July 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 […]
Read moreMay 17, 2011 | In Andrew Farkas
It’s been nearly 15 years since Andrew Farkas was named as one of Crain’s New York Business’ “40 Under Forty,” but the people who make up 2011’s class seem to hold just as much promise—especially Sush Torgalkar, a CEO whose path to success sounds similar to the one that Farkas himself took. Torgalkar began as an associate […]
Read moreMay 10, 2011 | In Andrew Farkas
This year’s list of “The Real Estate Power 100” from The New York Observer reflects a refreshed economy—a flip from the recession-addled past years that stalled the industry. Andrew Farkas comes in at No. 11 on the list, after a successful year serving as the CEO of Anubis Advisors, which provides management consulting, restructuring, distressed debt and […]
Read moreApril 26, 2011 | In Andrew Farkas Island Capital Group
Since their names were listed on the National Real Estate Investor’s (NME) website, the ten real estate moguls who made the magazine’s Top 10 to Watch list have shown no signs of stopping. Among them was Island Capital Group CEO and Chairman Andrew Farkas, who has been spending some of his recent time with his latest […]
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