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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Posted by admin on Dec 22, 2017
In the wake of Hurricanes Irma and Maria, Andrew Farkas has joined the Virgin Islands Hurricane and Resiliency Advisory Group, which will help guide reconstruction and resiliency efforts in the territory.
The advisory group is composed of local officials and community members, in addition to business and environmental experts, as well as thought leaders from the United States.
The committee has at its disposal $1.4 million to aid relief efforts, which was collected through United States Virgin Islands recovery.
Under the guidance of Virgin Islands Governor Kenneth Mapp, the expert committee will perform hurricane damage assessments, and outline potential risks the VI could face within the next 30 years. The committee will also focus on developing long-term security and economic recovery in the VI, with attention to making the area’s infrastructure, homes, and businesses more resistant to future storms and natural disasters.
More in-depth areas of focus for the committee include the ongoing development and implementation of USVI response and recovery efforts, the streamlining of coordination and leverage of funding and volunteer efforts, a coordinated economic recovery plan, keeping track of federal disaster assistance funding and private donations, and policy recommendations and guidelines to increase the USVI’s resilience in the face of natural hazards.
Andrew Farkas has considerable interest the United States Virgin Islands, most importantly its recovery and growth after the recent string of hurricanes that have hit the territory. Farkas is the chairman and CEO of Island Capital Group, an industry-leading real estate merchant bank headquartered in New York City.
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