Sunday, August 5, 2012
Multi-million Dollar Residential Developments In Boca Raton and Miami
Capponi Construction Group’s successful renovations of landmarks include The Forge Restaurant and Bass Museum of Art in Miami Beach; new projects include multi-million dollar residential projects. CCG is currently building an 8,900-square-foot luxury estate home on Spanish Trail in Boca Raton. Capponi Construction Group now has headquarters in Miami Beach and Boca Raton, Florida.
The Capponi Construction Group and Douglas Elliman are excited with this business venture. Vanessa Grout, CEO of luxury real estate firm Douglas Elliman, Florida Brokerage, was alos at the grand openeing to mark a shared office at 444 E. Palmetto Park Road in Boca Raton, Florida.
Capponi Construction Group and Douglas Elliman Have a Grand Opening
Notables in attendance at the July 26th office ribbon-cutting and after-party at Racks Downtown Eatery & Tavern in Mizner Park (Boca Raton) included Mayor Susan Whelchel; Deputy Mayor Susan Haynie; Palm Beach County Commissioner Steven Abrams; restaurateur Dennis Max, founder of Max Restaurant Group; Jamie Telchin of LXR Development - One Thousand Ocean; Adolfo Cotilla of ACAI Associates; Beau Breckenridge, Senior Vice President US Trust; Reid Boren, Principal of K&B Equity Group; Richard and Robin Bernstein, CEO Of Richard Bernstein and Associates; Andres Fanjul, Associate, Sun Capital Partners.
Also attending were William Eubanks of William R. Eubanks Antiques and Interior Design; architect Reinaldo Borges; and Jim Pappas, CEO of Pappas Enterprises. Rita Johnson, founder of the non-profit Shuzz Foundation, a Boca Raton based charity that provides footwear for poverty-stricken children, accepted a donation from Capponi Construction Group and Douglas Elliman, Florida Brokerage, as part of the ceremonies.
Chairman Michael Capponi was joined by principals of Capponi Construction Group (CCG), including Kenneth J. Gross, President and CEO; Executive Vice President Robert Wrieden; and Todd Pennington, Director of Strategic Operations. Vanessa Grout, CEO of Douglas Elliman, Florida Brokerage was accompanied by company principals including Managing Broker Marisela Cotilla; Executive Vice President, Douglas Elliman Carlo Gambino; Pamela Gottfried and Senada Adzem.
Specialists in Luxury Florida Real Estate and Construction
The two firms, both specialists in luxury real estate and construction, chose Boca Raton as a strategic location for their expansions northward from Miami’s Dade County. Capponi Construction Group, a bondable licensed Florida general contractor, is just one of Michael Capponi’s multi-service, full lifestyle brands. His well-established group of companies encompasses construction, development, entertainment/hospitality, and philanthropy. His business presence in Boca Raton is expected to be an asset to the development and hospitality industries in Palm Beach County
Luxury Estates Homes, Condominiums and High-end Commercial Retail Projects
Capponi Construction Group’s principals are experienced leaders in the industry: Todd Pennington is a former Bovis Lend Lease Senior Vice President, Kenneth Gross is a former WCI Tower Division executive, and Robert Wrieden was the East Coast senior VP and director of construction for WCI Communities Inc. Since 2010, CCG has completed multiple building types, including new construction, renovations and the historic rehabilitation of private residences, estates, condominiums, high-end commercial projects, shopping centers and hotels. The company is committed to delivering the construction expertise valued by owners, architects and developers for their most ambitious residential and commercial projects.
Thursday, June 7, 2012
Boca Raton, Florida - Florida Developers have questions to ask, about the size of single family homes and condos. Florida Real estate Developers are increasingly using hedge funds to finance large projects. Many Buyers have stunned listing brokers with their assessment that homes are too small. Three bedrooms wouldn’t cut it, even with 4,000 square feet of outdoor space and a private rooftop pool. Florida Buyers want extra room for a private gym and larger, flow-through spaces with of course swimming pools.
South Florida Luxury Real Estate
One of the Investors with a hedge fund made a suggestion which was why not combine the condo units with ones below or above to obtain the extra square footage that they desire.
Boca Raton Home Investors and Developers
All across Boca Raton and South Florida, developers have been scrambling to super-size condos to meet the surging demand of the highest pool of luxury buyers. These real estate investors continue to break sales records while paying premiums for more square footage. While the idea of combining residences is not new, real estate marketers and appraisers say the jumbo sizes of the combined homes are taking sales into uncharted territory.
