NEW YORK, NY – November 11, 2014 – NAI Global, the single largest, most powerful global network of owner-operated commercial real estate brokerage firms, today announced its newest Member firm, EVO Real Estate Group in Manhattan. Under the direction of Ira Z. Fishman, CEO and Dana L. Moskowitz, President, EVO brings in-depth knowledge of New York City’s complex, ever-changing marketplace and a wide range of commercial real estate services, including office leasing, retail leasing, property management services and commercial co-op/condo office sales.
“New York City’s commercial real estate market continues to be extremely attractive to companies worldwide,” said Jay Olshonsky, President, NAI Global. “It was critically important that we select a firm with deep local market knowledge and the ability to act quickly and creatively to secure the best opportunities. We are pleased to offer NAI Global Members and their clients access to this tremendously competitive market through our newest Member, EVO Real Estate Group.”
The decision to join NAI Global came easily to EVO, according to Moskowitz. “We found the other Members to be like-minded in their philosophies – dedicated to the highest levels of service and professionalism,” she said. “And now that we are part of NAI, we can offer our clients access to local experts anywhere in the world, and our employees expanded opportunities for skills development and career exploration.”
Olshonsky cites factors such as availability of foreign capital and demand from foreign investors, low interest rates, and continued attraction from technology, financial and professional services firms that are driving high demand for commercial property in Manhattan. Population growth, as projected by the 2014 NAI Global Market Outlook, is anticipated to add over one million people to the NY metro area over the next 15 years, resulting in increased demand for office, retail and multifamily housing in Manhattan.
“There is no doubt that New York City’s commercial property market is currently experiencing a boom,” said Olshonsky. “However, as we’ve seen across market cycles, there will always be demand for quality properties in this market. Our colleagues at EVO are particularly well-suited to navigate this market through all market conditions.”
“We are eager to play a role in expanding NAI’s presence here in New York City, and work with other Member firms worldwide to help grow their business.”
About EVO Real Estate Group
EVO Real Estate Group is a privately held commercial real estate firm serving the diverse real estate needs of a highly prestigious list of tenants, owners, large corporations and growing businesses. The firm was acquired in February of 2013 by a partnership of four New York real estate principals who have been business partners and friends for many years: CEO Ira Z. Fishman and President Dana L. Moskowitz, both formerly of ID Real Estate Partners, and Principals Joshua and Nathan Halegua of Jonis Realty and Citi-Urban Management.
About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.
NAI Global was acquired in 2012 by C-III Capital Partners, 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, online capital markets, title services and multifamily property management. C-III’s principal place of business is located in Irving, TX, with additional offices in New York, NY, Greenville, SC and Nashville, TN.