This is the second commercial brokerage transaction Andrew Farkas has made in recent months. In June, C-III Capital Partners, a diversified real estate company controlled by Mr. Farkas, announced it was acquiring NAI Global, which manages a network of commercial real estate firms with 5,000 professionals and 350 offices in 56 countries.
C-III Investment Management LLC, a subsidiary of Andrew Farkas’ C-III Capital Partners LLC, was recently reviewed by Fitch Ratings as a possible replacement collateralized debt obligation (CDO) collateral asset manager.
This year, the New York Yacht Club sponsored a summer cruise to the U.S. Coast Guard Academy in New London, Conn. The event brought over 100 vessels to the region, which arrived this Friday and departed on Sunday. At 9 a.m. on Sunday, the vessels left the dock and started down the Thames River in the Parade of Sails. The boats docked at either the Coast Guard Academy or the Custom House Pier.
C-III Capital Partners, a leading real estate investment company, is currently functioning as the special servicer for Olympic Towers, a building in downtown Buffalo, New York that needs a buyer.
Paul Allen, co-founder of tech giant Microsoft, currently has two superyachts to his name — “Octopus” and Tatoosh.” Though most of the attention goes to “Octopus,” as it is currently the world’s 12th largest superyacht and fifth largest yacht not owned by a head of state, “Tatoosh” also has impressive features.
“Cowboys & Aliens” — a film from DreamWorks, co-founded by David Geffen — is set to be released in the United States on July 29, but it was released announced that the film will be available in international territories in IMAX.
The newest business venture of Andrew Farkas’ Island Capital Group’s portfolio company C-III Capital Partners LLC (C-III) is the acquisition of NAI Global, the largest network — with 5,000 professionals and 350 offices in the US alone — of commercial real estate firms in the world.
As a prominent player in the real estate industry, Andrew Farkas tends to stay busy with new ventures. His latest is Anubis Advisors, the company he founded in March 2010.
The streets of a heavily trafficked area in Queens, New York are starting to look significantly cleaner, thanks to The Doe Fund and the people who keep the organization running, such as supporter Andrew Farkas. The clean-up spanned a stretch of Queens Boulevard in Rego Park from 63rd Drive to 64th Road, and has been an ongoing effort since City Councilwoman Karen Koslowitz secured the funds to employ The Doe Fund to launch the project. More than $30,000 was given to the fund, which will ensure general upkeep of the roads for an entire year.
From advisory roles to management of investment funds or working to develop and integrate its portfolio of real estate services businesses, Andrew Farkas’ Island Capital Group LLC (ICG) covers a broad range of real estate-related activities. His vision for the company is to find new and creative opportunities to profit within several sectors of the industry, according to its website.