NEW YORK, November 30, 2012 – NAI Global, the world’s premier managed network of commercial real estate firms and one of the largest real estate services firms worldwide, announced today that Jay Olshonsky has been appointed President of NAI Global and will report directly to Geoff Woodward, Senior Managing Director of C-III Capital Partners, the parent company of NAI Global. Mr. Olshonsky is replacing Jeffrey Finn as the senior executive at the Firm. Mr. Finn will serve as an advisor throughout a transition period.
Jeffrey Finn said, “NAI is strong, stable and poised for future success. I am grateful for the opportunity to have guided and helped NAI develop into the firm it is today and I am confident that everyone at NAI Global will continue to successfully build on the reputation we have and the track record that we have all worked so diligently to deliver over the years.”
“On behalf of the entire Firm and NAI Global’s parent company, C-III Capital Partners, I thank Jeff for his leadership and contributions that have helped NAI grow into a leading player throughout the commercial real estate services industry. We wish him the best in his future endeavors and appreciate his future support,” said Geoffrey Woodward. “I would also like to recognize Gerry Finn’s support and service in building this company.”
Mr. Olshonsky, previously Executive Vice President and Chief Operating Officer of NAI Global New York City, brings more than 25 years of experience and industry knowledge to the Firm. Prior to joining NAI Global in 2010, Mr. Olshonsky was a Managing Director for CB Richard Ellis for 15 years, where he ran their Washington D.C. office—one of the company’s four largest businesses—with over $100 million in revenue and P&L responsibility for 75 commissioned brokers and over 200 employees. He was also integrally involved in strategic planning, corporate mergers and succession planning while at CB Richard Ellis.
“I am very pleased to have the opportunity to take the baton from Jeff and continue to develop and implement the next phase of NAI Global’s growth strategy,” said Mr. Olshonsky. “Our employees and network members are NAI Global’s most precious assets and they have been the cornerstone of our company’s long-term success. I am confident that together we will continue to enhance and expand NAI Global’s platform and extend our leadership position in the industry.”
Mr. Woodward added, “Jay has a proven track record of success throughout the commercial real estate services industry. His depth and breadth of experience is the perfect fit for leading NAI Global.”
Mr. Olshonsky is a frequent speaker at industry and association events nationwide, and is actively involved in community development efforts. He has previously served as Chairman of the National Association of Realtors Commercial Alliance, and President of both the Washington D.C. Association of Realtors and the Greater Washington D.C. Commercial Association of Realtors.
About NAI Global
NAI Global (www.naiglobal.com) is the largest network of independent commercial real estate firms worldwide, comprised of over 5,000 professionals in 55 countries in more than 350 offices. NAI advisors work in tandem with our global management team to ensure our clients strategically optimize their real estate assets. NAI offices complete over $45 billion in combined transactions annually and manage 300+ million square feet of commercial space. NAI Global is a wholly owned subsidiary of C-III Capital Partners (www.c3cp.com).
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