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.

The 2010 CoStar Power Broker Awards are in!

CoStar Group has named NAI Long Island as one of Long Island’s top leasing firms for 2010.

NAI Long Island is also proud to have John LaRuffa, SIOR, Principal, and Al Centrella, Jr., Director, named as top office leasing brokers; Brian Pinnola, Principal and Joseph Maffia, Director, named as top industrial leasing brokers; as well as Al Centrella, Principal and Dennis McCoy, Director, named as top retail leasing brokers.

Congratulations to everyone, good work!

NAI Long Island wishes you a very happy holiday and a healthy new year!

Are you attending the ICSC 2010 New York National Conference & Deal Making at the New York Hilton on December 6-7th? If so, come by NAI Long Island’s booth at Americas Hall I, Booth #317!

Find us on the floor plan:

Exhibitor List & Interactive Floor Plan

See you there!

NAI Long Island wishes everyone a fun and safe Halloween!