Farkas’ Executive Managing Director to Serve on ULI Jury

Jury members serving the Urban Land Institute’s New York chapter will soon convene to vote on the finalists they believe to be the most deserving of the prestigious 2017 Awards of Excellence in Development.

The New York chapter of the Urban Land Institute (ULI), a nonprofit research and educational organization specializing in development and real estate, is schedule to host their second annual Awards of Excellence in Development gala on April 3, 2017 at Gotham Hall in New York City. This prestigious award is reserved for outstanding developments in the state of New York that demonstrate the high standards of development ULI is committed to and outlines for its members.

­­­­First founded in 1936, ULI is a global organization supported by its members that strives to provide the development and real estate industry with leadership in responsible land use and the creation of sustainable communities. Operating within the ULI organization, the New York chapter’s mission is to provide the state with a forum that upholds the Urban Land Institute’s commitment to these best practices and policy for sustainable land use.

As ULI New York’s second annual Awards for Excellence in Development gala draws near, the awards’ jury will begin to review all submissions in an effort recognize development projects in New York State that best exemplify and embody ULI’s commitment to creating sustainable communities and responsible land use. Finalists will be determined and notified by the jury by December 14, 2016 and then winners will be recognized and celebrated at the gala in April 2017.

Winners of the award will be determined by the official Awards of Excellence in Development jury, which is made up by several long-time ULI members whom all specialize in a wide array of professions in the development and real estate industry. Among the twelve men and women of the jury is Robert Lieber, ULI’s New York chairman and long-time, established member of the organization.

Lieber also serves as Executive Managing Director for C-III Capital Partners and Island Capital Group, both of which are visions of Andrew Farkas and are engaged in real estate services and investment management. As one of the most successful professionals in real estate and investment management, Farkas has founded and managed several major organizations in the industry. Farkas kicked off his career when he founded Insignia Financial Group Inc. in 1990, which eventually became the largest owner and operator of multifamily real estate. Now Farkas is manages a portfolio of business and recently earned a spot on Real Estate Forum Magazine’s list of Elites.

C-III Secures Class A Office Building in Palm Beach

After almost a decade of ownership, TA Realty has sold its Centurion Tower to C-III Capital Partners for $26 million, at just about $181 per foot.

The Real Deal recently reported C-III Capital Partners LLC (“C-III”) purchased West Palm Beach’s Centurion Tower from TA Reality for $26 million. Boasting 14-stories, 143,966 square feet, and a 5-story attached parking garage, the Centurion Tower is one of West Palm Beach’s most desired office spaces. The tower offers its renters 24-hour security system, on-site leasing and property management and 24/7 building access. And as one of only a few Class A office buildings in the esteemed Palm Beach Lakes area, C-III’s attraction to the Centurion Tower comes as no surprise.

In fact, the purchase of the Centurion Tower is C-III’s second South Florida Class A office purchase in the last few months. Just in August, county records noted that C-III was an affiliate buyer of the Fairway Office Center. Similar to the Centurion Tower, the Fairway Office Center is also a Class A office complex and offers first-class amenities like parking and security.

Founded by Andrew Farkas in 2010, C-III Capital Partners is a leading commercial real estate service and investment and management company. Engaging in loan origination, principle investment, and fund management and primary and special loan servicing, C-III is known for their extensive experience and track record in the industry. Serving as C-III’s Chief Executive Officer, Farkas has been the driving force behind the company’s fast-paced growth and overall success. Under Farkas’s strategic leadership, C-III has completed several note-worthy acquisitions which continue to expand the company’s capabilities. In addition to his development and involvement with C-III Capital Partners, Andrew Farkas is also the CEO at Island Capital Group, CEO at Anubis Advisors and Chairman at Island Global Yachting.

