NAI Global

NAI Global Lists Iconic Building for Sale

NAI Global, the global commercial real estate firm owned by Andrew Farkas, recently listed a unique property for sale. The building was formerly the headquarters of the Longaberger Company and is modeled as a 180,0000 square foot picnic basket. It is located in Newark, Ohio and cost $32 million when it was initially built in 1997.

The building has been called one of the most unusual and bizarre buildings in the United States. It has even been listed as one of the 120 greatest human constructions in the world in the Lonely Planets book “Amazing Architecture: A Spotter’s Guide.” In addition to its unique structure, it is also an ideal spot for offices or even a hotel. The seven-story building contains offices, conference rooms, a café, a theater, and a fitness center.

The building will be marketed by NAI Ohio River Corridor. NAI Global is an established leader in the commercial real estate industry, with more than 400 offices throughout North America, Latin America, the Caribbean, Europe, Africa and Asia. The company leverages both its extensive network and its local connections in order to provide solutions for clients’ real estate needs. NAI Global boasts an impressive history of serving leading corporations such as Citibank, Dow Chemical, and Coca-Cola Enterprises.

NAI Global exists as a wholly owned subsidiary of C-III Capital Partners. C-III, founded by Andrew Farkas, is a commercial real estate company that offers investment management, asset management, and commercial mortgages. With decades of real estate service experience, Mr. Farkas provides valuable insight to the leadership team at C-III and has successfully propelled the company to be a leader in the industry.

NAI Global Announces Office and Employee Community Service Award Winners

NAI Global has announced the winners of their Of the Community Awards during their annual Global Convention which took place in Austin, Texas last month.

NAI Cressy won the Of the Community Award for Office Recognition for its engagement and support of multiple organizations across Indiana and Michigan. This year, NAI Cressy celebrated their 70th year of business, and honored this milestone with a 70 Days of Giving Campaign, involving the entire company.

As part of the campaign, NAI Cressy gave back to many organizations they sit on the board for including: Downtown South Bend, Young Professionals Network, Combined Sewer Overflow Long Term Control Plan, Women’s Care Foundation, Fischoff National Chamber Music, Hospice Foundation, Marian High School, Leadership South Bend/Mishawaka, Big Brothers Big Sisters of St. Joseph County, The Music Village, Indiana Commercial Board of Realtors, Goodwill Industries of Michiana, South Bend Heritage Foundation, St. Margaret’s House, Woodlawn Association, Southwestern Michigan Economic Growth Alliance Inc., Indiana University South Bend and Business Development Corporation.

The individual employee award winner was Gretchen Miller of NAI Sioux Falls in South Dakota. Ms. Miller earned the recognition for her long-term commitment to the Lutheran Social Services of South Dakota Everyday Heroes Mentoring Program. She is in her eighth year of mentoring female students.

NAI Global honors employees and offices every year to encourage community evolvement and service. NAI Global is a subsidiary of C-III Capital Partners under the larger Island Capital Group.

NAI Global Adds Commercial Real Estate Service in Slovenia and Croatia

NAI Global has added commercial real estate services to their global portfolio through the addition of NAI Significa. NAI Significa is based in Slovenia’s capital, Ljubljana, and is one of the leading real estate offices in the country specializing in office, retail, industrial, and multifamily properties, as well as investment land and business valuation.

NAI Significa, which previously operated as Cenilna Druzba, will also serve neighboring Croatia from the Ljubljana office, until it plans to open an office in Croatia in 2019.

In the past year, NAI Global has continued to expand their portfolio both nationally, and internationally, with eight new U.S. offices and six new internal Offices in Austria, Brazil, Cypress, Puerto Rico and Saudi Arabia.

NAI Global is excited to expand their presence in Europe, specifically Slovenia. “While Slovenia is known for its mountains, ski resorts and lakes, it also has a thriving economy with strong demand for the types of commercial property, investors and occupiers we serve. We’re excited to have an expanded presence in Europe and particularly Eastern Europe,” said Jay Olshonsky, President of NAI Global.

NAI Global is a subsidiary of C-III Capital Partners and Island Capital, under Chairman and CEO Andrew Farkas.

NAI Global Adds New Partner in Des Moines

NAI Global, a leading commercial real estate brokerage firm, recently partnered with Iowa Realty Commercial. Iowa Realty will now operate as NAI Iowa Realty Commercial as it joins NAI’s network of more than 400 offices around the world, including several other brokerages in the greater Des Moines area.

“Iowa Realty Commercial is thrilled to have the opportunity to deepen our roots in this global organization,” said Kevin Crowley, who serves as general manager and COO of Iowa Realty Commercial.

