Terran Orbital, based in Boca Raton, is in the process of being acquired by defense contractor Lockheed Martin. Photo provided by Proof Photography
By Christine Davis
Terran Orbital’s Tyvak Nano-Satellite Systems Inc. was recently awarded $254 million by the Space Development Agency to produce 10 satellites for the Tranche 2 Transport Layer Gamma contract.
Terran Orbital, based in Boca Raton and in the process of being acquired by Lockheed Martin, will undertake the design, construction, integration, testing and delivery of these satellites. This will include the integration of the associated ground control system and the execution of launch and early operations.
These satellites will carry equipment designed to detect and respond to threats through the Proliferated Warfighter Space Architecture. PWSA envisions a constellation of hundreds of satellites in low-Earth orbit, featuring advanced satellite communications, data transport, missile warning and missile-tracking functionalities.
“Our ongoing collaboration with the Space Development Agency across multiple Tranche iterations has been immensely rewarding, and we deeply value their continued trust in our capabilities,” said Marc Bell, chairman, co-founder and chief executive officer at Terran Orbital.
Delivery for launch is scheduled to begin in 2027.
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Dort Financial Credit Union, which was acquired by Flagler Bank last year, celebrated its new ownership with ribbon-cutting ceremonies at its four Florida branches, one of which is at 5255 N. Federal Highway, Boca Raton.
Now being operated as Flagler Credit Union, a Division of Dort Financial, it is served by the same staff and will provide expanded services later this year. Former Flagler Bank President Ed Sterling is now the chief operations officer of Flagler Credit Union.
Dort Financial Credit Union was founded in 1951 and serves more than 110,000 members with assets exceeding $2 billion across 11 locations in Michigan and four in Florida.
Membership is open to individuals in Michigan or Palm Beach, Martin, Hendry and Broward counties. For more information, visit flaglercu.org.
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BrickTop’s restaurant plans to open a Delray Beach location at 12 NE Fifth Ave. by next summer.
The Nashville-based chain updated the site plan application it submitted in October 2022, which was reviewed and approved by the city’s Site Plan Review and Appearance Board on July 24. Sited on a 0.37-acre lot, the new 4,420-square-foot Deco-style restaurant will have a 580-square-foot mezzanine for additional dining and 21 on-site parking spaces.
The site plan application listed Jeffrey A. Costello, principal of the Delray Beach-based JC Planning Solutions, as the restaurant’s agent. The lot is owned by 12 NE 5th LLC, with Pascal Liguori of Delray Beach-based Premier Estate Properties listed as the registered agent. The LLC paid Bethesda Hospital Foundation Inc. nearly $3.6 million for the commercial site in May 2021.
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The health food cafe Pura Vida, founded by Omer and Jennifer Horev in 2012 with more than 20 locations in South Florida, is scheduled to open this month at 6 S. Ocean Blvd., Delray Beach, taking the place of the former BurgerFi, which closed this year.
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A newly completed seven-bedroom, 14,427-total-square-foot waterfront estate at 360 E. Alexander Palm Road, Boca Raton, in the Royal Palm Yacht & Country Club, sold in July for $28.5 million.
The 360 East Alexander Palm Road Trust, with Miami attorney Jay M. Sakalo as trustee, was the owner. The buyer is listed as Alexander Palm Road Trust, with Coral Springs attorney Larry A. Rothenberg as trustee. David W. Roberts of Royal Palm Properties represented the seller in the deal, while Angelo Liguori of Premier Estate Properties represented the buyer.
On a 0.48-acre property along a canal leading to the Intracoastal Waterway, the home was built by Boca Raton-based SRD Building Corp.
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Alan B. Miller and his wife, Jill, sold their Manalapan oceanfront estate at 3 Ocean Lane for $18.25 million to Corinne Anna Buckley. Alan Miller founded Universal Health Services, a chain of hospitals and other health-care providers, in 1979.
The Millers paid $2.25 million for the house in 1992 and remodeled it in 2001.
Pascal Liguori and Antonio Liguori of Premier Estate Properties were the listing agents. Matthew Moser and Nicholas Gonzalez of The Matt and Nick Team at Serhant represented the buyer.
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The 1964 East Royal Palm Trust — with Robert C. Kopple as trustee and Andrew and Stephanie Left as homestead property owners — sold a residence at 1964 Royal Palm Way, Boca Raton, in the Royal Palm Yacht & Country Club, for $15.8 million. It was purchased by RP 1964 Trust, with Paul A. Krasker as trustee. The Lefts bought the property for $11.25 million in January 2021.
Andrew Left heads the California-based Citron Capital. In late July, the SEC filed a civil lawsuit against Left accusing him of stock fraud. The U.S. Attorney’s Office for the Central District of California also charged Left with felony securities fraud. Both cases remain pending.
David W. Roberts of Royal Palm Properties represented the seller in the deal, while Jessica Schuble of Serhant worked with the buyer.
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Boca Raton-based Concierge Property Solutions was named development consultant for the 28-unit Glass House Boca Raton residential development at 280 E. Palmetto Park Road.
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The Lantana Chamber’s Leadership Program, which runs through March 2025, offers firsthand experiences, behind-the-scenes access, and an inside look at how the community works and the challenges it faces.
The program aims to help participants hone their leadership strengths, find new areas to make contributions and grow a network.
The kickoff event is scheduled for 5:30 to 7:30 p.m. Sept. 12 at Ravish Off Ocean, 210 E. Ocean Ave., Lantana.
The cost of the program is $350 for Lantana Chamber members and $400 for non-members. To register, visit lantanachamber.com/2024-2025-lantana-leadership.
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Florida Atlantic University’s Dorothy F. Schmidt College of Arts and Letters presents “The Constitution Today” with Emily Bazelon and Katie Phang at 2 p.m. Sept. 17.
Bazelon, staff writer for The New York Times Magazine, will share her expertise on how the U.S. Constitution continues to shape and influence contemporary legal debates and social issues.
Phang, host of The Katie Phang Show on MSNBC and a legal contributor for NBC News and MSNBC, will provide analysis and commentary on the associated legal issues across the globe. A panel discussion will follow the presentations.
The event is sponsored by the FAU School of Communication and Multimedia Studies; Department of Political Science; Division of Student Affairs; and the Osher Lifelong Learning Society.
It will be held at the Osher Lifelong Learning Society’s Barry and Florence Friedberg Auditorium, 777 Glades Road, on FAU’s Boca Raton campus. Tickets are $20 and are available at 561-297-6124 or fauevents.universitytickets.com/w/event.aspx?id=6264.
Send business news to Christine Davis at cdavis9797@gmail.com.
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