C-III Capital Partners

Honest Buildings Completes Series B Round

Project management platform Honest Buildings recently closed its Series B funding round after raising $30 million, bringing the total amount raised to $48 million. Over a dozen partners contributed to the funding, including C-III Capital Partners, which was founded by Mr. Andrew L. Farkas.

Honest Buildings is a mission-driven company founded in 2012 by real estate professionals who were frustrated with the outdated technology they were using. The company is proud to have built a platform for real estate owners by real estate owners. It uses data-driven technology to help clients efficiently meet project deadlines while remaining within their budget.

Honest Buildings has already worked with several prominent real estate companies, helping them overcome challenges related to profitability and productivity. The Series B round of funding was specifically focused on improving the current technology’s functionality as the volume of their projects continues to increase. Honest Buildings will use the money to develop a new offering that uses data to manage clients’ spending. The company also plans on doubling its staff in the upcoming year to better serve its growing client base.

This investment aligns with the goals of C-III Capital Partners and its leadership. Mr. Andrew Farkas has been the Chairman and CEO of C-III since its inception in 2010, and has made C-III a leader in the real estate and asset management industry. C-III has several subsidiaries, allowing it to be involved in investment management, asset management, and commercial mortgages, among others. This investment in Honest Buildings demonstrates their commitment to improving the real estate industry while also delivering high returns for their investors.

Two New Investors Join C-III Capital Partners in Series B

Altus Group Limited and QuadReal have recently joined C-III Capital Partners in investing in a project management platform especially for real estate owners. The platform, Honest Buildings, has raised $43 million up to this date and includes other well-known investors such as Brookfield Property Partners, DivcoWest Real Estate, The Durst Organization, Oxford Properties Group and Rudin Ventures. Andrew L. Farkas is the Chairman and CEO of C-III Capital Partners, a well-established commercial real estate services company.

Honest Buildings has recently brought its total raise to $25 million through an investment in Series B. The raise was brought upon due to the addition of Atlus Group and QuadReal. The former is a leading global provider of software, data and technology-enables expert services, while the latter is an independent organization that is focused on maintaining and expanding bcIMC’s portfolio,

Given the mission of both Atlus Group and QuadReal, the investments made by these two companies diversifies the current investors in Series B, which includes C-III Capital Partners. C-III prides itself in the fact that it owns and manages commercial and industrial real estate throughout the company. Its CEO, Andrew Farkas, is also the CEO of parent company Island Capital Group (ICG).

C-III is pleased to be one of the many investors of Honest Buildings, which is the only project management platform built for and backed by real estate owners. This new investment is a reflection of Honest Building’s reputation amongst real estate project management platforms.

C-III Acquires Property in Metropolitan of West Denver

C-III Capital Partners, a commercial real estate services and asset management company under the leadership of Andrew L. Farkas, has recently partnered with Cress Capital to acquire Union Towers in Lakewood, Colorado.

Located at 165 South Union Boulevard, Union Towers is a 10-story, 210,000 square-foot office building. It’s also within walking distance from public transit station Federal Center. C-III and Cress Capital finalized this purchase in early December of 2017 for $25 million.

Minutes away from shopping centers and several restaurants, West Denver is expected to see tremendous growth in the near future. This is extremely beneficial for its residents, who have been experiencing increased living costs downtown and longer commutes.

C-III is excited about the potential of this acquisition. A company that already owns properties in major cities in the United States of America, C-III is eager to help communities such as West Denver thrive in every way possible. With over 20 years of experience, this company has a rich history of managing real estate across the country. Aside from owning property globally, C-III also owns properties in major cities such as Dallas, New York, and now Denver.

Andrew L. Farkas is a leader in real estate and finding new opportunities for thriving areas like Lakewood. As the CEO of C-III, Andrew Farkas has made sure that this company advances in the world of commercial and real estate services. His passion for philanthropy and his support of various charities reflects his desire to help various communities reach their full potential.

C-III Capital Partners Asset Curbs Pollution

A property in Suisun City, California owned by C-III Capital Partners was recently outfitted with new storm drain filters and screens to curb pollution to the Suisun March.

The Heritage Shopping Center was selected for the upgrade because it is considered a hot spot for oil leakage, and C-III Capital Partners wanted to work with the city to solve the pollution problem.

Funding for the upgrade came from a competitive grant that Solano County applied for and received through CalRecyle to battle the improper disposal of used oil. The county will put the grant towards a used oil and filter collection program for rural areas, as well as a bilingual multimedia campaign to encourage recycling.

The city plans to install a series of retractable storm drain screens and storm drain inlet filters to other properties to better catch refuse before it reaches the Suisun Marsh. The city also plans to install socks filled with an absorbent to collect oil that leaks from parking lot vehicles. The newly installed screens and filters at the Heritage Shopping Center will be maintained regularly.

