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.
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.
Andrew Farkas, Chairman and CEO of Island Capital Group and CEO of C-III Capital Partners, was ranked #16 in The New York Observer’s annual Power 100 list. The Power 100 includes New York City brokers, developers, attorneys, politicos, landlords and lenders who worked hard, won awards, and received promotions. The Observer took note that C-III Capital Partner’s purchase of NAI Global gave Farkas access to 5,000 more real estate professionals. It also brought him one step closer to achieving his goal of building a fully diversified commercial real estate services company.
C-III Capital Partners provides innovative real estate and debt solutions and is engaged in a wide range of activities, including loan origination, primary and special loan servicing, fund management, and principal investment. It’s headquartered in Irving, Texas, but also has offices in New York, South Carolina, Virginia, Illinois, and Tennessee. C-III is a controlled affiliate of Island Capital Group.
Island Capital Group (ICG) is an international real estate merchant bank headquartered in New York City. ICG is also involved in a broad range of activities, including investment management, principal investment, consulting services and development, and financial advisory.