What’s Up In The Real Estate Market…

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Kaufman Lynn Construction breaks ground on its largest project

Kaufman Lynn Construction (KL) recently broke ground on JM Family Enterprises’ $150 million headquarters renovation and expansion in Deerfield Beach.

The state-of-the-art campus is slated for completion in 2021. It is the largest project KL has undertaken in its 29-year history.

Over three years, seven of the campus’ existing buildings will be demolished, three existing buildings will remain, and eight new structures will be erected, including three office buildings, a two-story dining hall, 20,000 square foot sports complex, 55,000-square-foot conference and training center, and 900-vehicle parking garage.

The new open-style campus will be complete with a café, collaboration space, outdoor central plaza, fountains and walkways to encourage a connected work environment and appeal to new generations of professionals who prefer open space to cubicles.

Delray mortgage banker arranges $6.72 million of financing for retail center in Melbourne

Chris Romer of Dockerty Romer & Co., a RECA member, has arranged permanent mortgage financing in the amount of $6.72 million  for an anchored retail property located in Melbourne.

The property, known as Constellation Commons Shopping Center, is a newly constructed 94.5 percent leased 42,668-square-foot anchored retail center.

The property is positioned along the west side of Wickham Rd. in the heart of Melbourne. The anchor tenants include Goodwill and Dollar Tree, the property also has an outparcel that includes Einstein Bros. Bagels and T Mobile.

Dockerty Romer & Co. arranged the financing through Deutsche Bank on behalf of their clients DMB Constellation Commons, LLC. Deutsche Bank provided a competitive 10 year, fixed-rate mortgage.

“Both the borrower and lender worked very well together in an effort to reach a successful outcome,” Romer said.“Deutsche Bank provided an excellent debt structure which will allow our client to execute on their long-term business plan for this asset.”

St. Andrews Country Club home closed for more than $5.8 million

Sale is 2nd highest home sale at the club in the last decade

Steven Seigel, Director of Luxury Sales at Dettman Realty Group LLC  in partnership with Aaron Buchbinder of BEX Realty, recently announced  that their sale of the home belonging to Mr. and Mrs. Jared Perlin at 17308 White Haven Drive at St. Andrews Country Club in Boca Raton, closed for a record-breaking $5,862,500 to an unnamed buyer.

“We were able to negotiate an amazing deal on behalf of our buyers for one of the largest homes and best lots in St Andrews,” Seigel said. “With the help of my team, the clients were able to see the potential in this property where other buyers couldn’t because of the very specific style the previous owners had chosen for the home.”

The European-inspired estate has 6 bedrooms, 8 bathrooms and totals13,962-square-feet under air.

The home is situated on .89 acres with 475 feet of panoramic lake front and golf course views. The home functions seamlessly for entertaining and comfort and features:

  • Custom architectural elements and designer finishes
  • Marble and wood floors throughout
  • Stunning ceiling treatments
  • Classic wrought-iron circular stairway
  • Outdoor living room and garden terrace
  • Infinity pool in a resort-style oasis
  • Custom-designed home theater
  • Family room with pub
  • Billiard room
  • Grand master suite wing with rich wood paneled library
  • Second office
  • Stream Lang Realty TV 24/7

Lang Realty recently launched Lang TV (www.langrealty.tv), a lifestyle real estate channel that streams worldwide online 24/7.

The channel features South Florida’s finest agents, real estate, lifestyle activities, interior design, travel, country club living and more.

“As marketing platforms continue to evolve, this innovative format is designed to provide our agents with a competitive advantage in connecting with potential home buyers, sellers, other agents and local businesses throughout South Florida,” said Scott Agran, president of Lang Realty.

Each week a new show or segment will broadcast starting each Monday.  The line-up includes:

Showcase of Homes with host Oliva Hollaus who will take viewers on a breathtaking journey through South Florida’s most spectacular properties for sale and meet the agents that represent them.

Luxury Living at The Oaks with Lisa Hindin & Brian Bahn. Viewers will get a peek behind the scenes at The Oaks to meet the staff, learn about the amenities and get a personal inside look at some beautiful homes for sale.

Luxury Living at DelAire Country Club with Jim Pappas and Paul Bivda. This show will feature DelAire Country Club and its amenities such as tennis, golf and restaurants, as well as 4-5 homes for sale in the community.

The Luxury Living series will be an on-going 30-minute special featuring a different country club or community.

Produced by BYL Network, Lang TV Lang TV can be viewed across all Smart TV’s, Roku, Apple TV and from any internet connection around the world by logging onto www.langrealty.tv.