The New York Observer released its Power 100 list and Andrew Farkas was named #17. There were 167 on this year’s list and 40% of those people work in the ownership and development sectors. This clearly indicates that real estate professionals are on a buying spree and the value of land is bouncing back. The other professionals listed are architects, attorneys, financiers and politicos.
Andrew Farkas is chairman and CEO of Island Capital Group (ICG) and C-III Capital Partners, a controlled affiliate of ICG. C-III controls 40% of Centerline Capital Group. These three firms offer a broad range of real estate investment services, including special servicing, affordable and conventional multi-family lending services, management of $2 billion of invested capital across four debt funds, and loan origination. Last January, C-III acquired NAI Global, which gave C-III access to 5,000 more real estate professionals.Read More