See Patterson-Woods Principal Greg Ellis, CCIM, discuss Opportunity Zone Investment Trends in this informative video that is a part of the 2019 Thought Leadership Series presented by CORFAC International.
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CORFAC is pleased to welcome EDMUND TIE/CORFAC International to the global network. Headquartered in Southeast Asia’s gateway city of Singapore, EDMUND TIE also has offices in Kuala Lumpur, Malaysia (NAWAWI TIE), and Bangkok, Thailand. CORFAC International has added 10 new offices to the network in 2019.
Founded nearly 25 years ago in 1995 and supported by some 400 skilled professionals across the region, EDMUND TIE is a full-range property consulting service that offers both agency and professional services including investment advisory, business space and retail, residential agency, auction and sales, valuation advisory, statutory valuation and property tax advisory, research and consulting, property management and hospitality management.
“We are delighted to be part of this network of independent brokerage firms,” said the group’s chief executive officer, Ms. Ong Choon Fah. “Independent, homegrown firms enjoy exceptional insight and experience which allows us to dive deep into our respective markets with an in-depth appreciation of local norms and regulations. More often than not, knowing how business is done in a particular country could be a key success factor.”
“When assembled into a global alliance, this network of independent brokerages, under CORFAC’s ambit, can collectively offer unrivaled bespoke services for our clients as an alternative to the quantity- and metric-driven approach of the multinationals,” she added.
CORFAC’s structure of being “globally connected” to offices around the world while remaining an independent firm is what appealed to EDMUND TIE as they contemplated their alliance options. All CORFAC members keep their company name and are not restricted or limited in the type of transactions they are allowed to conduct.
“CORFAC International is thrilled to welcome EDMUND TIE to our growing global network. The company brings many years of experience serving their clients across Asia; we look forward to their expertise as we continue to expand CORFAC throughout the region,” said 2019 CORFAC International President Sim Doughtie, CCIM, MCR, SLCR, SIOR, of King Industrial/CORFAC International in Atlanta, GA.
Ong Choon Fah, Chief Executive Officer, will be the main CORFAC contact in the Singapore office. Eddy Wong, Managing Director, is the key CORFAC contact in the Malaysia office, while Punnee Sritanyalucksana, Chief Operating Officer, is the main CORFAC contact in the Thailand office. You can reach out to them via e-mail at choonfah.ong@etcsea.com, eddy.wong@ntl.my and punnee.s@etcthailand.co.th.
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CORFAC is pleased to announce Century Realty LLC/CORFAC International, with offices in Pittsburgh, Pennsylvania, and Wheeling, West Virginia, is the newest U.S. affiliate to join the growing global network. Century Realty is the third U.S.-based firm to join CORFAC this year. The network has also added six new international offices in 2019.
“CORFAC International is happy to welcome new affiliate Century Realty in the Pittsburgh/Tri-State region to the CORFAC family. Century has an impressive and diverse range of commercial real estate expertise,” said 2019 CORFAC International President Sim Doughtie, CCIM, MCR, SIOR, SLCR, of King Industrial/CORFAC International in Atlanta, Georgia.
Century Realty/CORFAC International has substantial experience in the industrial, retail, office, multifamily and investment sales sectors. The firm’s market coverage includes western Pennsylvania, northern West Virginia, and eastern Ohio.
“Century Realty is excited to begin its affiliation with CORFAC International. The Pittsburgh region is active among all commercial real estate sectors and should make an excellent contribution to CORFAC for both inbound and outbound business. Our affiliation with CORFAC will help us serve our clients with in-depth market knowledge on a national and international basis,” said John Aderholt, Owner/Broker of Century Realty. “Our time with CORFAC professionals at the conference in the Philadelphia was extremely rewarding. We were impressed with the caliber of commercial real estate professionals and looking forward to building productive relationships and genuine friendships for many years to come.”
John Aderholt established Century Realty in 2012 after having joined Century Equities, Inc., in 2008. Century Equities, Inc., was founded in 1984 by Danny Aderholt, primarily to sponsor income-oriented, net lease real estate investment syndications. Over time, Century Equities diversified into other aspects of commercial real estate, including development, hospitality, finance and historic rehabilitations. By the 2000s, Century Equities built a diverse 15-state portfolio of retail, industrial and office net lease properties. Century Realty was launched to serve as a third-party brokerage affiliate to Century Equities, which is now The Century Group.
After more than 12 years with CBRE's Baltimore Industrial team, Adam Weidner joined Century Realty in 2013 to oversee its industrial portfolio and to expand third-party brokerage. In 2014, Jessica Jarosz, with over 10 years of experience with multiple national firms, was hired to launch Century Realty’s downtown Pittsburgh office.
Century Realty currently consists of six licensed real estate professionals, including recent addition Charlie Krushansky, an investment sales and multifamily specialist with over 17 years of experience with national financial and real estate brokerage firms.
