Farkas Subsidiary Announces Merger of NYC Firm
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.