Iowa Realty was a leader in the local real estate market prior to partnering with NAI Global, but the new alliance will allow it to grow even further. As a multinational firm, NAI Global provides its partners with best-in-class tools and unparalleled access to services and markets while still feeling local. It prides itself on providing clients with exceptional solutions from local leaders in their area. NAI services include buying, selling, leasing, financing, or managing commercial property in four different continents. With more than 7,000 employees across the world, NAI has successfully built a platform that is based on local leaders taking advantage of a global network, and it has resulted in nearly $20 billion of transactions annually.

NAI Global is a subsidiary of C-III Capital Partners, of which Mr. Farkas serves as Chairman and CEO. C-III’s principal activities are investment management, asset management, and commercial mortgages, but under Mr. Farkas’ leadership they have grown substantially. Subsidiaries such as NAI Global allow C-III to expand their capabilities and further secure their spot as a leader in the real estate industry.

NAI Charleston Acquires Historic Townhouse

NAI Global, a leading global commercial real estate and brokerage firm, recently acquired property in Charleston, South Carolina for $2.95 million. NAI Charleston is a franchise within NAI Global, which is owned by Andrew L. Farkas.

The property is located at 95 Broad St., and is known as the Major Peter Bocquet House. This townhouse is almost 250 years old and has just recently been renovated. Out of its four stories, floors one through three are 4,500 square feet and would ideally be used for office space. In addition to plenty of storage and many closets, this property boasts a 425 square foot area that could potentially be used for a storefront.

Situated on the east coast, Charleston is a very popular destination spot. 95 Broad St. is located in one of this city’s most renowned neighborhoods, and is in close proximity to the “Four Corners of Law.” This intersection is located at Broad and Meeting St., and is comprised of City Hall, Charleston County Courthouse, the Federal Courthouse, and St. Michael’s Church.

Although recently renovated, the property still retains many of its original features. These include fireplaces registered with the Federal Register of historic homes, a lime-washed exterior, a salon, and an original Georgian façade. This townhome is also an ideal spot for events as it can host between 50 and 80 people.

Due to its excellent location and many features, the purchase of 95 Broad St. makes this property an ideal addition to NAI Global’s diverse portfolio. NAI Global is a subsidiary of C-III Capital Partners, which is owned by CEO Andrew Farkas.

NAI Global Makes Top 5 in Lipsey’s 2018 Survey

NAI Global, a subsidiary owned by Andrew L. Farkas, was recently ranked number four in Lipsey’s Survey of Top 25 Commercial Real Estate Brands of 2018. This survey was led by 100,000 professionals in the commercial real estate world, proving that it was an extremely extensive and well thought out process. Andrew Farkas owns C-III Capital Partners, a fully-diversified asset management and commercial real estate services company that owns NAI Global.

C-III Capital Partners acquired NAI Global in 2011 and has since worked in conjunction with the company to obtain real estate across the country. As a company that offers a variety of services and solutions to its clientele around the world, it’s no surprise NAI Global was featured on Lipsey’s Survey of Top 25 Commercial Real Estate Brands.

The survey itself mentioned NAI Global’s strong regional and global presence in real estate. More specifically, it referred to the fact that this company has more than 7,000 local market professionals and over 400 offices in North America, Europe, Africa, Latin America, the Caribbean, and Asia Pacific.

In addition to this, the Lipsey report recognized Dorit Makovsky Fischer as a veteran when it comes to NAI Global. A member of the company since 2002, Dorit works closely with property in Denver, Colorado.

Steve Pastor Re-elected as NAI Global’s 2018 Chair

NAI Global continues to grow with the introduction of a new member on its industrial council. The new member, Steve Pastor, will be the chair of NAI Global’s Industrial Council for the year of 2018. Pastor is currently the Vice President of NAI James E. Hanson, a full service commercial real estate firm. NAI Global is a subsidiary of CEO Andrew L. Farkas’ C-III Capital Partners.

This is the fourth year in a row Hanson has been chosen as NAI Global’s Industrial Council Chair. This company boasts more than 400 offices in continents such as Latin America and Europe. Steve Pastor is currently the team leader of NAI Global National Logistics & Ports/Rail Practice Group, and has a plethora of experience in the real estate industry. For example, he was the Vice President of CBRE for 19 years, where he focused on industrial properties. Not only does this make him a well-qualified chair of NAI Global’s Industrial Council, but also an integral part of NAI Global as a whole.

