Acquisition of NAI Global by C-III Capital Partners is Complete

January 25, 2012

Local affiliate NAI Hiffman to benefit from acquisition

 

Chicago, Illinois, January 25, 2012 — NAI Global, the largest network of independent commercial real estate firms worldwide, announced today that its previously reported acquisition by C-III Capital Partners LLC (C-III) has been completed. The transaction will help create a leading fully integrated commercial property services company that will operate in markets around the world. Locally-based NAI Hiffman, is the Chicago representative of NAI Global.

C-III is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management. C-III is led by CEO Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS). Its principal place of business is located in Irving, Texas, and it has additional offices in New York, New York; Greenville, South Carolina; McLean, Virginia; Chicago, Illinois; Dallas, Texas and Nashville, Tennessee.

NAI Global will continue to operate as a separate company under its current management. C-III will accelerate NAI Global’s growth by exploring business development opportunities in strategic locations, including New York, London, Singapore and other primary global business centers. It will also invest in the growth of the corporate solutions and capital markets offering, expanding asset/property management, project/facilities management and valuation services worldwide.

“The completion of this transaction represents a significant step forward in our strategy to build a fully diversified commercial real estate services company,” said Mr. Farkas. “With the NAI Global acquisition, we are gaining the world’s leading commercial real estate network and a tremendous foundation for future growth. As we begin a new year, we look forward to partnering with the NAI team to provide enhanced services to the commercial and institutional real estate markets they serve as well as continuing to take advantage of other opportunities to grow and expand our platform.”

“We are thrilled to be joining forces with C-III and excited about the opportunity to deliver an even broader range of services to our members and add greater value to our collective corporate and investment clients. We look forward to tapping into their extensive resources and expertise to assist all of our clients in strategically optimizing their commercial real estate assets,” said Jeffrey M. Finn, President and CEO of NAI Global.

NAI Hiffman CEO Dave Petersen said he expects the benefits of the transaction will translate to new real estate assignments for the company’s local office and will create added opportunities for existing clients and shareholders.

“This is an exciting chance to expand upon our existing philosophy of client service to increase the advisory and operational deliverables available to tenants and landlords,” Petersen said. “The best aspect of this transaction is that its greatest value will be seen at the ground level in the form of property management, leasing and investment sales opportunities.”

Founded in 1977 by Gerald Finn, NAI Global has grown from covering 15 countries in 1999 to offering a full, collaborative platform of services to clients in over 350 offices in 55 countries, with over 300 million square feet of commercial space under  management.

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, and expanded its principal investment, loan origination, fund management and primary and special loan servicing businesses, including acquiring the special servicing and CDO management businesses of JER Partners in August 2011.

Financial terms of the NAI Global acquisition were not disclosed.

NAI Global (www.naiglobal.com) is the largest network of independent commercial real estate firms worldwide, comprised of over 5,000 professionals in 55 countries with more than 350 offices. NAI advisors work in tandem with our global management team to ensure our clients strategically optimize their real estate assets. NAI offices complete over $45 billion in combined transactions annually and manage 300+ million square feet of commercial space.

NAI Hiffman (www.hiffman.com) is the Chicago area representative for NAI Global, the world’s largest managed network of real estate service providers, comprising 5,000 brokers in 325 offices serving over 50 countries throughout the world. NAI Hiffman’s professionals represent clients in all aspects of commercial real estate and currently manage a 58+ million SF portfolio of over 250 commercial properties throughout metropolitan Chicago and Northwest Indiana.

 

Posted by NAI Hiffman | Filed Under NAI Global, Press Releases 

NAI Hiffman Offers EMEA Services Through Dubai’s JAJ Consultants

August 25, 2011

Dubai, UAE – (Aug 25, 2011) – NAI Global, one of the largest real estate services providers worldwide, will officially announce its new strategic alliance with Dubai’s JAJ Consultants at the upcoming Cityscape Global Exhibition & Conference, to be held September 27-29 at the Dubai International Conference & Exhibition Centre. Headquartered in Dubai, United Arab Emirates with a second office in Riyadh, Saudi Arabia, JAJ Consultants is a leading provider of asset valuations, appraisals and strategy consulting services in the Middle East and Asia Pacific regions.

