Delray Beach author and developer Frank McKinney addresses an open-house crowd
from atop his latest effort, a micro-mansion being offered at $3.95 million.
The 4,042-square-foot home is near the beach in Ocean Ridge and is being represented
by Pascal Liguori of Premier Estate Properties.
Jerry Lower/ The Coastal Star
By Christine Davis
The Greater Boynton Beach Chamber of Commerce hosted its Key to Success Business Awards Gala in January. The Business of the Year Award went to Senior Helpers, owned by Michael and Leann Mohl. The Nonprofit of the Year Award was given to the YMCA of South Palm Beach County. The Young Professional of Boynton Choice Award went to Elissa Erman, owner of Universal Coaching Services. The Health Care Initiative of the Year Award was given to Bethesda Health. The Women’s Business of the Year Award went to Debra Slobodow, owner of Primerica. The New Member of the Year Award was given to Rick Maharajh, owner of RM Logitech. The Harvey Oyer Jr. Community Service Award went to Robert Taylor Jr.
Karen Granger, president and CEO of the Greater Delray Beach Chamber of Commerce, welcomed 130 members and supporters to the chamber’s annual membership luncheon and installation of officers in January.
Cathy Balestriere, general manager of Crane’s Beach House Boutique Hotel & Luxury Villas, was sworn in as the chamber’s chair of the board. Others installed include Bill Branning of BSA Construction as advocacy vice-chair; Jesse Flowers of CenterState Bank as finance vice-chair; Kelli Freeman of Hamilton House Oceanfront Condos as government affairs vice-chair; Sarah Martin of Experience Epic, LLC as programming vice-chair, Christina Morrison of Carmel Real Estate & Management as economic development vice-chair, Noreen Payne of Northwestern Mutual/The Ruhl Financial Group as membership vice-chair; Rob Posillico of The Scirocco Group as the 2018 chair elect; and Suzanne Spencer of The Crossroads Club as education vice-chair.
The Delray Beach chamber’s 2017 board of directors are Mark Bryan of Delray Medical Center; Daniel Castrillon of The Scirocco Group; James Chard of Human Powered Delray; Lee Cohen of Carner, Newmark & Cohen, LLP; Sarah Crane of The HOW Foundation; Neal de Jesus, interim city manager of Delray Beach; Mark Denkler of Vince Canning Shoes; Evelyn Dobson of Delray Beach Community Land Trust; Sophia Eccleston of Florida Power & Light Co.; Charlene Farrington of Spady Cultural Heritage Museum; Casey Flaherty of Delray Honda; Roger L. Kirk of Bethesda Hospital East; Connor Lynch of Plastridge Insurance Agency; Jeffrey Lynne of Beighley, Myrick & Udell, PA; Jeff Perlman of CDS International Holdings Inc.; Scott Porten of Porten Cos.; David Schmidt of Simon & Schmidt; Barbara Stark of The Milagro Center; and Rob Steele of Old School Square. Stephanie Immelman of the Delray Beach Marketing Cooperative was named ex-officio board member.
At the luncheon, Sarah Martin and Rob Posillico won Director of the Year Awards; Sally Areson was named Chamber Ambassador of the Year; and Simon & Schmidt received a special award as a 50-year member.
Year-end market statistics for Palm Beach County have been released from the Realtors Association of the Palm Beaches.
For townhouses and condos, year over year, closed sales were 13,106, down 6 percent. Median sales were priced at $157,000, up 11.7 percent. The average sales price was $239,426, up 2.8 percent. Inventory was listed at 6,205, up 6.1 percent.
For single-family homes, closed sales were at 17,501, down 3.4 percent. Median sales were $306,953, up 7.7 percent. Average sales were at $471,710, up 6.1 percent, and inventory was listed at 7,127, up 6.6 percent.
A new contemporary-style spec oceanfront home at 920 S. Ocean Blvd. in Manalapan sold for $28 million, according to the deed recorded by the Palm Beach County Clerk’s office. The three-story, eight-bedroom house with 17,719 total square feet was sold by its developer, Farrell Building Co.
The buyer listed on the deed, JSEJ LLC, is a limited liability company with an address in Philadelphia. Broker Christian Angle of Christian Angle Real Estate handled both sides of the sale.
A deed recorded Feb. 7 shows that Doris and Neil Gillman sold their 1.3-acre oceanfront four-bedroom estate at 3333 N. Ocean Blvd., Gulf Stream, for $18.5 million. A pocket listing, it was advertised at $19.95 million. The buyer is Sea Turtle Haven LLC, a Delaware company. It was listed and sold by Corcoran Group agents Nicholas Malinosky and Randy Ely, who say it’s a record breaker for Gulf Stream. Previously, 1511 N. Ocean Blvd. sold for $17,667,500 in March 2007. According to a deed recorded on Feb. 14, Doris Gillman bought a newly constructed home at 300 E. Key Palm Road in Boca Raton’s Royal Palm Yacht and Country Club for $12.42 million. The 1,774 total-square-foot, five-bedroom home was recently completed by SRD Building Corp.
