NAI Global

Subsidiary of Farkas’ C-III Wins EEA Project Award

The massive and highly-anticipated Lavina Mall in Kiev, Ukraine was recently named Retail Project of the Year by the Eastern European and Asia Real Estate Forum and Project Awards.

The Eastern European and Asia Real Estate Forum and Project Awards is an annual event hosted by the Ukrainian Real Estate Club and Europaproperty.com. The event has been known as the market benchmark for real estate success in Eastern Europe and Asia and is the only commercial real estate event cover Azerbaijan, Belarus, Georgia, Kazakhstan, Moldova and Ukraine. This year, more than 250 real estate market leaders in the region convened in Kyiv, Ukraine and enjoyed discussion panels and presentations focused on investment and development opportunities.

Spanning over two days, the 2016 EEA Real Estate Forum and Project awards featured over 15 guests speakers and recognized 11 of the year’s best real estate projects in the region. Award categories ranged in focus from best hotel and residential complex to best renovation and innovation project in 2016. Among the many award recipients was the Lavina Mall, the official winner of the event’s 2016 Retail Project of the Year Award.

As the region’s largest entertainment center, the Lavina Mall is unlike any other retail project. In additional to 500 retail stores, the Lavina Mall also offers guests an amusement park, water park, cinema and over 50 restaurants to choose from. Coming in at a staggering 1.8 million square feet, the Lavina Mall is expected to yield 100,000 visitors a day.

Lavina Mall’s official leasing agent, NAI Ukraine played an instrumental role in the project’s success. By July 2016, occupancy under contract was already at 60%. As the Ukrainian representative network of NAI Global, NAI Ukraine offers a series of real estate services ranging in investment brokerage to development.

NAI Global, a global network of owner-operated commercial real estate brokerage firms, was recently acquired by C-III Partners, a commercial real estate capital markets firm. Under the leadership and guidance of C-III’s CEO and founder, Andrew Farkas, the acquisition of NAI Global was successfully completed in January 2016.

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.

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.

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