Through its alliance with NAI Global, JAJ will collaborate with NAI offices to provide consulting services relating to strategy, valuations, development feasibility, highest and best use consulting to NAI clients. The alliance will focus on the Middle East, GCC and Asia Pacific regions but can provide service to clients in Europe, Africa and The Americas as well.

“For NAI Hiffman’s clients in the United States, the alliance provides access to the Middle Eastern and Asian markets directly through our Chicago office,” said David Petersen, CEO of NAI Hiffman, the Chicago-area representative of NAI Global.

JAJ has been active in the Middle East and GCC for over 33 years and has extensive expertise in valuation and appraisal of land, building, structures and civil works, and various types of industrial valuation including plants, machinery, equipment, large industries, factories, stocks, goods in trade and transit.

“Our alliance with NAI Global will enable us to geographically expand our client base,” stated JAJ President & CEO, Shahid Umerani. “Through NAI Global, we will be able to develop new opportunities for our clients as well as establish new relationships with investors, government agencies, property developers and corporations from around the world,” he added.

“We are excited to enter into an alliance with JAJ Consultants,” said Stephen Atherton, NAI Global’s managing director for Asia Pacific & Middle East. “JAJ has an outstanding reputation throughout the Middle East, and we look forward to working together to provide NAI clients with best-in-class valuation and consulting services in the Middle East and Asia Pacific,” he added.

Both Mr. Umerani and Mr. Atherton will be onsite during Cityscape Global to discuss the new partnership.

Posted by NAI Hiffman | Filed Under General Business, NAI Global 

DEVICOR MEDICAL PRODUCTS OPENS OFFICES IN SIX CITIES WORLDWIDE

April 14, 2011

NAI Hiffman assists new medical products developer in securing office leases globally

Adam Roth, CCIM, SIOR

Chicago, IL (April 14, 2011) – Cincinnati, Ohio-based Devicor Medical Products, Inc. has signed leases totaling over 40,000 square feet of office space in six cities worldwide with assistance from NAI Hiffman and five other NAI Global member firms on three continents. NAI Hiffman’s Adam Roth, CCIM, SIOR, served as the coordinating broker for their global expansion. The newly created company commenced their operations less than one year ago, identifying six cities where they required office space for their local sales force. The leases signed to date total over $6 million in transaction value.

The latest lease was signed with assistance from Hideki Tsuchiya and Akiko Takatsugi with NAI Japan in Chiyoda-ku Tokyo, where Devicor Medical leased 2,404 square feet of space at 1-8-3 Marunouchi in a building owned by Mori Trust.

The company’s headquarters, which are located in the Cincinnati area, opened for business in June of 2010. The 29,891-square-foot office is in a 150,000 square foot building at 300 E-Business Way in Sharonville, Ohio. Andrew Kahn with NAI Bergman represented Devicor in the transaction locally.

Jon Salkin, executive vice president of corporate development and strategy with Devicor Medical Products, said “NAI provided market insight with local brokers who made the execution of our multiple market requirements a focused, deliberate process.” He added, “the result was a speedy rollout of our new company within budget and on time for our people on the ground.”

Devicor’s Paris office lease commenced in January 2011. Mickael Jones of NAI France assisted in identifying the 3,154-square-foot space located at 1 rue Camille Desmoulins in Issy les Moulineaux, a suburb situated just southwest of the city’s 15th arrondissement.

Also opening in January was Devicor’s Hamburg 1,000-square-foot office, located at Suedportal 3 in Norderstaedt, Germany. Martin Hoeppler with NAI apollo assisened with the transaction locally.

 Devicor also recently completed leases in Rome, Italy and Seoul, Korea.

