acquire NAI Global in 2011. This helped to diversify C-III’s portfolio and services. As a successful CEO of Island Capital Group, Andrew Farkas has been known to push his career further just as Barbakow has with this award. Both Barbakow and Farkas have each helped to solidify NAI Global’s reputation as a major industry leader.