327 Royal Palm residences, in Boca Raton, are officially sold out achieving sales volume of over $50 million. Sales were exclusively led by One Sotheby’s International Realty, with 85% of buyers being local and the rest mostly from the Northeast. The boutique luxury condominium is ten-stories tall and developed by Group P6. It is just steps away from Mizner Park and the 5-star Boca Raton Resort.
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Douglas Elliman Releases Q2 2020 South Florida Market Reports
Douglas Elliman has just released their Q2 2020 Market Reports for South Florida, which were prepared by Miller Samuel, a leading independent appraisal firm. The reports, which cover the areas such as Boca Raton, Delray Beach, Fort Lauderdale, Miami Beach, and the Miami Coastal Mainland, have revealed that the COVID-19 market shutdown during much of the second quarter caused sales to fall sharply in South Florida.
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Robert Barthelmess, Greg Laskody, Christian Johannsen and Kenneth Baboun of BGI Capital.
BGI Capital Announces Expansion to Palm Beach County and a New Managing Director, Gregory J. Laskody
BGI Capital will open a new Boca Raton office and expand its operation to Palm Beach County.
The Miami-based alternative lender and commercial real estate debt provider operates offices in Miami and New York, making this its third location. The new office will be located at 1900 Glades Road, Boca Raton, FL 33431.
Managing Partner Kenneth Baboun is leading BGI Capital’s expansion efforts into key markets, choosing to open a location in the county due to the demand the firm has experienced in the area and its strong network within the community.
In addition to the expansion, BGI Capital also welcomed Managing Director Gregory J.Laskody, CCIM to the firm. Gregory will serve as the firm’s primary Palm Beach County liaison spearheading its efforts to expand debt and capital solutions to a new client base.
With over 30 years of commercial real estate experience, Gregory has extensive expertise in investment sales, commercial real estate mortgage and investment banking, and valuation. Collectively, he has been involved in over $3 billion of commercial real estate transactions. Throughout his career, he has held production, leadership, and management positions with various companies in commercial real estate including Lee & Associates, Deloitte, Nomura Capital, Wells Fargo, Q10 Capital, Newmark Grubb Night Frank, and Colliers International.
“I believe that with my vertically-integrated experience in investment sales and CRE capital markets practice, combined with the firm’s network, will successfully meet our client’s investment objectives.” BGI was founded in Miami in 2013 and expanded into the Northeast in February of 2019 with the opening of its New York office, led by Managing Director Luis Tio. The firm’s presence in New York has led to securing multiple loans in Brooklyn, Astoria, the Bronx and Long Island City among others.In Miami, BGI Capital has played an integral role in the transformation of several Miami neighborhoods including Edgewater, Coral Gables, Brickell and Doral.
Step Inside A Tropical Modern Paradise in Boca Raton Asking $19.75 Million
A tropical modern waterfront residence in Boca Raton has hit the market asking $19.75 million. The new construction, modern museum-like residence offers 5 bedrooms with 6.5 bathrooms and is designed by local architect, Stuart Brenner.
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Virgin Trains Announces Aventura, PortMiami & Boca Raton Stations Will Open In October 2020
Virgin Trains has announced that both the Aventura, PortMiami and Boca Raton stations are expected to come online in October 2020. Formerly known as Brightline, the train line is now in negotiations with Orlando entertainment parks and venues for a 2nd Orlando station while the Orlando International Airport station remains on schedule.
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Douglas Elliman Releases Q1 2019 Market Reports For South Florida
Douglas Elliman released their Q1 2019 Market Reports in South Florida.The South Florida Market reports showed price trends generally edging higher, although sales slipped and inventory slightly increased this quarter. The markets included Miami Beach and Barrier Islands,Fort Lauderdale , Boca Raton, Highland Beach, Delray Beach, Wellington, Palm Beach, Jupiter, and Palm Beach Gardens.
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NHL Superstar Blake Wheeler Of The Winnipeg Jets Former-Boca Raton Home Lists For $1.425 Million
With the hockey playoff’s right around the corner, home buyers can live like an NHL all-star where Blake Wheeler once lived. An American professional ice hockey right winger and captain of the Winnipeg Jets, Wheeler’s onetime Boca Raton home has listed with Colleen Newland of Douglas Elliman Real Estate.
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Douglas Elliman Releases Q4 Market Reports For South Florida
Douglas Elliman has released their Q4 Market Reports for South Florida, produced in conjunction with Miller Samuel a leading independent appraisal firm. The South Florida Market continued to show power in prices, continuing to increase in both the luxury and overall markets across nearly all markets including Miami Beach and Barrier Islands, Fort Lauderdale, etc.
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The Agency And The Agency Development Continue To Expand In South Florida
Just two months after Beverly Hills-based real estate brokerage and lifestyle company, The Agency, launched its operation in South Florida, it has announced the opening of its second and third locations and expanded its new development division, The Agency Development Group (TADG).
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Mauricio Umansky’s The Agency Celebrates Opening of Boca Raton Office at Private Faena Reception
Beverly Hills-based brokerage The Agency has picked Boca Raton as its first location in its highly anticipated expansion plan throughout South Florida.
The luxury brokerage celebrated the announcement last week at a private cocktail reception hosted in Faena’s Living Room, where they hit the ground running; contracts were signed and deals were inked on the hotel’s velvet, cheetah-print couches. The celebration followed The Real Deal’s South Florida Real Estate Showcase & Forum where Umansky revealed the finalized location.
The Agency is launching its office at 20 Southeast Third Street in mid-November, according to managing partners Chris Franciosa and Jared Ringel, who are leading the Agency’s expansion in South Florida along with Howard Elfman, the managing broker.
The brokerage was attracted to the “long-term stability” of Boca Raton and its potential for growth. The two-story, 6,700-square-foot office will house the Agency Development Group and the Agency Creates, its creative division.
The Agency plans to expand the business to Broward and Miami Dade, according to managing partners Franciosa and Ringel who joined the Agency from Douglas Elliman and have sold more than $100 million of real estate in their careers. The Agency anticipates about 20 agents joining the Boca office, but Ringel hinted at the possibility of a Miami location already in the pipeline as well.
In addition to its home base in Beverly Hills, the firm has 25 offices in Brentwood, Calabasas, Danville, Malibu, Noe Valley, Venice, Orange County, Pacific Palisades, Palm Desert, Park City, Scottsdale, Sherman Oaks, Turks and Caicos, Los Cabos, Punta de Mita and elsewhere.
It will compete with other high-end brokerages in South Florida like One Sotheby’s International Realty, the Keyes Company and Lang Realty.
Mike Pappas, CEO of the Keyes Co., stated that “Just as the L.A. market is very intense and competitive, so now is the South Florida market with all the major players, both local firms and firms outside of this market.”
Article by: Katya Demina