What’s Up In The Real Estate Market…

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250 women kick-off Habitat for Humanity of South Palm Beach County’s 2019 WOMEN BUILD

The “Sisters of the Pink Hard Hats” reunited and added to the pack during the kick-off reception for the 2019 Habitat for Humanity of South Palm Beach County’s 2019 WOMEN BUILD.

More than 250 women gathered at the reception held at the Royal Palm Yacht & County Club last month.

The women will get together next when they build a home for a mother and daughter on May 9-May 11.

Following an impassioned call to action from HFHSPBC Vice President & Chief Development Officer Kari Oeltjen and remarks from the nonprofit’s CEO & President Randy Nobles, this year’s mother/daughter WOMEN Build Co-Chairs Beverly Raphael Altman and Robyn Raphael-Dynan shared their commitment.

The co-chairs are women builders every day as the CEO and Vice President of Operations of RCC Associates, a women-owned general contracting firm.

During the reception underwritten by Cheney Brothers and Republic National Distributing Company, Women Builders also had the chance to meet and hear an emotional personal journey from the future homeowners Habitat Partner Family mother, Ilomine a housekeeper at Abbey Delray South senior living community and her daughter Jessie, an oncology nurse at Delray Medical Center.

Through a “hand up, not hand out,” the duo has qualified for a zero-interest mortgage for the home through the HFHSPBC Partner Family program. To do so, they completed over 500 hours of “sweat equity” paying it forward by building on other families’ homes and over 100 hours of financial literacy and homeowner maintenance classes.

“As a mom myself who continues to be inspired by own mom, I realize how important and game-changing it is to help another mother and daughter achieve the American Dream of home ownership,” said Co-Chair Raphael-Dynan who is a HFHSPBC Board Member and Vice President of Operations at RCC Associates.

RCC has donated the firm’s time, talent and financial resources and recruited vendors to build two other HFHSPBC homes, from foundation to move-in ready.

Women’s Council of Realtors Names Amy Stark Snook Entrepreneur of the Year

The Women’s Council of Realtors Greater Palm Beach County recently named Amy Snook, a partner in the All About Florida Homes Team of Keller Williams Realty, 2018 Entrepreneur of the Year.

This honor is awarded to a member who has exhibited business leadership in their work and community. The awards program recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities.

“It’s an honor to be named Entrepreneur of the Year by the Women’s Council of Realtors. It’s a testament to our own workforce and the success we’ve been fortunate to enjoy as we grow and evolve,” Snook said.

Snook, a 1990 graduate of the University of Maryland, is a partner in the All About Florida Homes team of Keller Williams Realty, along with co-partner Noreen Payne of Delray Beach.

She has been practicing real estate and title insurance for 17 years and is currently the Florida State secretary for Women’s Council of Realtors. Snook is also a director of the Realtors Association of the Palm Beaches and Greater Fort Lauderdale, a director of Florida Realtors, and sits on the executive board of Vita Nova.

Palm Beach County Property Appraiser speaks at Mortgage Bankers Association of the Palm Beaches luncheon

Palm Beach County Property Appraiser Dorothy Jacks was the guest speaker at the recent Mortgage Bankers Association (MBA) of the Palm Beaches luncheon.

Jacks spoke to the group about the Palm Beach Property Appraiser website that was updated to assist home owners and future home owners with a better and more user-friendly experience.  She spoke on the updates to the flood plains maps in Palm Beach County and the benefits and calculations for homestead as well as the portability calculations. These are now integrated in the website to assist customers with the calculations.

Uptown Boca partners close on $125 million construction loan

Giles Capital Group, Rosemurgy Properties and Schmier Property Group in partnership with Wheelock Street Capital closed on a $125.65 million construction loan for Uptown Boca last month.

The transaction was brokered by Elliott Throne and Steven Klein from HFF.

Jutland Finance Inc. provided financing for the project, which will bring more than 1 million square feet of new retail with residential development to Boca Raton.

Situated on a 38-acre site in west Boca Raton, Uptown Boca will feature 171,806-square-feet of upscale retail space and 456 Class A luxury apartments.

Confirmed tenants include Lucky’s Market, Silverspot Cinema, Chick-fil-A, Bolay and BurgerFi.

The center is the last undeveloped parcel located off of Glades Road. The retail component is expected to deliver in late 2019 with the residential component available in early 2020.

“Uptown Boca is creating a center that will become an integral part of the west Boca community,” said Rick Giles, CEO of Giles Capital Group. “As west Boca’s first retail and apartment development in over 20 years, Uptown Boca will bring much-needed new dining, entertainment and living options to the area. We are extremely grateful for Jutland Finance’s confidence in our project and our goal of bringing an exciting destination to the community.”

Uptown Boca offers one, two, three and four-bedroom units. The apartments create a convenient lifestyle for its residents by offering unparalleled amenities including a 24-hour fitness and business center, yoga, spin and stretching room, gaming and theater room, zero edge pool, ride sharing lounge and an outdoor summer kitchen. The building also includes a resident lounge, kids play area and dog park and lounge.

For more information about Uptown Boca, please visit uptownboca.com.