A residence at 1255 N. Ocean Blvd. in Gulf Stream, listed by Malinosky and Ely for $16.45 million, sold for $15 million on Feb. 7. It was built by Mouw Associates Inc., designed by Gary Eliopoulos and decorated by Phoebe Howard. The sellers bought the house in June 2008 for $5.5 million.
Lang Realty hosts its sixth annual Open House Extravaganza from noon to 4 p.m. March 19. It offers an opportunity to tour a selection of single-family homes, condos and waterfront estates from Boca Raton to Port St. Lucie. Visit www.LangRealty.com for a list of participating properties.
Lang Realty announced sales of more than $1 billion for 2016. Also, this year the company has launched a rebranding campaign. Lang Realty has more than 400 agents with offices in Boca Raton, Delray Beach, Boynton Beach, Manalapan, West Palm Beach, Palm Beach Gardens, Jupiter and Port St. Lucie.
Royal Palm Properties will host its “Showcase of Homes” on March 26. The open house will feature 25 homes in the Royal Palm Yacht and Country Club. Broker/owner David Roberts has been hosting this annual event for more than 30 years.
In January, Equity One, a North Miami Beach and New York-based REIT, sold the 164,980-square-foot Lantana Village Square shopping center at 1201 and 1301 S. Dixie Highway and 457 Greynolds Circle to Lantana SDC LLC, an affiliate of Miami-based Saglo Development Corp., for $10.2 million. Casey Rosen of CBRE brokered the sale and debt was provided by BB&T.
On Jan. 25, at a Delray Beach Site Plan Review and Appearance Board meeting, Kolter Group unveiled plans for a four-story, 150-room hotel and 116-space parking garage to be located on a 1.169-acre parcel at 135, 145, 169, and 185 SE Sixth Ave., Delray Beach. The project has been underway since August 2016, as stated in the town’s video of the meeting.
While compliant with the city’s code and design guidelines, the project is adjacent to the Marina Historic District, and neighbors complained that they had not been kept informed. They expressed concern about the impact of traffic as well as the building’s architecture. In light of this, the board postponed making a decision.
Research faculty members at Florida Atlantic University rank 24th in the world for their intellectual contributions to the real estate industry through their publications in top peer-reviewed journals, according to the Journal of Real Estate Literature.
FAU ranked No. 32 in the latest ranking of Best Online Graduate Business Programs (non-MBA) from U.S. News & World Report. Online programs at the university include master of accounting, executive master of taxation, and executive master’s in health administration.
The Accreditation Council for Business Schools and Programs has awarded Palm Beach State College accreditation of its bachelor’s level supervision and management programs. Offered on the Lake Worth campus, as well as online, the programs include general management, entrepreneurship, health management and project management.
Delray Beach resident Allison Turner, CEO and owner of BCoSF Inc., was appointed vice president of Network Professionals Inc.’s Palm Beach Gardens Get Connected Chapter. Network Professionals Inc. consists of business people, one in each professional category, who network through exchanging business referrals.
Katz & Associates promoted Jon Cashion to senior director of leasing and investment sales, Paige Eber to vice president, and Donny Moskovic to director. The company’s Boca Raton office is at 2300 Glades Road.
NAI/Merin Hunter Codman, Inc. named Lesley Sheinberg its 2016 Broker of the Year after she completed 250,000 square feet in commercial transactions for that year. Sheinberg specializes in office leasing and investment sales for institutional and private equity clients that include JP Morgan, Equus CapitalPartners and Lionstone Investments. NAI/Merin Hunter Codman’s Boca Raton office is at 951 Yamato Road.
Anne Lacombe, vice president of public relations for The Corcoran Group, has taken over Corcoran’s Delray Beach market public relations efforts.
Steven G. Rappaport, Esq. was appointed to the board of directors of the Fair Housing/Equal Employment Board of Palm Beach County, for the term from January 2017 through Sept. 30, 2019.
Scott Field of Realty Associates was installed as president of The Realtors Commercial Alliance of the Palm Beaches and Treasure Coast. Other officers installed for one-year terms include: Ken Duke of Illustrated Properties Commercial as president-elect (for 2018), Robert Goldstein of Hospitality Consultants as secretary, Christina Morrison of Carmel Real Estate and Management as treasurer, and Douglas Rooks of Century 21 All Professional as Treasure Coast chairman.
In addition, Arnold Broussard of Realty Group of the Palm Beaches, Michael Golieb of American Property Exchange, Erik Johnson of Genesis Commercial Group, Gretchen Krise and Blair Lee of Lighthouse Realty Services, and John Schmidt of Cornerstone Realty will serve as 2017 directors.
Palm Beach Travel’s new service led by Kandace Philosophos, Palm Beach Art & Travel, will showcase post-war and contemporary artists in functions such as popup shops within galleries. Call 515-5411 or visit www.palmbeachtravelandart.com.
Send business news to Christine Davis at email@example.com.