Please reach out and welcome Century Realty’s primary CORFAC contact John Aderholt at (412) 235-7233 or jdaderholt@century-realty.com. Learn more about Century Realty, LLC, at www.century-realty.com.
About Century Realty, LLC
Founded in 2012, Century Realty specializes in advising clients in office, retail, land, industrial, multifamily and hospitality opportunities. Century’s diverse background in acquisitions, dispositions and development provides its clients with the tools necessary to navigate commercial real estate transactions with confidence and surety. Century Realty is an affiliate of The Century Group, founded in 1984. The Century Group consists of Century Realty (brokerage), Century Equities (investment syndications and development) and Century Hospitality (hospitality management) and has a property portfolio spanning 15 states.
Members of Patterson-Woods Commercial Properties attended CORFAC International's Fall Sumit last week in Philadelphia, Pennsylvania. The conference is held biannually by CORFAC International and consists of member networking opportunities, commercial real estate panesl, and distinguished speakers.
Patterson-Woods Principals Joseph Latina, Treasurer, and Greg Ellis, CCIM, Chair of the Conference Committee, worked together with Philadelphia member firm Wolf Commercial Real Estate to organize the event and host other members from around the globe.
The Fall Summit sessions included topics on real estate trends, CRE technology, deal-making, best practices, opportunity zones, economic forecasting, and more. CORFAC also welcomed Philadelphia Eagles legend, Vince Papale, as a speaker on Friday morning.
The event wrapped up at the CORFAC awards reception where Ellis received the prestigious 2019 Olen Monsees Award for his dedication to expanding CORFAC's network and enhancing the CORFAC brand in the industry. Latina received the 2018 award at the CORFAC Summit in London last Fall.
The next CORFAC Summit will be held in March at Playa del Carmen, Mexico. For more information regarding the CORFAC organization, please visit www.corfac.com
CORFAC International is pleased to announce that FRIS — located in Amsterdam, the Netherlands — has joined the network as its newest affiliate. FRIS is a Dutch real estate company that has grown since 1923 into a full-service real estate services provider in residential, business and investment real estate brokerage; property management; research; consultancy; appraisals and insurance.
“At the moment, almost 50 percent of our real estate agency revenues comes from transactions with international firms and we see this trend increasing in our commercial and investment real estate departments,” said Hans Peter Fris, Managing Director of FRIS. “Our CORFAC membership will allow us to offer our existing international clients a platform to facilitate further international investments. It is our expectation that the CORFAC network will also bring us into contact with new clients interested in the Dutch real estate market.”
CORFAC International real estate companies have expertise in office, industrial and retail brokerage, tenant and landlord representation, the acquisition and sales of property investments, property management and corporate services. Founded in 1989, CORFAC has 50 affiliated companies in the United States, five in Canada and 18 in various international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Mexico, the Netherlands, Romania, Russia, South Korea, Switzerland and the United Kingdom. In 2018, CORFAC members carried out more than 10,000 lease and sales transactions totalling 620 million square feet valued in excess of $8.2 billion USD.
“FRIS is a family-owned firm that began nearly 100 years ago. Since then, they have grown to a team of 70+ and become one of the most respected names in the real estate business in the Netherlands. I am very excited to welcome Hans Peter and the entire team at FRIS to the CORFAC network. Their expertise will be invaluable as we continue to expand throughout Europe and the world,” said Sim Doughtie, CCIM, MCR, SIOR, SLCR, 2019 President of CORFAC International.
By implementing a pioneering vision of modern real estate management, FRIS has become one of the largest independent real estate property management companies in the Netherlands for commercial and residential. FRIS is also a household name to tens of thousands of private individuals, companies and investors in the Amsterdam metropolitan region. The use of modern marketing tools and software, continuously updated databases and a well-balanced mix of experienced real estate experts and young professionals has resulted in a highly effective organization. With a compact workforce of 70+ professionals FRIS guarantees professionalism, a personal approach and accountability, flexibility and decisiveness.
The addition of FRIS marks the fourth affiliate to join CORFAC International this year. Asset Build Co. Ltd./CORFAC International in Tokyo, Japan; First Capital Property Group/CORFAC International in Orlando, Florida, and Forte Commercial Real Estate/CORFAC International in Denver, Colorado, also joined the network.
Hans Peter Fris and Rick Hoogervorst will be the main CORFAC contacts at FRIS. You can reach them via e-mail at h.p.fris@fris.nl and r.hoogervorst@fris.nl.
Joseph Latina of Patterson-Woods joined other CORFAC firms at the CORFAC booth at ICSC Recon 2019 in Las Vegas. RECON is the world's largest gathering of retail real estate professoinals.
At the event, Latina was interviewd by GlobeSt regarding retail industry trends:
via corfac.com
CORFAC International is pleased to announce that Forte Commercial Real Estate has joined the network as our newest affiliate. Based in Denver, Forte serves clients throughout the Colorado front range and nationally.
