March 6th, 2013
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).
December 19th, 2012
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.
September 13th, 2012
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.
June 15th, 2012
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.
February 23rd, 2012
The dedication ceremony for Farkas Hall was held on February 10th. Harvard graduate Andrew Farkas was in attendance and enjoyed performances by the Harvard Krokodiloes and the Radcliffe Pitches during the cocktail reception. At the close of the ceremony, Andrew spoke about his time at Harvard and his father, Robin Farkas who graduated from Harvard in 1954. The theater was recently renamed Farkas Hall in honor of Robin Farkas. To commemorate the event, Sandi Goff Farkas, Andrew’s wife, presented him with an elaborate miniature of Farkas Hall.
After the reception, the Hasty Pudding Club put on a special performance, HPT: 164: There Will Be Flood. Parts of the play included several Farkas-related jokes. The Hasty Pudding Club was founded in 1770 and is the nation’s oldest social club.
Andrew Farkas is the Chief Executive Officer of C-III Capital Partners, a provider of innovative real estate equity and debt solutions, and Island Capital Group, the controlling parent of C-III. Island Capital Group’s portfolio companies currently own and/or manage approximately $150 billion in assets.
February 6th, 2012
C-III Capital Partners recently completed the acquisition of NAI Global. C-III Capital Partners, led by CEO Andrew Farkas, provides innovative real estate equity 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. NAI Global, based in Princeton, New Jersey, is the world’s leading managed network of more than 300 commercial real estate firms and provides technology, management, marketing and corporate services support to its members and clients.
With 350 offices in the United States and 55 countries across the globe, NAI Global’s network includes 5,000 professionals. It will continue to operate under its current management as a separate company.
“The completion of this transaction represents a significant step forward in our strategy to build a fully diversified commercial real estate services company,” said Andrew Farkas. “With the NAI Global acquisition, we are gaining the world’s leading commercial real estate network and a tremendous foundation for future growth. As we begin a new year, we look forward to partnering with the NAI team to provide enhanced services to the commercial and institutional real estate markets they serve as well as continuing to take advantage of other opportunities to grow and expand our platform.”
November 16th, 2011
Earlier this week, C-III Capital Partners publicized the acquisition of two affiliated multifamily property management businesses – Pacific West Management and U.S. Residential Group. C-III Capital Partners (C-III) offers real estate equity and debt solutions through a broad range of activities. Pacific West Management (PWM) is based in Irvine, California and U.S. Residential Group (USRG) is based in Carrollton, Texas. PWM and USRG manage around 24,000 multifamily units located in 12 states.
“The USRG and PWM acquisitions represent C-III’s next step in creating a fully diversified commercial real estate services company,” said Andrew Farkas, CEO of C-III. “With the same leadership team that built Insignia, C-III is focused on building a diversified real estate services company designed to meet the demands of all constituents in the commercial real estate industry in today’s environment. We are confident that USRG, its management team and its strong client relationships will make valuable contributions toward achieving C-III’s goals, and we look forward to serving USRG’s clients and enhancing and expanding the services C-III and USRG can provide to them.”
As a result of the acquisition, PWM and USRG will operate as one unit under the U.S. Residential Group name. Alan Fenstermacher will continue to lead the current management team.
October 31st, 2011
Andrew Farkas has endowed Harvard University’s New College Theatre in honor of his father, Robin Farkas. To thank him for his generosity, Harvard is renaming the theater as Farkas Hall. Andrew Farkas served as the Hasty Pudding Club president for two years before receiving his bachelor’s degree in economics in 1982. The Farkas Hall is home of the Hasty Pudding Club and the Hasty Pudding Theatricals, which are the nation’s oldest social club and college theater group.
“My Harvard experience was amongst the most formative and significant in my life,” said Andrew Farkas. “My times at the Hasty Pudding were amongst the most joyful and memorable. That generations of Harvard students will learn, grow, and flourish in Farkas Hall, in the building that has been the ancestral home of the Pudding and all of the organizations it has spawned, is a great privilege for the Farkas family. To know that the space will be preserved for use by those organizations, and that it will also serve to incubate the creative skills of Harvard’s emerging talent, is extremely gratifying.”
Andrew Farkas serves as Chairman and Chief Executive Officer for C-III Capital Partners, a real estate investment company. He is also Chairman and Chief Executive Officer of Island Capital Group, a leading real estate merchant bank that is the controlling parent of C-III Capital Partners.
October 17th, 2011
C-III Capital Partners, an affiliate of Island Capital Group, is set to become a significant stakeholder in Grubb & Ellis with Colony Capital, Grubb & Ellis announced today. Grub & Ellis has entered into exclusive negotiations with a subsidiary of C-III Capital Partners regarding what it called “the strategic transaction.”
A C-III affiliate also will invest $10 million in Grubb & Ellis through the expansion of the company’s existing $18 million credit facility with Colony Capital and purchase $4 million of Colony’s existing facility.
Andrew Farkas, chairman and CEO of C-III Capital Partners, said the agreement would put Grubb & Ellis on firmer footing.
“C-III Capital Partners and Colony have the capital base and industry expertise necessary to bolster Grubb & Ellis’ client offerings,” Farkas said.
Read the original article on The Real Deal.
October 14th, 2011
Sandi Goff Farkas, wife of Andrew Farkas, created the Playwrights of New York (Pony) Fellowship. This fellowship provides an apartment to live in for a year and a monthly stipend to help support emerging playwrights. As a playwright herself, Sandi noticed many great ideas weren’t getting written into screenplays because of the lack of support, which Pony now offers.
Andrew Farkas, CEO of C-III Capital Partners, helped Sandi create the fellowship by buying an apartment for the playwrights receiving the fellowship to live in. Farkas also asked 12 friends for $2,500 each “to support a playwright for a month.”
On Tuesday, October 11, Sandi Goff Farkas was awarded the first ever Lark Risktaker Award for the creation of Pony. The event was held at the Midtown offices of the Lark Play Development Center. A previous recipient of the Pony Fellowship, Katori Hall, who wrote the play “The Mountaintop”, was at the event to give Sandi her award. Katori’s play started at the Lark in 2007 and opened on Broadway this week.