Real Estate Developers for Miami and Boca Raton
Not many Boca Raton Real Estate brokers recall seeing this sort of phenomenon happening with these super size Buyers. The highest tier of real estate buyers in Boca Raton and Miami is really looking to create these mini style mansions in the sky. Even without combinations, the average high-end condominium size has grown over the past decade as real estate developers have recognized the demand for more substantial square footage.
Boca Raton Penthouse Condos for Ultra Wealthy
Yet even with 10 full-floor apartments in New York selling for about $50 million each and a duplex penthouse listed at $115 million, Agents were discovering that demand among the world’s superrich for the largest apartments was heavier than envisioned. Is Miami and Boca Raton that far behind? South Florida developers have thought to combine smaller condos into four condo units of similar square footage each. These condos could be designed with four bedrooms or with three bedrooms and a viewing room or library.
Boca Raton and South Florida Real Estate Agents
The current economy could change quickly and pricing could spike up. Boca Raton and Miami Beach Agents are reaching into a new class of buyer, a wealthier class of buyer, and they want to live a certain style. It is not the amount of bedrooms that counts; it is the square footage and design of the condominium that matters.
Manhattan and South Florida Houses for Investors
Many of these Florida Real estate Investors are from countries that are bubbling with newly minted millionaires and billionaires. In both Manhattan and South Florida, a lack of well designed inventory and the strength of demand are reasons to expand. Foreign Buyers are encouraging developers to find creative ways to satisfy this class of all-cash buyers from places like Brazil, China, Russia and the Middle East. Expectations continue to increase as in South Florida Investors arrive with nice size budgets.
Luxury Condos and Homes in South Florida
Given the real estate markets where many of the high-end buyers are coming from, luxury condos and homes in South Florida are still a value compared to other Countries. Look at a flat in London, an apartment in São Paulo or a home in Rome,” and suddenly a Miami Beach Condo or Boca Raton house looks like a bargain.
Luxury Real Estate in Palm Beach County
The super-wealthy buyers have shown they are willing to finance ballooning budgets to combine already huge condos into mega spaces. Even American Buyers are into, a huge master suite with dual bathrooms, sitting rooms, an office, an extra-large kitchen and pantry, maids’ or butlers rooms and secondary bedrooms for guests. Living near the new Boca luxury theater in Mizner Park is not a bad way to live.
Wednesday, May 23, 2012
Boca Raton, Florida - Luxury real estate buyers are increasingly discriminating and realize they can still find bargains. Many of these Florida Real estate Investors are seeking single-source service solutions to their real estate needs. Boca Raton real estate is one of the brightest jewels along the Gold Coast of South Florida and is home to the most magnificent ocean front, yachting, country club and resort communities that have been playgrounds of the elite for generations.
Palm Beach County Florida
Boca Raton is situated midway between Palm Beach, Fort Lauderdale and Miami, with ocean and beaches on one side and the Loxahatchee National Wildlife Refuge on the other. Boca Raton real estate is minutes away from exquisite Gold Coast beaches, the exclusive Boca Raton Resort and Beach Club and is conveniently located between Ft. Lauderdale and Palm Beach International Airports, and only a short drive to the Boca Raton Private Executive Airport.
Boca Raton Real Estate Investors and Homes For Sale
Owners of Boca Raton real estate have no need to venture far for entertainment and recreation, however. The city itself is one of the world’s premier vacation destinations and hosts an assortment of shopping, dining and cultural venues, as well as an array of outdoor adventure options. Catch a polo match, go scuba diving, explore the Boca Raton Museum of Art, shop for designer fashions in Mizner Park - no matter your idea of enjoyment, you’ll find a plethora of choices in Boca Raton and its environs.
Florida Properties and Luxury Shopping at Mizner Park
Your choices in Boca Raton real estate are varied and are of equally excellent quality. Does the country club lifestyle appeal? You’ll find a diversity of Boca Raton country club homes in such exclusive communities as Mizner Country Club, St. Andrews Country Club and the world renowned Royal Palm Yacht and Country Club.
Delray Beach and Hillsboro Mile Property
Would you prefer to have your own private ocean-front retreat? Luxurious Boca Raton ocean-front estates in Highland Beach and nearby communities like Palm Beach, Manalapan, Gulf Stream, Delray Beach and Hillsboro Mile are some of the most sought-after real estate in South Florida. If an exclusive gated estate or yachting enclave is more suited to your standard of living, then explore the vast Boca Raton real estate opportunities within Long Lake Estates, The Sanctuary or The Oaks at Boca Raton.
