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== Career == |
== Career == |
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Farkas’ primary investment vehicle is Island Capital Group, set up as a [[merchant bank]]. The company has a subsidiary, Island Global Yachting, which develops and manages [[marina]]s.<ref name= “NYT Biggest Yachts” >{{cite web |last1=KALOSH |first1=ANNE |title=For the Biggest Yachts, More Than a Dock |url=https://www.nytimes.com/2006/10/04/realestate/greathomes/04GH-thomas.html |website=nytimes.com |publisher=The New York Times |access-date=4 December 2025}}</ref> |
Farkas’ primary investment vehicle is Island Capital Group, set up as a [[merchant bank]]. The company has a subsidiary, Island Global Yachting, which develops and manages [[marina]]s.<ref name= “NYT Biggest Yachts” >{{cite web |last1=KALOSH |first1=ANNE |title=For the Biggest Yachts, More Than a Dock |url=https://www.nytimes.com/2006/10/04/realestate/greathomes/04GH-thomas.html |website=nytimes.com |publisher=The New York Times |access-date=4 December 2025}}</ref> |
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In 2010 he acquired Centerline Holding Company, a major commercial real estate mortgage servicer.<ref>{{cite web |last1=Pillifant |first1=Reid |title=Farkas Re-Takes Manhattan |url=https://observer.com/2010/03/farkas-retakes-manhattan/ |website=observer.com |publisher=The Observer |access-date=4 December 2025}}</ref><ref>{{cite web |last1=Wei |first1=Lingling |title=Farkas Closes Deal to Buy Centerline |url=https://www.wsj.com/articles/SB10001424052748704706304575108021607933514?gaa_at=eafs&gaa_n=AWEtsqf2rHSQVLgCNHpaas3qd1jE4fw8q800s_SrHX-JPkt4HegwdF36VxLTpf8oisc%3D&gaa_ts=69310d21&gaa_sig=Hzkmq-TXV4b_kB2X6j75hIouPKLeDt2n82GuxX70GoUqmcr0NqGj6tMejygdE9k4EzJR_Rf00eUFYegQCA_U5w%3D%3D |website=wsj.com |publisher=The Wall Street Journal |access-date=4 December 2025}}</ref> |
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In 2017 Farkas attempted to enter into a partnership with Marty Burger but the deal collapsed.<ref>{{cite web |last1=TROMBOLA |first1=NICK |last2=HALLUM |first2=MARK |title=Partnership Between Marty Burger and Andrew Farkas Falls Apart |url=https://commercialobserver.com/2024/04/burger-farkas-partnership-falls-apart/ |website=commercialobserver.com |publisher=Commercial Observer |access-date=4 December 2025}}</ref> |
In 2017 Farkas attempted to enter into a partnership with Marty Burger but the deal collapsed.<ref>{{cite web |last1=TROMBOLA |first1=NICK |last2=HALLUM |first2=MARK |title=Partnership Between Marty Burger and Andrew Farkas Falls Apart |url=https://commercialobserver.com/2024/04/burger-farkas-partnership-falls-apart/ |website=commercialobserver.com |publisher=Commercial Observer |access-date=4 December 2025}}</ref> |
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Latest revision as of 04:48, 4 December 2025
Andrew Farkas is an American businessman primarily involved in real estate and banking.
Farkas’ primary investment vehicle is Island Capital Group, set up as a merchant bank. The company has a subsidiary, Island Global Yachting, which develops and manages marinas.[1]
In 2010 he acquired Centerline Holding Company, a major commercial real estate mortgage servicer.[2][3]
In 2017 Farkas attempted to enter into a partnership with Marty Burger but the deal collapsed.[4]
It came to light after Jeffrey Epstein‘s second arrest that Epstein owned 50% of the American Yacht Harbour at Red Hook;[5] the other half was owned by Farkas. The partnership came about in 2007 when Epstein was having financial, regulatory and legal problems.[6][7]
In 2021 a joint venture headed by Farkas purchased the Lexington Hotel (New York City).[8]
Farkas was one of the primary fundraisers for New York politician Andrew Cuomo, Farkas also briefly employed Cuomo.[9]
In 2016 Farkas and his second wife divorced.[10]
- ^ a b KALOSH, ANNE. “For the Biggest Yachts, More Than a Dock”. nytimes.com. The New York Times. Retrieved 4 December 2025.
- ^ Pillifant, Reid. “Farkas Re-Takes Manhattan”. observer.com. The Observer. Retrieved 4 December 2025.
- ^ Wei, Lingling. “Farkas Closes Deal to Buy Centerline”. wsj.com. The Wall Street Journal. Retrieved 4 December 2025.
- ^ TROMBOLA, NICK; HALLUM, MARK. “Partnership Between Marty Burger and Andrew Farkas Falls Apart”. commercialobserver.com. Commercial Observer. Retrieved 4 December 2025.
- ^ Staff, SUZANNE CARLSON Daily News (July 12, 2019). “Jeffrey Epstein owns half of American Yacht Harbor”. The Virgin Islands Daily News.
- ^ Kocieniewski, David; Levin, Jonathan (July 23, 2019). “Jeffrey Epstein, in Hour of Need, Did Port Deal with New York Property Tycoon”. Bloomberg.
- ^ “Who is Andrew Farkas, Who Owned a Marina With Jeffrey Epstein?”. nytimes.com. The New York Times. Retrieved 4 December 2025.
- ^ Cryan, Elizabeth. “Andrew Farkas eyes $275M for Lexington Hotel”. therealdeal.com. The Real Deal. Retrieved 4 December 2025.
- ^ SKELDING, CONOR; NAHMIAS, LAURA; MAHONEY, BILL. “Hacked Sony emails reveal Cuomo fund-raising details”. politico.com. Politico. Retrieved 4 December 2025.
- ^ “Andrew Farkas splits with second wife”. therealdeal.com. The Real Deal. Retrieved 4 December 2025.
