October 17, 2011 | In C-III Capital Partners
C-III Capital Partners, an affiliate of Island Capital Group, is set to become a significant stakeholder in Grubb & Ellis with Colony Capital, Grubb & Ellis announced today. Grub & Ellis has entered into exclusive negotiations with a subsidiary of C-III Capital Partners regarding what it called “the strategic transaction.” A C-III affiliate also will […]
Read moreOctober 14, 2011 | In C-III Capital Partners
Sandi Goff Farkas, wife of Andrew Farkas, created the Playwrights of New York (Pony) Fellowship. This fellowship provides an apartment to live in for a year and a monthly stipend to help support emerging playwrights. As a playwright herself, Sandi noticed many great ideas weren’t getting written into screenplays because of the lack of support, which […]
Read moreSeptember 6, 2011 | In C-III Capital Partners
C-III Capital Partners, a diversified real estate services firm led by Andrew Farkas, announced Tuesday that it has acquired the commercial real estate special servicing and collateralized debt obligation management businesses of JER Partners for an undisclosed sum. JER is the named special servicer for $35.5 billion of commercial real estate loans, of which approximately $4 […]
Read moreAugust 31, 2011 | In C-III Capital Partners
Andrew Farkas‘ C-III Capital Management acquired the commercial real estate special servicing and collateralized debt obligation management business of JER Partners for an undisclosed amount, the company announced today. JER is the named special servicer for $35.5 billion of commercial real estate loans, of which $4 billion is under active management. In May the firm […]
Read moreJuly 14, 2011 | In Andrew Farkas
Good news for Andrew Farkas and others in the real estate business — global commercial real estate sales rose 47 percent in the second quarter compared to last year’s numbers. Sales finished out at $101 billion for the second quarter and are set to reach at least $440 billion for the year. Though a $440 […]
Read moreJuly 7, 2011 | In Andrew Farkas
Fitch Ratings, a global credit rating company, reached its decision regarding C-III Investment Management LLC collateralized debt obligation (CDO) transfers. The credit rating company decided that C-III meets all the criteria necessary for becoming a potential replacement CDO collateral asset manager. In April, Fitch Ratings was notified of two possible transfers — Nomura CRE CDO […]
Read moreJuly 5, 2011 | In Andrew Farkas
C-III Capital Partners LLC (C-III), a portfolio company of Andrew Farkas’ Island Capital Group, announced on Wednesday that it has reached an agreement to acquire NAI Global, a network of independent commercial real estate firms in 55 countries around the world. Farkas said that he plans to use C-III’s asset base and the acquisition of NAI […]
Read moreMay 31, 2011 | In Andrew Farkas
The American Society for the Prevention of Cruelty to Animals (ASPCA), one of many charities supported by Andrew Farkas, recently opened a spay/neuter clinic for animal rescuers in Ridgewood, Queens. The clinic will serve as an interim facility through 2012, when construction for the permanent headquarters in Manhattan is expected to be completed. The clinic […]
Read moreMay 24, 2011 | In Andrew Farkas
Do you ever wonder how Andrew Farkas went from being an energetic Harvard undergrad to one of the top players in the real estate industry? After graduating in 1982 with a degree in economics, he went on to work at Salomon Brothers, a Wall Street investment bank. Soon after, he founded Insignia, which quickly became […]
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