C-III Capital Partners to Acquire NAI Global

June 23, 2011

- C-III Expands Commercial Real Estate Services –

NEW YORK, NY, June 22, 2011 — C-III Capital Partners LLC (C-III) announced today that it has entered into a definitive agreement to acquire NAI Global, the largest and premier network of independent commercial real estate firms worldwide. C-III is led by Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). NAI Global will continue to operate as a separate company under its current management following the acquisition.

NAI manages a network of commercial real estate firms comprising 5,000 professionals and 350 offices in the US and 55 countries throughout the world. NAI’s network members provide a full spectrum of corporate, financial, technology and project management services.

“C-III plans to use its asset base, along with strategic acquisitions such as NAI, to create a fully diversified commercial real estate services company,” said Mr. Farkas. “This is the strategy that was successful for Insignia. C-III is led by the same team that built Insignia, and with C-III’s significantly larger asset base, I believe C-III can substantially exceed Insignia’s success,” concluded Mr. Farkas. At its height, Insignia managed $12.5 billion in assets, while today C-III’s portfolio approximates $150 billion in assets. Insignia was one of the largest commercial real estate services companies in the world when it merged with CB Richard Ellis in 2003.

C-III commenced operations with the purchase of Centerline Capital Group’s institutional real estate debt fund management and commercial mortgage loan servicing businesses in March 2010. Since that time, C-III has successfully launched mortgage origination, investment sales and title insurance businesses from scratch, and expanded its principal investment, loan origination fund management and primary and special loan servicing businesses.

“Today’s agreement represents a tremendous opportunity for NAI and our members,” said Gerald C. Finn, Chairman of NAI Global. “By teaming up with Andrew Farkas, one of the world’s leading real estate businessmen, we expect NAI will be able to significantly grow its service offerings and present new opportunities to our members.”

“We have built the world’s leading commercial real estate network, but we now believe it is time to take the enterprise to a new level and add even greater value to our members and our collective corporate and investment clients. The combination with C-III will provide a depth of resources, talent and tools from which we can draw upon to accelerate our growth,” noted Jeffrey M. Finn, President and CEO of NAI Global. “Rarely do you find partners so perfectly strategically aligned as NAI Global and C-III. This is a natural fit and extremely exciting news for the industry.”

The transaction is expected to close in the third quarter of 2011. Financial terms of the transaction were not disclosed.

Posted by NAI Hiffman | Filed Under General Business 

NAI Hiffman Facilitates Lease in Bolingbrook

June 8, 2011

As Reported by Robert Carr on GlobeSt.com on June 6, 2011

BOLINGBROOK, IL-Hanger Orthopedic Group Inc., has leased 44,671 square feet within Crossings Business Center, at 386 Internationale Dr. here. Additionally, Container and Pooling Solutions, Inc. has leased the remaining 33,154 square feet at 380 Internationale Dr., also within the center. The center consists of two buildings totaling 352,700 square feet of industrial space. The park, which features 30-foot clear heights, 81 exterior docks, 15 drive-in doors, significant auto parking and trailer storage, was developed by ML Realty Partners and HSA Commercial Real Estate. The center is 100% leased. Steve Connolly, Mark Moran and John Whitehead with NAI Hiffman represented the center. Tim Cahill and Dan Rasmussen with UGL Equis represented Hanger Orthopedic, and Jason West and Sean Henrick with Cushman & Wakefield represented Container and Pool Solutions.

Posted by NAI Hiffman | Filed Under General Business, Industrial, Lease, Media Coverage, Press Releases 

Adam Roth: Rail is the Future and Chicago is on the Right Track

June 2, 2011

As Reported by Mark Thomton in REjournals.com on May 25, 2011 

Adam Roth has worked in the distribution and logistics industry from almost every angle imaginary. From working as a third-shift dock supervisor in a small Midwestern market while employed by a logistics company, to dealing with C-suite executives as a member of NAI Hiffman’s Industrial Services Group, he can honestly say that he has worked on both sides of the equation.

As the cost of fuel prices go, so does the industry. Roth works extensively at the CenterPoint Intermodal Center in Joliet and Elwood and he recently explained to Mark Thomton, editor of the Illinois Real Estate Journal, why rail is going to play an increasing role in distribution operations and why Chicago is perfectly situated to capitalize on it for the foreseeable future.

How did you get started in commercial real estate?

Before getting into commercial real estate I was in the logistics industry for just over 10 years. I was transferred to Chicago while I was working at a 3PL. Two close friends of mine, unsolicited, mentioned that I would be good at real estate. Read more

Posted by NAI Hiffman | Filed Under Adam Roth, Industrial, Logistics, Media Coverage, O'Hare International Airport