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Entries by Staff

Palm Beach Real Estate Market Is On Fire

Palm Beach Real Estate Market Is On Fire

Worries of the Trump Effect turning negative for our beloved island have been proven unfounded as the real estate market has taken off to the upside.

The Palm Beach Daily News Darrell Hoffheinz aptly documents and

 

Palm Beach real estate: What were the season’s biggest sales?

REAL-ESTATE

 

The season that just ended saw Palm Beach homebuyers and sellers inking contracts at a dizzying pace, a sea change from the same eight-month period last year.

And real estate watchers whose eyes were trained on the top of the market likely found their heads swimming as they tried to keep track […] Read more

What An Incredible Evening !!

What An Incredible Evening !!

 

 

Our April 26th Deal Making Luxury Soiree was a huge success across the board.  The event was hosted at an incredible $13 million waterfront villa in West Palm Beach courtesy of the Aquantis Group and The Fite Group.

Guests were treated to a sneak peek at the Lamborghini Urus, as well as other Lamborghini models, while provided the opportunity to design their own Italian masterpiece with the team from Lamborghini Palm Beach.

Business deals were made, friendships formed, and peers were united as PBHFA members mingled with guests among the best of the best from private jets, fine wine, craft brew rum, […] Read more

$55 Billion Finance Firm Moves Headquarters To Miami

$55 Billion Finance Firm Moves Headquarters To Miami

South Florida continues to attract top talent as Starwood Capital Group relocates its headquarters to Miami.

 

Miami listed as the HQ for Connecticut’s third largest finance firm

 

Published 3:55 pm, Wednesday, April 18, 2018

 

On the heels of CEO Barry Sternlicht choosing Miami Beach two years ago as his new home, Starwood Capital Group is now designating Miami as its headquarters, while maintaining space in the Greenwich office building where the firm had previously been based.

Starwood Capital has noted the change on its main website listing primary contact information, while still listing its Greenwich offices at 591 W. Putnam […] Read more

Ken Griffen Shelves Palm Beach Mega Mansion

Ken Griffen Shelves Palm Beach Mega Mansion

From The Real Deal

 

After spending years assembling more than a dozen acres of land in Palm Beach, billionaire hedge-fund honcho Ken Griffin is shutting down construction of his sprawling, planned Billionaires Row project, according to the Palm Beach Daily News.

Last week, Palm Beach officials were sent an email by the town’s head of Planning, Building and Zoning Department, Paul Castro, saying that budget projections for the house came in “substantially higher than initial estimates.”

Griffin paid more than $230 million for the oceanfront land at 1265 South Ocean Boulevard. The price does not include a lakefront parcel and a house reportedly under contract at 10 […] Read more

DRI Fund Purchases $9 Million Of Non-Performing Loans

DRI Fund Purchases $9 Million Of Non-Performing Loans

PBHFA Founder Dave Goodboy quoted in the article.

 

 

WEST PALM BEACH, FL, April 04, 2018 /24-7PressRelease/ — DRI Fund (“DRI”), is an investment firm with a unique social impact approach.

DRI recently brought in more than $9 million in unpaid principal balance of non-performing loans to assist residents in low and moderate income communities with housing preservation and a path to homeownership.

As an impact investment manager, DRI is also certified by the U.S. Department of Treasury as a Community Development Financial Institution (“CDFI”). CDFIs are mission-driven financial institutions dedicated to providing financial services that meet the needs of underserved communities.

DRI secured the […] Read more

Palm Beach Ranks 2nd On “Power Market” Rich List

Palm Beach Ranks 2nd On “Power Market” Rich List

From Businesses Insider   By 

 

Tanza Loudenback
 

 

Feb. 24, 2018, 12:30 PM
 186,863

Palm Beach ranks second in “Power Markets” of the wealthy.  Second only to Manhattan, Palm Beach continues to shine as a leading domicile.

Luxury real estate“power markets” are the places where rich people spend the most money, says a new report from Coldwell Banker.
Rich people flock to power markets for the best in luxury real estate, lifestyle, and culture.
Power markets in the US are places where the top 5% of home sales by price is the highest.

Location is paramount when money is no object, whether a home is steps from the beach, tucked in the […] Read more

A Fantastic Evening WIth Spicer Jeffries & Cryptocurrency Expert Panel

A Fantastic Evening WIth Spicer Jeffries & Cryptocurrency Expert Panel

Our March 22, meet & greet, deal-making social was a tremendous success!  Our sponsor Spicer Jeffries assembled

a top-notch cryptocurrency expert panel who deftly answered many audience questions and bantered among themselves about what to expect in the volatile world of digital assets.   We learned a tremendous amount about this soon to be leading financial creation.

A wide swath of the South Florida alternative financial community was represented.  Hedge fund managers and quants mingled with investors, technologists, venture capitalists and digital asset experts among many others.

We learned of several pending financial deals,  an employment connection, and investments were discussed in a lively […] Read more

Halite Partners Opens Palm Beach Office

Halite Partners Opens Palm Beach Office

 

We are thrilled to see another investment adviser firm opening an office in Palm Beach.  Welcome!!!

Halite Partners (“Halite”), an SEC registered investment adviser, today announced the appointments of Kevin Kale to Director of Business Development and Nicci Harrell Hicks to Director of Wealth Services. These new hires demonstrate Halite’s ability to attract the top talent to provide best-in-class solutions and services through a transformative model. In addition to the appointments, Halite officially opened its office in Florida.

“Halite is committed to providing our clients with top-tier, investment management and wealth planning services,” said Phil Shaffer, Halite’s founder and CEO. “Kevin and […] Read more

PBHFA Name Checked In Associated Press Article

PBHFA Name Checked In Associated Press Article

Thank you to our PR firm and board member,  Jonathan Beaton for managing the agenda-driven reporter in this global news story. Here it is as published on CBS Money Watch.

 

Book Trump? Interest groups press case at his properties

 

Last Updated Feb 22, 2018 10:36 AM EST

E-cigarette makers got a delay in federal oversight of many vaping products. Payday lenders got regulators to rethink rules on how closely to vet borrowers. Candy makers praised a decision to hold off on tougher labeling standards. And title insurers declared “victory” for getting changes that benefited them in the tax overhaul.

What do all these American […] Read more

PBHFA Founder Quoted In Alpha Week

PBHFA Founder Quoted In Alpha Week

https://www.alpha-week.com/news/impact-investment-fund-acquires-millions-non-performing-loans

5 February 2018   AlphaWeek Staff     

DRI Fund recently brought in more than $9 million in unpaid principal balance of non-performing loans to assist residents in low and moderate income communities with housing preservation and a path to homeownership.

As an impact investment manager, DRI is also certified by the U.S. Department of Treasury as a Community Development Financial Institution (“CDFI”). CDFIs are mission-driven financial institutions dedicated to providing financial services that meet the needs of underserved communities.

DRI secured the $9.3 million UPB in single-family, non-performing loans with an average loan size of $221,970.40, delinquency of 5 years, note rate at 5.395% and loan-to-value […] Read more