Posted by NAI Hiffman | Filed Under Adam Roth, Corporate Solutions, General Business, Logistics, Media Coverage, Medical, NAI Global, Office, Press Releases 

NAI Global Names Buss SVP of Special Asset Solutions

January 10, 2011

Timothy P. Buss, CCIM joined NAI Global’s Special Asset Solutions group in Dallas as senior vice president. Buss, a lender solutions specialist, will work with banks and special servicers with distressed and REO assets.Buss has a strong background in the banking/financial services industry and commercial real estate. He previously founded and oversaw the lender solutions group of NAI Hiffman’s Asset Management practice. Before NAI, Buss spent a decade as an upper level executive at Lehman Brothers and Boatmen’s Bank/NationsBank, plus two years with FDIC. He also gained leadership experience while working in corporate services and as a principal at Trammell Crow Co.

His notable dealings include: serving as receiver for 16 properties involving 10 lenders; providing transaction management services to NationsBank in eight states–sold more than 100 closed banking centers; part of team that negotiated $1 billion portfolio of loans purchased from the FDIC under a loss share agreement.

“With his background as a banker, bank examiner and real estate services provider, Tim brings a unique perspective that is particularly valuable in helping lenders work through the complex problems in their troubled credit and REO portfolios,” said Jeffrey M. Finn, NAI Global president and CEO.

NAI Global’s Special Asset Solutions team provides asset management, property management, leasing, valuation and disposition services. It handles asset disposition and loan sales for national, regional and community banks.

Source: CoStar.com

Posted by NAI Hiffman | Filed Under NAI Global, New Hires/Promotions 

Dan Leahy and Irvin Malik introduce GROHE to New York NAI affiliate for their new global center

December 8, 2010

Henry Goodfriend and Philip Silverstein of NAI Global New York City arranged a 15,219 SF 10-Year Lease on Behalf of GROHE America, Inc. on Fifth Avenue in Manhattan. Dan Leahy and Irvin Malik of NAI Hiffman forged a relationship with GROHE in the Chicago market, where GROHE has customer service, technical support, warehousing and distribution facilities. Leahy and Malik introduced GROHE to the New York office, and GROHE decided that New York is a key city in which it should open a global center.

Posted by NAI Hiffman | Filed Under Dan Leahy, Industrial, NAI Global, Office 

Gulf Oil Spill Not Likely to Impact Commercial Real Estate

June 22, 2010

Gulf Coast Commercial Property Experts See No Long-Term Effect on Supply or Demand 

PRINCETON, NJ, June 22, 2010 – The BP oil spill that has continued for more than 60 days has caused widespread environmental damage and is already affecting shipping, fishing and tourism, but commercial property experts in the region do not believe the accident will have a significant impact on Gulf Coast real estate markets, according to a special report released today by NAI Global.

Commercial real estate leaders from markets bordering the Gulf of Mexico and renowned economist Dr. Peter Linneman weigh in on how experts are quantifying the impact of the oil spill, and provide regional on-the-ground observations of how property markets are faring today. While some markets may see a temporary up-tick resulting from the cleanup efforts, most do not expect any long-term impact, positive or negative, on supply or demand, the primary factors influencing rental rates and property values.

NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide, has a presence in markets all along the Gulf Coast, including New Orleans, LA, Pensacola, FL, Mobile, AL, Fort Myers, FL, and Houston, TX.

While there is no questioning the potential environmental impact, Dr. Linneman, NAI Global’s Chief Economist, suggests that political activists are inflating the economic impact of the oil spill, and that the impact on the Gulf Coast’s economy in general and real estate in particular will probably be minimal.

“This spill is the most overhyped problem we’ve seen in the past six months,” said Dr. Linneman. “The overall economic impact to the nation will be trivial.”

The full report is available for free download at www.naiglobal.com under Publications/Articles & White Papers, or by clicking here.

Posted by NAI Hiffman | Filed Under NAI Global, Press Releases 

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