A Few Photos From Our Ferrari Drive & Ride Party!!

A Few Photos From Our Ferrari Drive & Ride Party!!

Thank you for attending our deal making social at Palm Beach Ferrari.

It was great chatting with many of you again and meeting new faces.

I know that several deals and multiple constructive business relationships were launched. Not to mention numerous new and old friendships kindled.

Together we can turn Palm Beach County and South Florida into the global financial hub it is meant to be.

I truly hope you gained as much value, as well as just pure pleasure, from networking with your peers, driving the stable of Ferraris, and enjoying the amazing appetizers and drinks from PB Catch(the seafood was out of […] Read more

Ken Griffin Buys A Castle In The Sky

From Miami Herald BY NICHOLAS NEHAMAS

The buyer who shattered local real estate records by buying a $60 million Miami Beach penthouse late last month is South Florida-born hedge fund billionaire Kenneth Griffin, according to a report in The New York Times.

The Times reported that “people familiar with the deal” said Griffin, the founder and CEO of Chicago-based hedge fund Citadel, bought the eight-bedroom penthouse at Faena Housein Mid-Beach for $4,794 per square foot.

Kenneth Griffin. Associated Press

Griffin grew up in Boca Raton and attended Boca Raton Community High School, according to a profile in Chicago Magazine.

Read more here: http://www.miamiherald.com/news/business/real-estate-news/article38073297.html#storylink=cpy
[…] Read more

Congratulations!! Bristol Scores All Time West Palm Sales Record

 

 

Congratulations Chris Leavitt!!

 

 

Two condos at a yet-to-be-built tower along the Intracoastal Waterway in West Palm Beach are under contract for nearly $15 million each, which would set a price record if they close.

The penthouse units are on the 25th floor of the Bristol Palm Beach condo project, says Chris Leavitt, director of sales for the ritzy condo and an agent at Douglas Elliman. One is under contract for $14.99 million, the other for $14.7 million.

The units average $2,306 per square foot, a high-water mark for West Palm Beach condos.

The Bristol, at 1100 S. Flagler Drive, is scheduled to begin construction […] Read more

One of World’s Largest Emerging Market Funds Eyes Havanna

From  NY Times

The foreigners visiting Havana used to be Canadians and Europeans on cheap beach package tours and left-leaning Americans on dutiful rounds of organic farms and neighborhood health clinics. Ten months after the U.S. and Cuba declared the end of a half-century of official hostility, the mood in Havana has changed.

The city is filled with celebrities coming to party and hedge-fund managers sizing up their chances to make millions in one of the last bastions of communism. As an influx of American cash starts feeling imminent and inevitable, there’s […] Read more

Oil Bull Trades From Palm Beach Office

Source: Wall Street Journal

CHRISTIAN BERTHELSEN

Updated Oct. 12, 2015 8:03 p.m. ET

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Andrew Hall’s faith in an oil-market rebound isn’t shaken, but it isn’t paying off, either.

The main fund at Mr. Hall’s Astenbeck Capital Management LLC lost 7% in September, according to investor documents reviewed by The Wall Street Journal, leaving it down 20% for 2015 as of Oct. 1 and on track for its worst year since its inception in 2008.

The decline is noteworthy because Mr. Hall is one of the most visible traders left standing who is betting that oil prices will soar. U.S.-traded crude slumped $2.53, or 5.1%, […] Read more

Palm Beach Office Market Heats Up

From The Real Deal: Read More Here

By Dan Weil

 

The office real estate market continues to heat up in Palm Beach County amid buoyant fundamentals, experts say. “It’s definitely strong,” said Bill Reichel, president of Reichel Realty & Investments, a commercial real estate services firm in Palm Beach Gardens. “It’s a matter of supply-demand and the strong economy. It’s pretty simple,” he told The Real Deal. The strong economy is lifting demand, and no new Class A product has been built in the central and northern parts of the county since West Palm Beach’s CityPlace Tower opened in 2008. “Everything is […] Read more

PBHFA Season Launch Party A Roaring Success!!!

Our 2015/16 Season Launch Party proved to be a huge success with a wide cross section of Palm Beach and South Florida investors, hedge fundees, and financial professionals gathering to welcome the 2015/16  deal making, networking, friendship forging and socializing season with the Palm Beach Hedge Fund Association.

The Norton Museum of Art graciously opened their doors and the venue could not have been more ideal for our launch party.

The event would not have been the same without the support of the most extraordinary and exclusive condominium development ever launched in Palm  Beach County, The Bristol.  We would like to extend […] Read more