headquarters - News - The Coastal Star2024-03-29T08:57:59Zhttps://thecoastalstar.com/profiles/blogs/feed/tag/headquartersBusiness Spotlight: Mizner condo developer moves headquarters to Boca to manage new projecthttps://thecoastalstar.com/profiles/blogs/business-spotlight-mizner-condo-developer-moves-headquarters-to-b2018-08-29T04:41:55.000Z2018-08-29T04:41:55.000ZMary Kate Leminghttps://thecoastalstar.com/members/MaryKateLeming769<div><p class="p1"><strong>By Christine Davis</strong></p>
<p class="p1"><strong>E</strong><b>l-Ad National Properties</b>, an <b>Elad Group</b> company that develops, manages, sells and administers operations for 4,372 Florida properties, has moved its headquarters from Plantation to downtown Boca Raton in the <b>Bank of America</b> building, 150 E. Palmetto Park Road, Suite 400.</p>
<p class="p2"><span class="Apple-converted-space"> </span> From its new location, it plans to hire additional employees to manage its $500 million <b>ALINA Residences Boca Raton</b>, a luxury condominium community with up to 384 units that will replace the <b>Mizner on the Green</b> townhomes on Southeast Mizner Boulevard. One building of the old complex has already been demolished to make room for a sales center for the project, which debuts its new name this month.</p>
<p class="p3">“We have long had a real estate presence in Boca Raton and are now pleased to officially call Boca Raton and Palm Beach County home,” said El-Ad National Properties executive director of development <b>Noam Ziv</b>.</p>
<p class="p3">In line with the project, El-Ad National Properties is partnering with businesses and nonprofit groups that include a programming collaboration with the <b>Boca Raton Museum of Art</b>, memberships in the <b>Boca Downtown Business Alliance</b> and <b>Boca Raton Chamber</b>, and support of the <b>Golden</b> <b>Bell Education Foundation</b>, <b>Habitat for Humanity of South Palm Beach County</b> and the <b>FAU Charles E. Schmidt College of Medicine</b>.</p>
<p class="p3">Elad Group, a real estate company with several billion dollars in assets, focuses on the acquisition, development and conversion of architecturally significant residential and commercial properties in markets throughout the United States.</p>
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<p class="p3"><b>Douglas Elliman Real Estate</b> has acquired the Boca Raton firm <b>Pink Palm Properties</b> that was led by <b>Rochelle LeCavalier</b> and specialized in properties in <b>Royal Palm Yacht & Country Club</b>. LeCavalier and her team will work out of Elliman’s Boca Raton office at 444 E. Palmetto Park Road.</p>
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<p class="p3">Sales of homes priced at $600,000 and above saw an unprecedented rise in July compared with the same month last year, according to the <b>Realtors of the Palm Beaches and Greater Fort Lauderdale</b>.</p>
<p class="p3">Sales of homes priced at $1 million or more rose 30.6 percent, and home sales in the $600,000 to $999,999 range showed a 26.6 percent increase for the same month.</p>
<p class="p3">The median sales price of single-family homes increased 4.2 percent to $350,000; active inventory decreased 5.1 percent. <span class="s1"><span class="Apple-converted-space"> </span></span></p>
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<p class="p3">Sales numbers are looking especially good for <b>Corcoran Group</b> agent <b>Steven Presson</b>.</p>
<p class="p3"><a href="{{#staticFileLink}}7960805287,original{{/staticFileLink}}"><img src="{{#staticFileLink}}7960805287,original{{/staticFileLink}}" width="97" class="align-left" alt="7960805287?profile=original" /></a>As of Aug. 2, Presson had completed 15 residential sales for his clients in 70 days, with combined sales totaling more than $36 million.</p>
<p class="p3">Presson, who specializes in luxury coastal real estate in Ocean Ridge and surrounding communities, has been ranked No. 2 out of the Corcoran Group’s 133 agents for the first quarter of 2018.</p>
<p class="p3">His recent sales include: $6.895 million for a lot near Briny Breezes; $5.032 million for a home at 913 N. Atlantic on Hypoluxo Island; $3.699 million for a beachside point lot at 53 Spanish River Drive, Ocean Ridge; $4.195 million for a panoramic waterfront estate at 27 Harbor Drive, Ocean Ridge; $1.695 million for a waterfront home at 62 Harbor Drive in Ocean Ridge; and $1.095 million for a waterfront land at 1508 Lake Drive in Delray Beach.</p>
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<p class="p3">Last month, NHL hockey star <b>Max Pacioretty</b> listed his 17,142-square-foot home with <b>Devin Kay</b>, an agent with Douglas Elliman, for $3.45 million. The house, at 434 Areca Palm Road in Royal Palm Yacht & Country Club, Boca Raton, was renovated last year.</p>
<p class="p3">The five-bedroom home has 41/2 bathrooms, 13-foot ceilings, marble floors, an outdoor summer kitchen, saltwater pool, smart house technology, a safe room, and indoor/outdoor basketball and sports courts.</p>
<p class="p3">Pacioretty, 29, a left wing with the Montreal Canadiens, has 226 goals in 10 NHL seasons, with a career best of 39 in 2013-14 for Montreal.</p>
