Fall Production to be held at Farkas Hall

The venue Farkas Hall is preparing to be the host for the fall performance “Bat Boy: The Musical.” The theatre will be welcoming audiences on opening night, November 14, until the last show on November 23.

Farkas Hall is a lively performance art space for Harvard students to grow and perform. Through funding from Andrew Farkas, Harvard Alumnus ’82, the theatre went through a major renovation and expansion. What once was a deteriorated 1888 structure was restored and turned into an inspiring and vibrant place for students to learn. The building was under construction from 2005 to 2007. Farkas Hall is now a 270-seat theater equipped with advanced lighting and sound systems.

“Bat Boy: The Musical” is an American Musical with a book by Keythe Farley and Brian Flemming. The music and lyrics are by Harvard alumnus, Laurence O’Keefe. Ally Kiley is directing the performance. The musical is about a young man who is half bat and half human. After numerous deaths in the boy’s hometown, neighbors begin to question him. The musical is mysterious, yet heartwarming and all intertwined with a big family secret.

The full ticket price is $12.00. Students, seniors (65+) and people with Harvard IDs can purchase tickets for $8.00. The shows begin at 7:30pm on Thursdays with repeat performances through Sundays, except one performance on November 23, which begins at 2:30pm.

For more information on ticket availability visit www.boxoffice.harvard.edu/Online/default.asp.

Source: OFA News

U.S. Residential Group Climbs Top Apartment Management List

U.S. Residential Group LLC, an affiliate of C-III Capital Partners run by Chairman and Chief Executive Officer Andrew Farkas, was once again deemed a top apartment management company in the United States. U.S. Residential Group LLC managed to jump the list 15 spots over the past year landing at rank #32, the largest move by any company on the list.

“While honored to be among the country’s top apartment management companies, I am very proud of our employees who have been able to maintain our standard of extraordinary results for our clients as we continue to grow our quality management company,” ” said USRG’s President Al Fenstermacher.

U.S. Residential Group LLC is a national full-service, fee-based multifamily management company for traditional and affordable communities. The company offers services ranging from marketing to contract administration. They combine the talents and expertise of experienced apartment professionals to develop strategies that best meet each client’s goals.

Clients of U.S. Residential Group LLC include pension funds, public companies, non-profits, public agencies, special servicers and private real estate investors. The company has corporate offices in California, Texas and Connecticut, as well as regional offices located throughout working areas.

C-III Capital Partners Services

C-III Capital Partners is a controlled affiliate of Island Capital LLC, which is a top real estate merchant bank. C-III Capital Partners is a national leader in investment management and real estate services. C-III Partners provides everything from debt solutions to real estate parity.

C-III Capital Partners can assist with commercial mortgage servicing (both primary and special servicing), commercial real estate lending, investment banking, property management, real estate brokerage and title insurance. C-III Asset Management LLC is a subsidiary of C-III Capital Partners. C-III Asset Management is a commercial real estate loan servicer (primary & special). C-III Asset Management is a special servicer for over $116 billion and primary servicer for $17 billion commercial real estate loans.

Andrew Farkas is the Chairman and Chief Executive Officer of C-III Capital Partners. Farkas is also the Chairman and Chief Executive Officer of Island Capital Group.

The main office for C-III Capital Partners is in Irving, Texas, but they also have offices in New York, South Carolina, Dallas, Tennessee, New Jersey and California.

Hasty Pudding Institute of 1770 Gala Honors David Heyman

The Hasty Pudding Institute of 1770 honored David Heymen, a big-shot in the film industry, known for producing “Gravity” and all of the Harry Potter films.  The organization includes Harvard’s only co-ed undergraduate social club, as well as the Krokodiloes (an all-male a capella group) and the Theatricals, a group comprised entirely of men in drag.  These performers made for a funny sight when they danced around some of the more prominent guests, including hedge-fund manager Dan Loeb, a long-time friend of Heymen.