The Suisun Marsh is the largest brackish water marsh on the West Coast, and is a critical part of the San Francisco Bay-Delta estuary ecosystem. The marsh also serves as resting and feeding grounds for tens of thousands of migrating and wintering waterfowl, and also provides a habitat for more than 221 species of bird, and more than 40 species of fish.

C-III Capital Partners is a leading commercial real estate services company. Under the leadership of chairman and CEO Andrew Farkas, C-III Capital Partners continues to expand its capabilities and assets, like the newly-outfitted Heritage Shopping Center.

Farkas’s C-III Capital Partners Joins Start-Up Investment

C-III Capital Partners joined a group of investors in a fundraising effort for a project management start-up called Honest Buildings. The project management platform compiles data for property owners to make construction projects more efficient.

The investor group, led by Brookfield Property Partners LP, raised $13 million for Honest Buildings with the goal of helping the platform establish an industry-leading standard to provide large property owners greater clarity in construction practices.

Honest Building curates a database that gives property owners access to cost savings through greater wealth of information that is sometimes still compiled on paper spreadsheets.

Honest Buildings founder and chief executive officer, Riggs Kubiak, said the database has increased the net operating income for companies using the platform by increasing project speed and reducing the cost of construction. The organization surveyed 60 clients in 2016, and discovered that the companies collectively saved about $100 million.

According to consultants McKinsey & Co, the commercial construction industry is among the least digitized sectors globally, which underscores the low productivity and consistent cost overruns and downtime the industry experiences.

Annually, $10 trillion is spent worldwide on construction-related goods and services, according to McKinsey.

Kubiak said the start-up plans to move abroad to Canada first, and then other countries alongside Brookfield.

This investment by C-III Capital Partners aligns with chairman and CEO Andrew Farkas’s past strategic efforts within the organization, which have provided an impetus for growth and various acquisitions that have expanded the organizations capabilities. Under the leadership of Farkas, C-III Capital partners has become an industry-leader in asset management and commercial real estate services.

Farkas Subsidiary Appoints New President

Shifts in leadership are cause for excitement. C-III Asset Management LLC announced that Barry Davis will be the new president. This announcement comes after former president Kevin Donahue recently decided to step into an advisory role to spend more time with his family.

Davis served as the Chief Operating Officer of C-III Asset Management since 2011. Davis is skilled in the realm of real estate, with a wealth of leadership experience. Davis also has background in the loan servicing that C-III provides. There is plenty of faith in Davis’ ability to handle this new role well. President of C-III Capital Partners Frank Garrison stated, “We are fortunate to have someone of Barry’s caliber ready to seamlessly step into the role of President. I have the utmost confidence that his extensive industry experience and operational expertise will help position our business for future growth.”

Davis will be joining Senior Managing Director, Lindsay Wright, and General Counsel, Jenna Unell on the executive management team. With more than 20 years of experience, this team will ensure that the transition in leadership is smooth.

Mr. Davis joined the C-III team back in 2010 when Centerline’s servicing business was acquired by C-III. Davis served as Chief Operating Officer at two other organizations before beginning his tenure at C-III and Centerline, and has decades of experience in related jobs.

C-III Asset Management is one of the largest loan servicing companies in the United States. The company is a subsidiary of C-III Capital Partners which specializes in real estate equity and debt solutions. C-III Capital Partners is a subsidiary of Andrew Farkas’ premier merchant banking company, the Island Capital Group.

Farkas’ C-III to be Sponsor for IREI’s 2017 Flagship Event

Just before the close of the 2016 year, Institutional Real Estate, Inc. (IREI) announced C-III Capital Partners LLC as a sponsor of their 2017 flagship event, Visions, Insights & Perspectives Americas (VIP America).

Founded in 1987 by Geoffrey Dohrmann, IREI is a consulting services firm that provides the real estate industry and infrastructure investors with information, insights, and decision-making tools through its publications, conferences and databases. Among the many conferences and events hosted by IREI throughout the year is VIP Americas, the firm’s flagship event and known for its unparalleled industry content that inspires candid dialogue, new ideas and exclusive networking opportunities.

Taking place at the Park Hyatt Aviara Resort in Carlsbad, California on January 25 – 27, 2017, IREI’s VIP Americas event will play host to a multitude of industry professionals like investment managers, investors and consultants. Focused on offering attendees an excellent networking platform, VIP Americas’ attendees will enjoy an environment that fosters relationships with a marketing-free conference and a ratio of 3 managers to every 1 investor.

Taking place over the course of 3 days, event-goers will have an opportunity to attend breakout sessions, roundtable discussions, keynote addresses and panels. Boasting a list of impressive real estate industry sponsors, VIP Americas is shaping up to be one of IREI’s most successful events.

One of the most notable of the many event sponsors is C-III Capital Partners LLC, a commercial real estate services company. First founded by Andrew Farkas in 2010, C-III is known for its ability to provide clients with innovative real estate equity and debt solutions as well as its successful track record of value creation and longtime experience in the industry. Under the guidance and vision of Farkas, C-III has grown exponentially since its inception and established a strong global presence in the real estate industry.

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.

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.

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