Harvard’s Hasty Pudding Institute Unveils New Clubhouse

Posted by on Jan 27, 2014

The Hasty Pudding Institute of 1770 is a social club for Harvard students, originally established to bring together undergraduates in friendship, conversation and camaraderie.   The institute – comprised of The Hasty Pudding Club, Hasty Pudding Theatricals, and Harvard Krokodiloes – cut the ribbon on its new headquarters at the historic Hyde-Taylor House at 96 Winthrop St.  The dedication ceremony was presided over by Hasty Pudding chairman and “Grand Sphinx” Andrew Farkas, who spoke to a crowd of undergraduates and alumni, including Cambridge Mayor David P. Maher.

“This is the culmination of four years of work to reconstitute the Hasty Puddings Institute of 1770, and it is gratifying in the extreme to see it come together,” said Andrew Farkas. Dean of Freshmen Thomas A. Dingman, Dean of Student Life Stephen Lassonde, Dean of the Faculty of Arts and Sciences Michael D. Smith, and Dean of the Humanities Division Diana Sorensen were all also in attendance at the club’s opening.

The Hasty Pudding Club is known as the oldest collegiate social club in the country and has, over the years, spawned offshoots in the Theatricals and the Kroks a capella group.  The three recently merged into a single entity who will share this new home, the sixth in the institution’s more than two centuries of existence.

“It is going to be a space for study, a space for socializing, a space for camaraderie, rehearsal, performance, and fun,” Farkas said.  Michael D. Smith noted his “admiration for everything Andrew [Farkas] does” in his own remarks at the opening and encouraged students to enjoy the facility.  The student leaders of the institute expressed their enthusiasm for the new clubhouse as well.  Club President Matt G. Wardrop ’15 referred to the new headquarters as “an exciting catalyst,” and said that he appreciated that it will bring “all of the different parts of the Institute together under one roof.”

The Pudding is currently the only social club on campus that has members from all four years and is coed.  Membership to the social club is gained through a series of lunches, cocktail parties, and other gatherings, which are referred to as the “punch process.” The club counts five U.S. Presidents (John Adams, John Quincy Adams, Theodore Roosevelt, Franklin Delano Roosevelt, and John F. Kennedy) among its noteworthy members.

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Andrew Farkas Named on Observer’s Power 100

Posted by on May 21, 2013

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.

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Commercial Observer Names Andrew Farkas to Top 50 List

Posted by on Mar 5, 2013

Andrew Farkas was listed seventh on the Commercial Observer’s list of the top 50 most important people in commercial real estate finance. Farkas is CEO of C-III Capital Partners and was recognized for the acquisition of NAI Global, which was completed in January 2012. This acquisition gave C-III access to an additional 5,000 real estate professionals.

C-III Capital Partners offers real estate equity and debt solutions by engaging in a wide range of activities, including loan origination, primary and special loan servicing, principal investment and fund management. C-III has offices in Texas, New York, South Carolina, Virginia, Illinois and Tennessee.

The Observer considered brokers and lenders, but the majority of the professionals listed are lenders because they ultimately control the money and make the final deal happen. The list was compiled by speaking to people in the industry, consulting lists of top producers and looking at banks that are most active. Although not everyone on the list is based in New York, the focus is on the New York tristate region.

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