Posted by admin on Apr 20, 2018
C-III Capital Partners and NAI Merin Hunter Codman just secured an office building located in Sunrise, Miami. This acquisition was finalized at $19 million in October 2017.
The office building, named International Place II, is located at 1580 Sawgrass Corporate Parkway. It was previously owned by Realty Associates Fund VIII, a company based in Boston, Massachusetts. The property was built in 2000 and has several modern features including impact glass windows and an updated common area. International II itself is located on a 7.4-acre lot in the Sawgrass International Corporate Park.
The office park currently consists of well-known companies such as Ford, Fidelity Information Systems, AT&T, American Express, Harris Corporation, Xerox, and TicketMaster. A warehouse was purchased in 2015 from a medical equipment manufacturer. It is currently unclear what C-III Capital Partners has planned for International II.
C-III Capital Partners owns properties around the country in various cities, including New York, Denver, and Dallas. The purchase of International II solidifies both C-III and Andrew Farkas’ long-term goal of being an industry leader in the world of real estate. Already a philanthropist and strong supporter of various charities, Andrew Farkas continuously strives to do what is best for his company and other organizations. The purchase of International II reaffirms C-III and Andrew Farkas’ gratitude for being able to help other communities thrive and prosper.
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Posted by admin on Apr 3, 2018
Derek McLane, a Tony and Emmy award-winning designer, will receive the Order of the Golden Sphinx Award at The Hasty Pudding Institute of 1770’s 2018 gala, scheduled to take place on April 16. Andrew L. Farkas, a renowned leader in the real estate industry, is the Chairman of this Institute. Founded in 1795, the Hasty Pudding Institute is the comedy and satire performing arts organization located at Harvard University.
Andrew Farkas remarked on Derek McLane’s talent in the following statement: “Whether you’ve encountered Derek’s work on a Broadway stage or at this year’s Oscars, you’re sure to have seen it. And so we are privileged to present the Hasty Pudding Institute of 1770’s highest honor, The Order of The Golden Sphinx, to Derek McLane, a man who creates the striking visuals and impressions that stay with us long after a show ends.”
Not only is Andrew Farkas Chairman of the Hasty Pudding Institute, but his family is also a sponsor of the organization. In addition to the Hasty Pudding Institute, Andrew Farkas is also involved with Playwrights of New York (PONY).
Andrew Farkas is additionally well-known across the nation for his roles as CEO of Island Capital Group, C-III Capital Partners, Resource America Inc., and Anubis Advisors. All four real estate companies are dedicated to managing a diverse group of real estate services throughout the nation through the leadership of Andrew L. Farkas.
The Hasty Pudding Institute is excited for this year’s Order of the Golden Sphinx Award recipient, Derek McLane, to receive this honor at the Institute’s 2018 gala.
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Posted by admin on Jan 12, 2018
NAI Global, a subsidiary of Andrew Farkas’s Island Capital Group, announced its 2017-2018 NAI Leadership board.
The board will be composed of four groups: An Executive Leadership Committee, an Advisory Taskforce, a Strategic Leadership Committee, and a Past Chairperson’s Council. The board provides proactive leadership to increase NAI’s profitability, professionalism, technical capability, integrity, and standards of practice that create mutual trust and respect within the organization.
The Executive Leadership Committee will assure the alignment of company strategies, goals and objectives, allowing NAI to perform with the greatest possible efficiency under a shared vision. The Advisory Taskforce will implement the strategic initiatives of the Executive Leadership Committee, and assist the Strategic Leadership Committee in researching and vetting those strategies.
The main focus of the Strategic Leadership Committee is to create and vet initiatives that align with the goals of NAI Professionals. The Chairperson’s Council provides experienced guidance that is available to guide strategic discussions and initiatives.
The Leadership Board will also foster and promote activities, education and communication for NAI offices, agents, and the organization as a whole. The goal of these activities and education is to elevate the level of engagement and productivity of NAI members.
NAI Global is a leading global commercial real estate brokerage firm that annually completes more than $20 billion in commercial real estate transactions worldwide. Under the leadership of its Managing Member, Chairman, and CEO Andrew Farkas, Island Capital Group acquired NAI Global to expand its portfolio and increase its capabilities. The new NAI Leadership Board is an example of NAI Global’s commitment to being a top performer in its industry, by increasing productivity and efficiency company-wide.
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Posted by admin on Jan 5, 2018
NAI Global, a subsidiary of Andrew Farkas’s C-III Capital Partners, recently announced the merger of its New York City firm EVO Real Estate Group with Herald Square Properties.
The merged organization is now called HSP Real Estate Group, a wholly integrated, full-service real estate firm that will continue to represent NAI global in the NYC market. The expanded platform and experienced team will bring more business opportunities to NAI, according to Dana L. Moskowits, Partner of HSP Real Estate Group, originally from EVO Real Estate.
The firm will be headed by Principals Gerard Nocera and Michael Reid of HSP, and Ira Z. Fishman and Mosowitz of EVO. The combined, extensive knowledge of these principals on the local market and industry will inform success for the organization’s divisions of acquisitions, property management, asset management, construction management, and office and retail/hospitality leasing and sales.
Jay Olshonsky, president of NAI Global, expressed his excitement on the merger, and the combination of in-market strengths it provides. Olshonsky also expressed his confidence in the powerful bond of insights and execution created through the combination of both groups’ leadership.
The merger will allow NAI to increase the profitability, professionalism, integrity and skillset of the already thriving office in NYC. NAI will also promote activities, education, and communication that will encourage engagement between offices and agents, and HSP’s professionals.
NAI Global is a leading global commercial real estate brokerage firm that was acquired by C-III Capital Partners under the guidance of C-III’s chairman and CEO Andrew Farkas. The merger between EVO Real Estate Group and Herald Square Properties is an example of Farkas and NAI Global’s shared commitment to expanding the capabilities and portfolio of C-III Capital Partners and its subsidiary organizations.
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Posted by admin on Dec 27, 2017
Real Capital Markets, an organization acquired by C-III Capital Partners under the leadership of Andrew Farkas, published a report detailing expected industrial investment trends in 2018.
The healthy growth the industry has seen this year will continue next year, according to the report. Real Capital Markets found that 90.3 percent of brokers and investors believe that investment activity will remain comparable to current levels. 47.8 percent believe that activity will increase, even if just nominally.
The expected growth comes off a strong trend that began in 2011 with expansion in leasing, construction, and capital market sales. Demand currently outweighs supply in core markets, and according to respondents of the survey that will continue for at least another 12-18 months.
The report also identified a number of threats that investors and brokers see in the industry, which include overbuilding and oversupply, the lack of quality assets for investing, and the unrealistic expectations of sellers.
Respondents also identified a number of reasons that were impacting industrial investment the most. 37.4 identified e-commerce as having the greatest impact, with general economic strength following at 34.5 percent.
Pricing of industrial assets has remained strong for several years, and is currently hitting record levels in certain core markets.
Real Capital Markets was founded in 1999 and became the leading commercial real estate disposition platform for property and note sales. It enables to customers to market, manage and track assets throughout the entire real estate life cycle. Under the direction of chairman and CEO Andrew Farkas, C-III Capital Partners acquired Real Capital Markets to expand the organization’s assets, which in total now exceed $8 billion.
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