New Vice Chairman of NAI Board Named

Jeremy S. Larkin was recently named Vice Chairman of the NAI Global Members’ Leadership Board. Larkin, who was one of the founding members at NAI Miami, has plans to enhance the depth and breadth of the brand and take the NAI Global platform forward. He hopes that his efforts will grow their market share and profitability, making them an even larger player within the industry. Larkin has received several prestigious awards during his time at NAI Miami including the 2016 CoStar Power Broker Award and the South Florida Business Journal’s 2014 Power Leaders in Commercial Real Estate. With years of experience in the industry and a track record of success, Jeremy Larkin was an intelligent selection for the board.

NAI Miami is a commercial real estate organization that aims to deliver the best service to their clients by utilizing the organization and model of NAI Global, their parent company. Leveraging the NAI Global network allows NAI Miami to provide their clients with a much braoder service, and meet their growing needs, giving them an advantage over their competitors within the industry.

NAI Global, is the single largest network of owner-operated commercial real estate brokerage firm in the world. The company provides a wide range of services including brokerage and leasing, real estate investment, global supply chain consulting and more. NAI Global has more than 375 offices located throughout the world giving them the ability to create such an expansive response for their clients.

In 2011, NAI Global was acquired by C-III Capital Partners LLC, a commercial real estate services company. C-III is involved in a broad range of activities, including primary and special loan servicing, fund management and principal investment. This allowed both companies to diversify the services that they provide. C-III is a controlled affiliate of the Island Capital Group LLC, a global real estate services company which was founded and is led by Andrew Farkas. Farkas was also the founder, chairman and CEO of Insignia Financial Group, Inc.

2016 Lipsey Commercial Real Estate Survey Ranks NAI Global in Top 5

Every year, The Lipsey Company, a leading training and consulting firm specializing in the commercial real estate industry, ranks the top 25 commercial real estate brands worldwide. Over 100,000 industry members casted a vote in this survey through means of ballots, phone interviews and / or focus groups. This allowed Lipsey to capture both quantitative and subjective information about the industry. The Lipsey Company was established in 1980 and this is the 15th year anniversary of the Lipsey’s Top 25 Brand Survey. 

In the 2016 Lipsey Top 25 Brand Survey, NAI Global was ranked number four. This excellent ranking is a huge success for NAI Global, proving that their hard work and growth is being recognized by their industry peers. The company has been moving closer to the top of the rankings for the past few years and continued this trend this year, earning its best ranking yet. NAI Global is a commercial real estate company that is independently owned and operated. It is also the only independently owned company ranked within the top ten. As the largest and most powerful global network of owner-operated brokerage firm, NAI Global provides creative solutions in the commercial real estate industry to help consumers buy, sell, lease, finance, or manage commercial properties.

In 2011, NAI Global was acquired by C-III Capital Partners LLC, a commercial real estate services company. C-III is involved in a broad range of activities, including primary and special loan servicing, fund management and principal investment. C-III views NAI Global as a strategic acquisition because it allows C-III to diversify its services. C-III is a controlled affiliate of Island Capital Group LLC, a global real estate services company which was founded and is led by Andrew Farkas. Farkas was also the founder, chairman and CEO of Insignia Financial Group, Inc. Andrew Farkas has been very successful in his career, and this excellent ranking for NAI Global further enhances Farkas’ image in the industry.

Santa Clarita Market in the Sights of NAI Capital

NAI Capital’s strong foothold in the Southern California commercial real estate market is strengthening as expansion is still a priority for their local offices. NAI Capital’s Valencia office is seeking to continue its constant growth and unmatched reputation of being the largest firm in the region.

NAI Capital is looking to get a head-start in an area that is presenting as a future Southern Californian real estate hub. This potential stems from the quantity of undeveloped land in the Santa Clarita Valley. Typically, in the San Fernando Valley it is necessary to deconstruct to be able to construct, whereas in the Santa Clarita Valley, there is the ability to save time and money by constructing on undeveloped land. As the region grows, more opportunities will arise for larger commercial buildings and factories due to the large amount of space available in the region.

