NAI Global

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.

Farkas Subsidiary Promotes VP to COO

Earlier this year, NAI Hiffman, a member of NAI Global, announced that it would be promoting Michael Flynn from Vice President to Chief Operating Officer. This is part of NAI Hiffman’s plan to expand their current operations.

Flynn has been in the commercial real estate business for over 30 years. His experiences in the industry combined with his leadership skills have made him the perfect candidate for this position. He was also one of the original team members that helped launch NAI Hiffman in 2000. Since then, he has continued to climb into various leadership roles while also helping to expand NAI Hiffman.

With this new position, Flynn will also continue to serve on the NAI Global Member Leadership Board.

NAI Hiffman specializes in commercial real estate in the greater Chicago area. This branch of NAI is responsible for some of the largest leasing deals in Chicago. Since 2000, many of NAI Hiffman’s brokers have been recognized for being amongst the top producers in NAI Global’s annual recognition program.

The NAI Global network of real estate brokers spans across the world with over 6,700 members in over 400 offices. Each of these members, like Michael Flynn, are experts in their respective commercial real estate markets. In total, NAI Global manages over 380 million square feet of property.

Andrew Farkas’ subsidiary, C-III Capital Partners, acquired NAI Global in 2011. His company, Island Capital Group, has strived to diversify their portfolio and make themselves known as real estate industry leaders. Since getting his start in commercial real estate, Farkas has been known for his successful achievements as well as his company’s diverse portfolio.

Farkas Subsidiary Member Reports Rise in SC Office Market

This quarter, NAI Avant broker Scott Peevy reported shifts in the office space market in Charleston, South Carolina. He reports that rates for office space rentals in the popular Southern city began to level off at the end of 2016 but that investment opportunities are very attractive right now.

Current trends show a great deal of redevelopment projects beginning in areas that are in great need of it. This is of great importance seeing as Charleston is known for having a large shortage on office space. This causes high rent rates with lower vacancy numbers. These numbers and the shortages show that the market for new office spaces is extremely attractive right now.

According to the NAI broker, investors are currently working to obtain better returns on office spaces thanks to the projections that occupancy rates will rise along with rental rates. Investors are seriously considering making major improvements to second-tier office spaces as they hold the highest vacancy percentages (10.5%) in Charleston. Along with this, demand for newly renovated spaces is showing a major rise.

Peevy also reports that there is a major surge in retail projects in the city. Which is particularly healthy for the market as it allows for more diversity in businesses in the area.

Scott Peevy is a broker for NAI Avant, a member of the NAI Global Network of real estate brokers and experts. The major network has over 400 offices located around the world with more than 7,000 real estate experts. Their portfolio features over 425 million square feet of property internationally.

NAI Global is a subsidiary of Andrew Farkas’ Island Capital Group. The company is the parent company of C-III Capital Partners. C-III acquired NAI Global in 2016. This acquisition of NAI allowed C-III to diversify their portfolio while also helping both firms to remain leaders in the market.

Farkas’ Real Estate Network Ranked Top 4 Globally

This month, the Lipsey Company released their Top 25 Commercial Real Estate Brands list. For the second year in a row, NAI Global was voted into the number four spot.

The Lipsey Company’s survey has been the industry standard for the past 16 years. They have set the hierarchy for the top real estate brands in the world. Over 100,000 real estate industry professionals from around the world were tasked with completing the survey.

Ballot surveys, phone interviews, and focus groups were all utilized to determine the hierarchy for the real estate industry this year. Over 150,000 votes were cast around the world this year.

NAI Global was the only commercial real estate network within the top five, making them stand out from the others. Their network spans across 375 offices located throughout the world in North American, Latin American, Europe, Africa, and Asia. The firm manages over $20 billion in real estate deals every year.

NAI Global is a world-renowned commercial real estate brokerage firm that assists clients on a local as well as a global scale. Their network is owner-operated which entails that local market experts are the ones handling the deals. This is a unique business model as it combines local expertise with a vast, global network of commercial real estate firms.

Andrew Farkas’ Island Capital Group’s affiliate, C-III Capital Partners, acquired NAI Global in 2011. This strategic acquisition was done in order to help diversify C-III’s services. As a successful founder and CEO of Island Capital Group, Andrew Farkas has continuously pushed his career further. By achieving this major accomplishment, Farkas and his affiliate group have further solidified their reputations as major industry leaders as well as innovators.

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.

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