Formed in 2008, Forte Commercial Real Estate helps organizations execute office and industrial space strategies that advance their business plans and missions. Forte first develops a deep understanding of its clients' business and goals, creates a tailored plan and delivers a real estate strategy that aligns with those goals. While serving corporate needs in all industries, Forte has built substantial sector-serving expertise in industry areas including life sciences, manufacturing, active outdoor and apparel and community real estate, serving nonprofit and social enterprise organizations.
"Joining CORFAC International means we can ensure our clients get top-notch service when they look at other markets nationally and internationally," said Dustin Whistler, Principal of Forte Commercial Real Estate. "Our CORFAC partners can also rely on us when their clients have needs in Colorado."
"We're pleased to welcome Forte Commercial Real Estate to our network of industry-leading independent commercial real estate service providers," said Sim Doughtie, CCIM, MCR, SIOR, SLCR, 2019 President of CORFAC International. "Denver and other Colorado cities are thriving and Forte has the skill to deliver for clients of CORFAC members around the world."
The addition of Forte Commercial Real Estate marks the third affiliate to join CORFAC International this year. Asset Build Co. Ltd./CORFAC International in Tokyo, Japan, and First Capital Property Group/CORFAC International in Orlando, Florida, also joined the network.
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CORFAC International is pleased to announce that Orlando-based First Capital Property Group, Inc. has joined the CORFAC global real estate network as its affiliate in Central Florida, where it provides a full range of commercial real estate services.
Formed in 1995, First Capital Property Group/CORFAC International (FCPG) has extensive experience in the acquisition, disposition, leasing, property management and consultation for commercial owners and associations. Property types include office, medical office, retail, industrial and commercial land sites.
“We’re pleased to welcome Chuck Mitchell and everyone at First Capital Property Group to the CORFAC family,” said Sim Doughtie, CCIM, MCR, SIOR, SLCR, 2019 President of CORFAC International. “Central Florida is an important market for CORFAC to have a strong partner, and FCPG has a great track record from the Gulf Coast to the Space Coast.”
“Joining CORFAC International expands our visibility to companies and investors with real estate needs in Orlando and Central Florida, and provides a wealth of expertise so we can help our clients nationally and globally,” said Charles (Chuck) J. Mitchell, Jr., CPM, CCIM, CEO of First Capital Property Group Inc./CORFAC International. “Plus, CORFAC membership aligns with our focus on professional excellence and integrity.”
To ensure high professional standards, FCPG leaders are active members of the Certified Commercial Investment Member Institute (CCIM Institute), Institute of Real Estate Management (IREM), the Building Owner & Managers Association (BOMA) and the International Council of Shopping Centers (ICSC). In 2015, FCPG was awarded IREM’s Accredited Management Organization (AMO) designation, which recognizes a track record of excellence among real estate management organizations.
For more information on First Capital Property Group Inc./CORFAC International, please visit www.fcpg.com.
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CORFAC International is pleased to announce that Tokyo-based Asset Build Co. Ltd. has joined the CORFAC global real estate network as its first affiliate in Japan.
Asset Build Co Ltd./CORFAC International offers clients a comprehensive range of real estate consulting, investment, development and management services in the Tokyo market. Unlike many real estate consulting firms in Tokyo, Asset Build applies international investment analysis standards taught by the Certified Commercial Investment Member Institute (CCIM Institute) and Institute of Real Estate Management (IREM). This analytical approach and a high level of proficiency differentiates Asset Build from competitors.
“On behalf of CORFAC International, I’m very pleased to welcome Kiyoshi Inomata and everyone at Asset Build Co. Ltd. to our global team,” said Sim Doughtie, CCIM, MCR, SIOR, SLCR, 2019 President of CORFAC International. “Japan is a very important and complex market, and Asset Build has the international skill and experience to help CORFAC clients understand the market.”
“I’m very excited at this new global relationship, and look forward to making connections with CORFAC professionals,” said Kiyoshi Inomata, President of Asset Build Co. Ltd./CORFAC International. “There are many opportunities to do business with other CORFAC members and to contribute to the growth of the organization, while performing good service to our clients and communities.”
Mr. Inomata has a very prominent role in the Japan real estate community. He served as CCIM-JAPAN Chairman in 2018, and currently is Executive Officer of CCIM-JAPAN and IREM-JAPAN. He plays an educational role as CCIM Official Seminar Facilitator for Market Analysis, and as IREM Official Seminar Faculty for Maintenance and Risk Management, Market Analysis and Leasing. In addition, Mr. Inomata is a member of the Real Estate Securitization Association and the Japan Architects Association.
Asset Build is the first international affiliate to join CORFAC in 2019, the network’s 30th anniversary year. CORFAC simultaneously announced its first domestic affiliate of the year, First Capital Property Group Inc./CORFAC International, based in Orlando. CORFAC has grown by 20 affiliates between 2015 and 2018.
For more information on Asset Build Co. Ltd./CORFAC International, please visit http://asset-b.com/.
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