Farkas’ commercial brokerage taps EVO for New York office
NAI Global network looking to boost presence in NYC
Billionaire real estate investor Andrew Farkas’ industry services network NAI Global struck a deal that will see brokerage EVO Real Estate Group serve as the network’s New York office.
NAI Global, which Farkas’ C-III Capital Partners LP acquired in 2012, controls 165 commercial brokerages in more than 65 cities globally. Now the firm is looking to cement its footprint in New York.
EVO, formerly known as Winoker Realty, manages roughly 3.5 million square feet of commercial space, the Wall Street Journal reported. The brokerage’s CEO, Ira Fishman, said EVO will share leads and contacts with other member firms. Under the deal, EVO could tap a member of the network to help a New York landlord lease a building in another state. Both firms would divide fees and commissions.
“I never belonged to a network before,” Fishman told the newspaper. “The concept sounds good. I want to give it a shot.”
Late last year, NAI Global had plans to reduce its New York presence, as previously reported. [WSJ] — Mark Maurer