Andrew Farkas

Farkas Honored at TYWLS Breakfast

This year’s 2014 (Em)Power Breakfast was inspiring and successful. On October 15, more than 600 guests came together to praise the 2,200 girls served by The Young Women’s Leadership Schools (TYWLS) in New York City. The breakfast had four honorees to represent the confidence and determination each TYWLS student strives to mirror. These honorees included Idina Menzel, Dina Powell, Anna Quindlen and Andrew Farkas.

The Young Women’s Leadership Network was created to encourage students to use education to end the cycle of poverty. The network created The Young Women’s Leadership Schools to give at-risk students the educational tools they need to succeed. The schools are privately supported for sixth grade through twelfth grade. They are designed for girls who will be the first in their family to attend college. The TYWLS education model was constructed from intensive research into girls’ education and the array of challenges faced by students who come from families with low incomes. The organization opened in 1996 with a school in East Harlem. Today, there are five TYWLS schools in New York.

The honorees gave advice and insight to the students, as well as to the guests. The speeches included personal experiences, famous quotes and even emphasized the importance of making mistakes. Each honoree received a necklace by a gifted student from one of The Young Women’s Leadership Network Schools.

“I hope there’s one of those necklaces in that bag for me,” said honoree Andrew Farkas sarcastically.

The Young Women’s Leadership Network also has a program called CollegeBound Initiative. The program places full-time college guidance experts in public schools to work with students beginning in the sixth grade.

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.

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.

Andrew Farkas Attends the Farkas Hall Dedication Ceremony

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.

Harvard’s New College Theatre Renamed Farkas Hall

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.

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