Other famous attendees included J. Crew boss Mickey Drexler, buyout executive J. Christopher Flowers, and Neil Patrick Harris, the 2014 Hasty Pudding man of the year.  The presentation honoring Heymen included humorous videos starring famous actresses he had worked with in the past.  Sandra Bullock appeared, sitting in a car with her son, claiming not to know who Heyman was, while Emma Watson complained that Heyman always calls her Emily.

In true “Hasty” fashion, the evening was a quick one, according to the vision of the evening’s host, Andrew Farkas (Bloomberg), the Graduate Chairman and Grand Sphinx of the Hasty Pudding Institute. By 8:30, Farkas, who runs his own real estate investment firm, Island Capital Group, was encouraging the guests to move to the after-party.  Of course, he still managed to have time to acknowledge sponsors, eat some actual Hasty Pudding, and have a little fun at his own expense before moving the guests along.

In a rare serious moment of the evening, Farkas also highlighted the club’s philanthropic activities, which include making grants for arts education and encouraging satire, comedy and the cultivation of young talent.

S & P Gives C-III Above Average Ranking

Standard & Poor’s Rating Service recently evaluated C-III Asset Management LLC and announced that the company’s rankings were “above average” as a commercial mortgage primary servicer and “strong” as a commercial mortgage special servicer. Since its last review, C-III has made significant changes that have contributed to its success such as hiring a new chief information officer and enhancing the technology system.

C-III representatives stated that they credit the firm’s new overall rankings to its experienced staff, stable track record, effective systems and technology and sound audit and controls. The ranking also demonstrates C-III’s assets-per-asset manager ratios, strong internal controls to address compliance and potential conflicts of interest, and efficient resolutions based on both volumes and time.

According to S & P’s evaluation report, the positions of both C-III servicer rankings are stable. The report continues by explaining that the firm has a successful track record managing commercial and multifamily mortgage loans. Simultaneously, C-III has demonstrated its commitment to invest in technological resources and continuous process improvement, both of which have helped the company acquire positive rankings.

S & P attributes C-III’s organizational effectiveness and depth of staff to CEO, Andrew Farkas, an industry expert with over 26 years of experience; six managing directors who report to the president, chief operating officer and general counsel. When compared to similarly ranked servicers, C-III stands out with regards to staff experience and tenure levels.

As a result, S & P is confident that C-III has the ability to retain its experienced staff, invest in technology and maintain sufficient workloads in order to successfully manage the loan portfolio and serve its investor clients.

Andrew Farkas Named Among 50 Most Important People in Commercial Real Estate Finance

To compile its self-admitted subjective list of The 50 Most Important People in Commercial Real Estate Finance, Commercial Observer consulted various industry professionals and lists of top producers. Additionally, charts noting the most active banks were taken into consideration.

While an emphasis was placed on the New York tristate region, geography was not the only factor to come into play. When battling the question of who is more important among brokers or lenders, predictions for 2013 investments had to be considered.

“Brokers control the deals and the bankers control the money – and the money makes the deal happen,” one executive, himself a broker, told Commercial Observer. But then: “I feel like the brokers have the upper hand in the moment.”

As Chairman and CEO of Island Capital Group, Andrew Farkas was named number 7 on the list. Noting a “big year,” C-III Partners acquired NAI Global last year, as well as its 5,000 real estate professionals. The firm manages four funds totaling a $2 billion investment.

Hasty Pudding Institute & Andrew Farkas Honor Michael Lynton

At the Mandarin Oriental Hotel in Manhattan on Monday night, Sony Pictures Chairman and Chief Executive Michael Lynton was honored by Harvard’s Hasty Pudding Institute with the “Order of the Golden Sphinx” award. Lynton was chosen for this award because of his efforts supporting arts education while working at Sony, Time Warner, and Walt Disney.

“The award really embodies everything that’s really wonderful about being involved in the performing arts — what it does for the community, what it does for education,” said Andrew Farkas, chairman of Island Capital Group and Grand Sphinx of the Hasty Pudding Institute. “No one has done more of that in their career than Michael.”

Lynton earned his BA and MBA from Harvard and is the first Hollywood executive to be honored by the Hasty Pudding Institute. In 2010, his studio produced “The Social Network” which was set at Harvard.

