Friday, February 10, 2012
Monday, February 6, 2012
Thursday, February 2, 2012
Monday, January 30, 2012
Friday, January 27, 2012
Timing and Strategy Factor Into Successful Relocations
Negotiating the best lease terms is important in commercial real estate. But Juan Alcácer, an associate professor at Harvard Business School’s Strategy unit, explains why businesses also need to understand the strategic implications of expansion in the article Location, Location, Location, which appeared in the Harvard Business School Working Knowledge forum.
Before committing to relocating, businesses need to evaluate the strength of their available resources, Alcácer says. A move will require management to shift its focus from current business activities, which could slow the growth of a successful company. Another common misstep is blindly following competitors. Alcácer cites the example of companies that now regret their move to China.
Businesses also need to be aware of the signals they could be sending to competitors. Through their location selection, businesses might give competitors information about their operations or an opportunity to poach their employees. Businesses can avoid this problem by choosing a niche location, an approach successfully employed by Pixar. Although most major studios are based in the Los Angeles area, Pixar stayed in its Northern California headquarters after being acquired by Disney.
Thursday, January 26, 2012
C-III Capital Partners Completes Acquisition of NAI Global
C-III Capital Partners LLC (C-III) announced today that it has completed its previously announced acquisition of NAI Global, the largest and premier network of independent commercial real estate firms worldwide.
C-III is led by CEO Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS).
“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 great resources and expertise to help C-III clients strategically optimize their commercial real estate assets,” said Jeffrey M. Finn, President and CEO of NAI Global.
NAI Global will continue to operate as a separate company under its current management. 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 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. In November 2011, C-III acquired two affiliated multifamily property management businesses – U.S. Residential Group and Pacific West Management – which now operate on a combined basis under the U.S. Residential Group name.
Financial terms of the NAI Global acquisition were not disclosed.
About C-III Capital Partners
C-III Capital Partners LLC 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. Our principal place of business is located in Irving, TX, and we have additional offices in New York, NY, Greenville, SC, McLean, VA, Chicago, IL, Dallas, TX and Nashville, TN.
About NAI Global
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 in 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.
Monday, January 23, 2012
McAllen's leaders hold retreat, talk long-term economic development | mcallen, leaders, long - TheMonitor.com
Mike Blum, partner and managing broker at NAI Rio Grande Valley, a commercial real estate brokerage, met with the City Commission for nearly an hour Saturday morning to discuss a plan for the reservoir.
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