News

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.

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.

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.

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:

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.

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.

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.

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

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