Andrew Farkas was full of praise for Lynton: “I think that Michael has stayed very true to his own beliefs. For a studio executive to pander to nobody for anything is an extraordinary thing. He really doesn’t waver for anyone.”

There were 350 people that attended the dinner on Monday, which raised $1.5 million for the Hasty Pudding Institute. The event featured performances by the Krokodiloes (Harvard’s a capella group) and The Hasty Pudding Theatricals (Harvard’s all-male, cross-dressing theater troupe).

Andrew Farkas Will Host Event Honoring Michael Lynton

On March 4, 2013, Andrew Farkas, the Graduate Chairman and Grand Sphinx, will host a gala ceremony at Mandarin Oriental in New York honoring the CEO of Sony Entertainment, Inc., Michael Lynton. The Hasty Pudding Institute, which is the oldest collegiate club in U.S. that was founded in 1770 at Harvard, will present Lynton with the first Order of the Golden Sphinx award. The co-chairs include Leon and Debra Black, Richard Plepler, Barry and Mimi Sternlicht, William Lauder, Jamie Dinan and Elizabeth Miller, Bob Pittman, Andrea Olshan and Veronique Choa.

“There is no one more deserving of the first Order of the Golden Sphinx than Michael Lynton,” said Andrew Farkas, CEO of Anubis Advisors.  “Throughout his career he has demonstrated a deep appreciation and dedication to enhancing the arts through both personal commitment and arts education support.”

The Order of the Golden Sphinx is the highest honor given by the Hasty Pudding Institute to individuals in the entertainment industry that have given extraordinary contributions to the performing arts. Prior to Sony, Lynton held positions at Disney, Time Warner, Pearson plc, and AOL. Throughout his career, he has managed all aspects related to business of music, books, television and film. Lynton holds a BA in literature and history from Harvard College and an MBA from Harvard Business School. He now serves on the Harvard Board of Overseers.

Andrew Farkas Announces Hasty Pudding Clubs Merger

Earlier this week at Farkas Hall, Andrew Farkas announced that the Hasty Pudding Club, Krokodiloes and Hasty Pudding Theatricals have merged into one group known as The Hasty Pudding Institute of 1770.  The new conglomerate will be directed by two alumni and Andrew Farkas, who graduated in 1982 and is a former president of the Hasty Pudding Club.  During the announcement, Farkas explained that the merger signifies a testament to the clubs’ history together and a desire to combine their theatrical and social causes.

The Hasty Pudding Club was founded in 1770 and both the Krokodiloes and the Hasty Pudding Theatricals were established at the Club’s headquarters.  Individuals in the Krokodiloes and the Hasty Pudding Theatricals will now be given membership into the Club as a result of the merger.

A letter was sent to alumni of all three groups by the graduate advisory board of the Hasty Pudding Theatricals and Hasty Pudding Club. “We stand poised now to pursue a renaissance of our shared traditions, and to extend the Pudding’s recognition to new and exciting heights,” the letter read.

Last year, Andrew Farkas made a donation to Harvard which led to the renaming of the New College Theatre to Farkas Hall.

Andrew Farkas Featured in Crain’s New York Business

In 2011 and 2010, Andrew Farkas went on a buying spree in which he purchased two special servicers and landed a deal for NAI Global.  The special servicers manage $12.7 billion of distressed real estate loans.  NAI Global has 350 offices worldwide and is the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers.

“In chaos and complexity there is opportunity,” said Andrew Farkas, who once worked as a stock boy at discount chain Alexander’s, which was founded by his grandfather. “We want to recreate the business model of building a fully integrated real estate services company from the distress.”

Farkas split Centerline in two last year and bought its special servicing arm, which became the foundation of his new company, C-III Capital Partners.  In August, he bought the special servicing arm of JER Partners.  According to Trepp, the two companies now control 17.3% of the loan volume in special servicing.

“Where others saw toxic waste, Andrew saw opportunity,” said Bob Lieber, who is an executive managing director at Island Capital Group.

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