News
Grubb & Ellis Company Enters Into Agreement with C-III Capital Partners LLC and Colony Capital LLC
SANTA ANA, Calif. (Oct. 17, 2011) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced today that it has entered into exclusive negotiations with a subsidiary of C-III Capital Partners LLC, an affiliate of Island Capital Group LLC, which has partnered with an affiliate of Colony Capital LLC regarding a strategic transaction with the company. more »The St. Lucia Ministry of Tourism Announces Major Strides in Growth for the Country's Yachting Sector
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: more »
C-III Capital Partners Acquires Special Servicing and CDO Management Businesses from JER Partners
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.more »
C-III Capital Partners Agrees to Acquire NAI Global
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. more »
IGY Marinas Signs Management Agreement with Marina Papagayo
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. more »Island Capital Group LLC Announces Acquisition
Island Capital Group LLC acquires 100% of Centerline’s institutional real estate debt fund management and commercial mortgage loan servicing businesses
more »