Yair Haimoff, executive vice president and branch manager of the Valencia office, has high hopes for the area as three industrial parks are set to begin construction by the end of the year. With the construction of those parks, he sees the Santa Clarita Valley as a great opportunity to work in and even live in. New homes are being built, which leads to businesses potentially moving in as well. Haimoff also recognized the low crime rate, little to no graffiti and a newer community as all positive factors to residential and commercial development in the Santa Clarita Valley.

NAI Capital is a member of the NAI Global network of over 375 offices. Each owner-operated commercial real estate brokerage firm is encouraged to work together and take advantage of the global resources offered to them. NAI Global was acquired by C-III Capital Partners while under the direction of Andrew Farkas in 2012. Farkas is currently CEO and Chairman of C-III.

Stephanie Brock Named President of U.S. Residential Group LLC

U.S. Residential Group LLC (USRG) has named Stephanie Brock, an industry veteran in property management, as their new President. Ms. Brock will manage all aspects of the company which currently is responsible for 40,000 apartments.

Al Fenstermacher, who Ms. Brock has replaced, will stay within reach of the company and serve as an advisor in the Office of the Chairman. There has been some other management position movement around the corporation, including C-III Capital Partners LLC’s own Mr. Geoffrey Woodward, who has been placed in the position of Chairman of the Board. USRG is an affiliate to C-III Capital Partners LLC.

Ms. Brock remarked that USRG has made great progress as an industry leader through their commitment to customer service, diverse client base and lastly their team of experts. Ms. Brock’s experience includes developing seven new markets for Riverstone Residential Group and re-creating a presence in Houston, Denver and Phoenix for Trammell Crow. More recently, she was a Senior Managing Director at Greystar Real Estate Partners, before moving to the U.S. Residential Group.

U.S. Residential Group LLC, with offices located throughout the country, has over 30 years’ experience in all types of economic environments. This fee-based firm helps manage professional real estate services to the owners of multi-family properties throughout the United States. The Andrew Farkas lead C-III Capital Partners LLC has overseen USRG since their acquisition of the firm in November 2011.  In addition to C-III Capital Partners, Mr. Farkas is the Chairman and CEO of Island Capital Group and CEO of Anubis Advisors.

Stephen Nostrand is Named New CEO and COO of NAI Miami

NAI Miami, which was recently ranked 20th in Business Journals “Top Real Estate Brokerages list”, has elected Stephen Nostrand to take the roles of chief executive officer and chief operating officer. Nostrand leaves his position as CEO of Coillers International South Florida to take on the spot at NAI Miami. Former CEO, Jeremy S. Larkin and former COO, Edward L. Schmidt will be taking responsibilities as Co-Chairmen, members of the board and lastly will overlook NAI Miami’s executive committee. Schmidt and Larkin’s new outlook will be based around strategic growth initiatives and revenue production. Larkin had some kind words, he was quoted as saying that Mr. Nostrand is the most qualified person for the job.

Nostrand earned his BS in Business Administration from University of Denver’s, Daniels College of Business and has since gained over 35 years’ experience in development and finance, commercial real estate operations, leasing, sales and management. At his previous position as CEO of Colliers International South Florida, Nostrand was leader of their client service platforms area. He is also an adjunct professor at the University of Miami, where he is a part of the Real Estate Development and Urbanism Master’s Program.

In a press release Nostrand expressed what a great opportunity it will be to work with top commercial real estate business owners, such as these.

NAI Miami is a real estate firm based out of Miami and the Florida Keys. NAI Miami is a member company of NAI Global, which is a network of owner-operated commercial real estate brokerage firms.  Each member is independently owned while related financially to the NAI Global brand. The NAI Global brand also provides technology and tools for their member companies to use.  NAI Miami is just one of 375 offices worldwide.

