U. S. Residential Group LLC Expands into Virginia and Adds to its California Portfolio

Posted on 1/31/2012 by SuperUser Account

U.S. Residential Group LLC - a full-service, fee-based multifamily management company affiliated with C-III Capital Partners LLC - has expanded into Virginia by taking on two tax credit communities located in the Richmond area. These 1990's vintage properties were recently acquired by an existing client - a private national multifamily investment company.

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C-III Capital Partners Completes Acquisition of NAI Global

Posted on 1/26/2012 by SuperUser Account

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.

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C-III Capital Partners Enters Multifamily Property Management

Posted on 11/15/2011 by SuperUser Account

IRVING, TX, November 15, 2011— C-III Capital Partners LLC (C-III) announced today that it has acquired two affiliated multifamily property management businesses – U.S. Residential Group (USRG), based in Carrollton, Texas, and Pacific West Management (PWM), based in Irvine, CA. Together, USRG and PWM currently manage approximately 24,000 multifamily units located in 12 states. In connection with the acquisitions, the operations of USRG and PWM have been combined and will operate as a subsidiary of C-III under the U.S. Residential Group name, and the company will continue to operate under the leadership of its current management team headed by Alan R. Fenstermacher.

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The St. Lucia Ministry of Tourism Announces Major Strides in Growth for the Country's Yachting Sector

Posted on 9/28/2011 by SuperUser Account

ST LUCIA, WI – September 28, 2011 – The St. Lucia Tourist Ministry of Tourism and Civil Aviation announces that all new revised policies have been approved by its government to help stimulate growth and development in St. Lucia’s yachting sector. Several proposals presented by The St. Lucia Ministry of Tourism have been sanctioned and will facilitate clearing in and out of the country, as well as an ease on taxation and many other added benefits to encourage cruising in its waters. These changes will greatly improve and support yachting for private and charter yachts wishing to cruise St. Lucian waters as well as those wishing to conduct yachting business in the country. Some of the chanes include the following:

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C-III Capital Partners Acquires Special Servicing and CDO Management Businesses from JER Partners

Posted on 8/30/2011 by SuperUser Account

NEW YORK, NY, August 30, 2011 — C-III Capital Partners LLC (C-III) announced today that it has acquired the commercial real estate special servicing and CDO management businesses of JER Partners (JER), a private real estate investment management company. JER is the named special servicer for $35.5 billion of commercial real estate loans, of which approximately $4 billion is currently in special servicing and under active management.

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C-III Capital Partners Agrees to Acquire NAI Global

Posted on 6/22/2011 by SuperUser Account

NEW YORK, NY, June 22, 2011 — C-III Capital Partners LLC (C-III) announced today that it has entered into an 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.

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IGY Marinas Signs Management Agreement with Marina Papagayo

Posted on 6/1/2011 by SuperUser Account

FORT LAUDERDALE, FL; COSTA RICA - JUNE 1st, 2011 -- IGY Marinas announces the addition of Marina Papagayo to its global network of premier yachting destinations. Marina Papagayo, located on the north Pacific coast of Costa Rica is part of the acclaimed five-star residential resort community of Peninsula Papagayo. This state-of-the-art, full-service marina offers a wide array of nautical services along with award-winning accommodations and amenities at the Four Seasons Resort Costa Rica, including an Arnold Palmer Golf Course, spa, and multiple dining options. This exotic, yet accessible escape is situated just 20 minutes from Liberia International Airport offering daily and frequent services from major US gateway cities.

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Island Capital Group LLC Announces Acquisition

Posted on 3/8/2010 by SuperUser Account

Island Capital Group LLC acquires 100% of Centerline’s institutional real estate debt fund management and commercial mortgage loan servicing businesses

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Andrew Farkas - Featured in Haute Living Magazine

Posted on 5/24/2007 by SuperUser Account

Andrew Farkas, of Island Global Yachting, is featured in a cover story for the May/June 2007 issue of Haute Living Magazine.

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