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<p class="p3"><b>Ken Johnson</b>, associate dean of graduate programs and professor of finance in the <b>College of Business at Florida Atlantic University</b>, was named president of the <b>American Real Estate Society</b>. Founded in 1985, the association produces and disseminates research and information about real estate decision-making and the functions of real estate markets. </p>
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<p class="p3"><span class="Apple-converted-space"> <a href="{{#staticFileLink}}7960805470,original{{/staticFileLink}}"><img src="{{#staticFileLink}}7960805470,original{{/staticFileLink}}" width="95" class="align-left" alt="7960805470?profile=original" /></a></span><b>Allison Turner</b> has been appointed to the board of directors of the <b>Institute for Regional Conservation</b>, a Delray Beach nonprofit that aims to protect, restore and manage biodiversity regionally, and to prevent regional extinctions of rare plants, animals and ecosystems.</p>
<p class="p3">Turner, a Delray Beach resident, is owner and CEO of <b>BCoSF Media and Business Consultants of South Florida</b>.</p>
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<p class="p3"><b>John M. Campanola</b>, a New York Life agent since early 2012, has become a member of the <b>2018 Quality <a href="{{#staticFileLink}}7960805886,original{{/staticFileLink}}"><img src="{{#staticFileLink}}7960805886,original{{/staticFileLink}}" width="97" class="align-right" alt="7960805886?profile=original" /></a>Council of New York Life Insurance Co.</b> His office is in downtown Delray Beach. A longtime Florida resident, he is involved in the <b>Greater Delray Beach Chamber of Commerce</b>, where he won its 2013-2014 Ambassador of the Year award and the 2013-2014 Ken Ellingsworth Community Service Award.</p>
<p class="p3">Campanola is also involved in the <b>Boynton Beach Chamber of Commerce</b>, where he won its 2017 New Member of the Year Award.</p>
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<p class="p2">Artist <b>Amanda Johnson</b> will debut her “Recovery Butterfly Bag” at an open house from 11 a.m. to 1 p.m. Sept. 15 at <b>Amanda James Gallery</b>. For every bag sold, the gallery will donate $10 to <b>Wayside House</b>, a women’s addiction recovery facility in Delray Beach. The gallery is at 412 E. Ocean Avenue, Boynton Beach. Visit amandajamesgallery.com.</p>
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<p class="p3"><b>Crane’s Beach House Boutique Hotel & Luxury Villas</b> launched a new event series, “Tastings at the Tiki,” to benefit local nonprofit and community service organizations. Events will be from 6 to 9 p.m. on the third Thursday of the month and will offer special wine and beer tasting experiences. </p>
<p class="p3">The Sept. 20 event will benefit artists’ services of Delray’s <b>Arts Warehouse</b>. Drinks will be from Chalk Hill Winery, Smith & Hook Winery and Saltwater Brewery. Crane’s will offer hors d’oeuvres from local restaurants and live music. Admission is $20 and includes a drink ticket. Call 278-1700 or visit cranesbeachhouse.com.</p>
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<p class="p3">This year, 108 students will receive $1,069,500 in scholarships, ranging from $600 to $60,000, awarded by the <b>Community Foundation for Palm Beach and Martin Counties</b>. With more than 100 scholarship funds established by donors committed to education, the organization has given more than $11.5 million in scholarship grants since 1983, helping 2,156 students.</p>
<p class="p3">In South County, students from Boca Raton Community High School and Olympic Heights Community High were among the recipients.</p>
<p class="p3">Among the donors is <b>Sanjiv Sharma</b> of Highland Beach, and one of his two funds, <b>Pundit Mulchand</b> and <b>Janki Devi Sharma Scholarship Fund</b>, had several scholarship recipients this year. </p>
<p class="p3">“We understand that many of our aspiring local students do not have the financial resources for a college education,” said <b>Brad Hurlburt</b>, president and CEO of the Community Foundation. “It is through the generosity of our donors that these dreams can become a reality, and we are extremely proud to be able to provide this service to the community.”</p>
<p class="p3">Call 659-6800 or visit yourcommunityfoundation.org.</p>
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<p class="p3">The <b>South Florida Science Center and Aquarium</b> and the <b>Stiles Nicholson Foundation</b> will hold an event Sept. 29 honoring the recipients of <b>STEM Innovation Awards</b> recognizing leadership, service and collaboration in the fields of science, technology, engineering and math. To be held at the Science Center, the event will include a cocktail reception, dinner, music and science demonstrations. Tickets are $75 each or $750 for a table of 10, and sponsorship opportunities are available. The South Florida Science Center and Aquarium is at 4801 Dreher Trail N., West Palm Beach. Call 832-1988 or visit sfsciencecenter.org.</p>
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<p class="p7"><i>Send business news to Christine Davis at cdavis9797@gmail.com.</i></p>
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