What’s Up In The Real Estate Market…

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Delray realtor participates in collaborative real estate mission to Berlin

Christel Silver, owner of Silver International Realty in Delray Beach, Florida, recently participated in a collaborative real estate mission to Berlin, Germany organized by the Florida Realtors Association.

The meeting resulted in a Memorandum of Understanding signing between the Florida Realtors and the IVD (Immobilien Verband Deutschland) Berlin-Brandenburg Immobilientag in Berlin.

During that meeting, both associations affirmed the value of international collaboration and agreed to endeavor to exchange information in the general field of real estate, promote professionalism in the real estate industry and other activities that provide mutual benefits to both organizations.

“The IVD is offering a portal IVD24 to share projects which would be the beginning of an ‘MLS System,’” Silver said. “It would be only for IVD members as well as their international members. The German government will be requiring continuing education to sell real estate which, in my opinion, is a good beginning to hopefully require licensing in the future.”

FAU Professor Ken Johnson new president of American Real Estate Society

Associate dean of graduate programs and professor of finance in the College of Business at Florida Atlantic University Ken Johnson is the new president of the American Real Estate Society.

Founded in 1985, ARES is an association of real estate thought leaders. Members are drawn from academia and the profession at large, both in the United States and internationally. The society is dedicated to producing and disseminating research and knowledge about real estate decision making and the functioning of real estate markets.

Johnson was elected associate program chair of ARES in the spring of 2015, becoming a member of the ARES Executive Committee. He has since progressed through a series of offices in the organization, including program chair and president-elect. After serving his term as president, Johnson will become immediate past president.

In addition to being the ARES president for 2018-19, Johnson serves as the ARES publications director, managing and overseeing the suite of ARES journals, which includes the Journal of Real Estate Research; Journal of Housing Research; Journal of Real Estate Literature; Journal of Real Estate Portfolio Management; and Journal of Sustainable Real Estate.

Johnson joined ARES in 2000 while a graduate student in the Ph.D. program at the University of Alabama.

Johnson said his two major external goals for the association are to move ARES toward becoming the recognized center of real estate expertise, and move ARES into additional revenue streams to better promote members’ scholarship and knowledge creation.

Habitat for Humanity’s 2019 Women Build chairs announced

The co-chairs for the 2019 Women Build will be a mother-daugher team familiar with construction.

President and CEO of RCC Associates Beverly Raphael Altman and Vice President of Operations for RCC Associates Robyn Raphael-Dynan will lead the charge of the next all women Habitat For Humanity build.

More than 125 women participated in the 2018 women build and raised $208,000.

Delray agent completes 15 sales in 70 days totaling over $36 million in sales

Steven Presson, leader of The Presson Group, recently completed 15 residential sales for his clients in just 70 days, breaking his previous record from just months ago.

The combined sales of these 15 transactions exceeds $36 million in total sales.

In the last five years, Steven Presson has successfully closed more than 90 transactions.

Presson was also recently recognized as the No. 2 agent at Corcoran Group of the Palm Beaches for the first quarter of 2018 among 133 realtors.

Presson attributes his success to his close relationship he develops with each client. “I work very closely with all my clients in a team atmosphere as we work towards the same goals,” Presson said.

Boca interior designer tapped as president-elect ASID Florida South Chapter

Elizabeth “Lisa” Nieves, Allied ASID and interior designer at Clive Daniel Home’s Boca Raton showroom has been named President-elect of the ASID Florida South Board of Directors for the 2018-2019 fiscal year.

She will take her oath of office on Sept. 29 during the Design Excellence Crystal Awards event.

Her primary role as president-elect will include assuming the responsibilities of the chapter president in her absence; assisting the chapter president in carrying out the functions of that office and performing specific duties delegated by the chapter president and facilitating the chapter board in understanding its role and responsibilities.

Delray mortgage bankers arrange financing for Hollywood center

Bob Dockerty  and Nancy Dockerty of Delray-based Dockerty Romer & Co. have arranged acquisition-bridge  financing in the amount of $6.5 million for a flex/industrial center located in Hollywood.

The property, located at 2850 Greene St., is a 60,000-square-foot vacant industrial building. It is located between Stirling Road and Sheridan Street and has frontage along Interstate-95.

Dockerty Romer & Co. worked on behalf of their client Avid Asset Properties Hollywood, LLC  to arrange the financing.

The borrower acquired the asset thru a 1031 exchange. Ready Capital  provided short term bridge financing which will allow the owner to pursue his business plan.

“The lender was able to close the loan within a short period of time which was critical for the borrower’s business plan,” Bob Dockerty said.