The main purpose of the council is to promote services and innovation amongst NAI Global’s firms. Other council chairs include J.C. Casillas, Arthur Milston, and Alex Waddey, to name a few. Together, this council will strive to foster best practices within NAI Global and amid its customers. With this being said, the council also opens up the opportunity of unifying its customers and professional leaders.

NAI Global is a subsidiary of C-III Capital Partners, which was brought under Andrew Farkas’s leadership in 2010. Farkas serves as C-III’s Chairman and Chief Executive Officer. Andrew Farkas will continue to foster growth within both C-III Capital Partners and NAI Global with a strong council board.

NAI Global Reports Healthy Growth in Real Estate Sector

The second quarter of 2017 saw an impressive demand when it came to the real estate industry. This includes retail, office, and industrial real estate throughout 21 markets in the United States. This is good news for companies such as NAI Global, a subsidiary company of C-III. C-III is owned by Andrew L. Farkas, a well-known leader in the world of real estate.

This steady growth was a major turnaround from the quarter before. Specifically, net absorption for industrial real estate rose to 71.8 million square feet, which is up by 1.2 million from the quarter before. This is great news for properties owned by NAI Global and C-III alike, which exist around the country.

As far as office real estate goes, 19 markets experienced an increase in rent. The only two exceptions were the New York and Chicago markets. On the other hand, the retail estate industry saw an increase in rent across all 21 markets by first 1.6% and then 1.8%.

The FRICs, SIOR, and President of NAI Global expressed his enthusiasm his enthusiasm about this progression in real estate: “Sustained positive trends are an encouraging sign for investors looking for stable returns,” Jay Olshonsky said. NAI Global and C-III are enthusiastic to see where this growth will take their companies.

This could not have been done without the expertise and guidance of NAI Global and C-III’s leadership. In particular, Andrew Farkas has put forth tremendous effort to see that both his companies and the real estate community thrive equally well. With the recent acquisition of properties in Denver and Miami, the forecast for C-III certainly looks positive.

NAI Global Affirms Real Estate Markets’ Growth

NAI Global, owned by Andrew Farkas’s C-III Capital Partners, says that the United States retail, office, and industrial real estate markets experienced robust demand in the second quarter of 2017. Rising rental rates and sustained low vacancy generated a sound economic foundation in the United States’ top 21 markets.

NAI Global’s president Jay Olshonsky said investors can expect steady returns in the second half of 2017, due to sustained, positive economic trends and data.

The industrial sector saw net absorption rise in nine markets and fall in 12, but nationally, net absorption in the industrial sector rose from 70.6 million to 71.8 million square feet. Rents rose by 1.6 percent, but vacancy remained near 20-year-lows in the industrial sector, decreasing by 5.1 percent.

The office sector experienced a third consecutive quarter of 9.6 percent vacancy, continuing the trend of 10-year-lows. Nationally, rents saw a marginal decrease.

The retail sector experienced steady net absorption, construction, and vacancy, as well as a 1.6 percent growth in rents. Vacancy remained at 4.8 percent, seen in three of the last four quarters.

Olshonsky also said that the continued construction and deliveries exemplify a steadily growing investment environment, with another quarter of low volatility and reliable returns.

NAI Global is a leading network of independent commercial real estate firms, and was acquired by C-III Capital Partners in 2011 under the direction of Chairman and CEO Andrew Farkas. C-III Capital Partners is a commercial real estate and asset management organization, founded in 2010 by Farkas, and continues to expand its platform and portfolio both organically and through acquisition.

Farkas Subsidiary Implementing New Technology

In today’s real estate market, having a competitive edge is imperative. NAI Tampa, a member of the NAI Global network, has partnered with the marketing firm Buildout to help make their business dealings more effective.

Buildout created new online resources and apps for NAI. The new services allow NAI to automatically create and deliver documents upon request to a client. Since NAI has clients all across the globe, this helps with different time zones.

Along with website and digital upgrades, brokers are now implementing drones into their usual tools. The video captured by drones allows clients to see exactly how the property looks and what the surrounding area is like. They also allow for tours of a property.

While a drone tour is exciting, sometimes a client wants to feel like they are actually in the building. Another tool that commercial real estate agencies are now utilizing is virtual reality (VR). Firms are now beginning to use VR goggles to show clients what the property looks like and what it could look like if it were furnished. The possibilities are endless.

NAI Tampa still believes that classic methods such as email blasts and direct phone calls are the most effective. With so many new possibilities, it is no wonder that even firms with tried and true methods like NAI are making strives into new technology based ones.

As a subsidiary of C-III Capital Partners, NAI Global has been widely successful. With a variety of clients, NAI and C-III Capital Partners have been able to work together to bring their services to clients around the world.

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