NAI Capital Names Timothy Foutz as New CEO

NAI Capital, based out of Encino, LA has appointed Timothy Foutz as their new chief executive officer. Mr. Foutz is an experienced broker with more than 40 years’ under his belt. He graduated from USC in 1970 and began his real estate career with Grubb & Ellis in LA and after 23 years of service, left in 1994 to become a partner of NAI Capital. A number of former Grubb & Ellis affiliates have also joined the NAI Global network; offices in Wichita, Alabama and Mississippi.

Some of Mr. Foutz’s career highlights include; leasing a 160,000 square foot Eaton Corp. property in Westlake Village, to Packard Bell Computers, which he later sold on behalf of Eaton to an investor to be developed into a community center and high school. He was also a key player in the sale of 30 acres of land, also in Westlake Village, where Dole Foods has since established their international headquarters.

Mr. Froutz is replacing current CEO Bob Scullin, who took the position in December 1993. Mr. Scullin’s wife, Cathy, is staying on as an NAI broker with the firm. Froutz has stepped in because he loves the company and believes he can do a good job at keeping the firm on track after Mike Zugsmith, long-running chairman, recently stepped down due to illness.

NAI Capital is a member company of NAI Global, a network of wholly-owned, independent commercial real-estate firms. The member companies work together and support client needs across state and country borders. There are over 160 offices and 6,700 brokerage professionals world-wide and each office is local market leader and deeply rooted in their community. NAI Global is owned by Andrew Farkas’s company, C-III Capital Partners.

Positive Picture Drawn by NAI Global Member’s Conference

NAI Carolantic Realty held its annual real estate conference in Raleigh, NC this week. The president of NAI Carolantic addressed attendees with a positive outlook on the next five years. Mr. Barnes believes that all going well, the market should hold strong through 2019. He does warn of a potential blip in the market in 2020 and asked the crowd of real estate professionals to be mindful of that. He also suggested that now is a good time to sell income-earning properties and take advantage of the current interest rates.

NAI Global’s Economist, Peter Linneman cautioned the attendees against an over confidence in the high price apartments trend we are seeing. He warned that with over 7,000 additional apartments due to enter the market in both 2015 and again in 2016, that apartment vacancies are expected to increase. He believes that millennials will start to buck the trend and instead opt to buy their own property instead of paying thousands each month to rent.

Barnes and Linneman also agreed that open-plan offices might be on the way out, with employees appreciating a private office more than other perks currently being offered. Now that the economy is picking back up and the jobs market is following, there is due to be higher competition for good workers, and offering a private office might just be the tipping point.

NAI Carolantic is a member company of NAI Global, a worldwide network of independently owned real estate firms. The company manages the network and supports the collaboration between member companies. It is owned by C-III Capital Partners, LLC and was acquired under the direction of their CEO Andrew Farkas in 2012.

Nebraska Member Company of NAI Global Launches New Website

NAI FMA Realty, the locally-owned member company of NAI Global in Nebraska has recently launched a redesigned website at http://www.naifmarealty.com/. The President of NAI FMA, Drew Stange, is confident the new website will provide new and existing clients with easier navigation, improved functionality, and above all else, an enhanced access to their information.

The site reflects NAI FMA’s mission to provide up-to-date and accurate information about the marketplace to their clients. Stange wants to use this platform to share their knowledge and experience, to continue to excel and ensure they remain the leading provider of third-party real estate management in Lincoln.

The website has been designed to offer a more user-friendly experience, including a responsive design and with more focus being placed on services for client owners, tenants, developers and investors. This highlights NAI FMA’s expertise in commercial real estate in Nebraska. New visitors to the site will be able to quickly locate the information they are looking for, such as property listings they are interested in and types of services they wish to know more about.

NAI Global is a network of more than 375 locally-owned office locations across over 55 different countries. It is the most powerful network of commercial real-estate companies, and it gets its edge by having member companies that are firmly established in the local marketplace and can provide local knowledge and expertise to its clients. C-III Capital Partners LLC (C-III), bought NAI Global in 2012, under the direction of their CEO Andrew Farkas. Mr. Farkas also founded and was CEO of Island Global Yachting.

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