Discover how Boca Raton Real Estate Can Enhance Your Way of Life
Boca Raton Homes for sale website is headquartered in Delray Beach, Florida. Boca Raton Homes for sale website operates in virtually every major search engine throughout the world. Our Florida Investors are focused their sights on Broward County, Miami-Dade County and especially Palm Beach County. These Boca Raton Real Estate Buyers have a special attention on the subdivisions of Boca Raton Square, Woodfield Country Club, Royal Palm Yacht & Country Club, Hidden Valley, Palm Beach Farms Boca Raton, Timbercreek, and the Boca Raton Bath & Tennis Club.
More Featured Boca Raton Real Estate Subdivisions with Homes and Condos For Sale:
Country Club Village
Royal Oak Hills
Fairfield at Boca
Woodfield Hunt Club
Spanish River Land
Banyans of Broken Sound
Estancia of Via Verde
University Park Country Club Estates
Boca Raton Riviera
Lake Floresta Park
Wimbledon Villas of Via Verde
Palmetto Park Terrace
Woodfield Country Club
Pradera of Via Verde
Lake Rogers Isle
Los Paseos of Via Verde
Patch Reef Estates
Tuesday, May 15, 2012
Palm Beach County, Florida- Many Investors are searching for West Palm Beach real estate listings. The Palm Beach County area has plenty of wonderful homes for sale and check out the West Palm Beach, Florida market. Now the news wire states that West Palm Beach, as well as Fort Lauderdale offer the greatest returns for single-family home investors. Palm Beach County Real Estate Investors are starting to look at what were once riskier deals and are willing to take on more risk to get returns.
Palm Beach County and Broward County Real Estate Investments
Palm Beach County Real estate investors who are seeking to rent out single family homes would be wise to head to South Florida. Various Real Estate Specialists see the South Florida Market as an area ready to thrive. The Federal Government has many problems and has thrown us all for a loop. We can just blame Mortgage Companies as many Banks were forced to hand out Mortgages with the Community re-investment act.
Houses and Condos in Boca Raton Florida are Now More Affordable
We have some information for newer investors in the Florida Real Estate market. The definition of 'Capitalization Rate' is for all to see and use to hopefully get a positive cash flow and nice return. A rate of return on a Boca Raton real estate investment property based on the expected income that the property will generate. Capitalization rate is often used to estimate the real estate investor's potential return on his or her investment property. This is done by dividing the income the Florida property will generate (after fixed costs and variable costs) by the total value of the property.
Boca Raton and South Florida Seeing High Cap Rates?
Capitalization rates (Cap Rate) for single-family homes that are rented out averaged 12.4 percent in West Palm Beach, signifying the greatest returns among all the markets tracked by the analytics firm. Single-family homes rented out in Fort Lauderdale posted the third-best returns, offering investors a 12 percent cap rate.
Single Family Homes For Sale in Boca Raton
The national average cap rate for single family homes was 8.6 % in January 2012, down from 8.8 percent a year before but up from 5 percent in 2006. Many of the other investor-friendly markets were in the Midwest, such as Cleveland (12.3 percent cap rate) and Chicago (11.6 %).
Miami, on the other hand, actually posted a relatively meager cap rate of 7.7 percent, offering the worst returns among the nation’s largest real estate markets. Also the national apartment sector is expected to see improvement with positive rental rate trends over the next two years. The rental market is opening up many opportunities for Real estate Investors in Florida.
Boca Raton Florida Continues to be Hot Spot for Real Estate Investors
The high cap rates are a result of strong demand among Americans for rental properties, even as housing affordability sits at its highest level in more than 20 years, according to the report. Rental closings increased 11.5 percent year-over-year in 2011 and comprised 29 percent of all single-family closings. By comparison, rental closings represented just 11.3 percent of all closings in early 2006. Meanwhile, sales closings declined 9.8 percent between 2011 and 2010. The truth is that rental demand is so strong that supply is now at its lowest level in the last five years even though the volume of rental increased 2.6 percent over the last year.
Thursday, May 10, 2012
Boca Raton, Florida - Many readers keep wanting information on where Anna Kournikova's house for sale is located. We respect her tennis abilities yet don't have information on the Anna Kournikova home or condo. We do see a magnificent new Library in Boca Raton, Florida. The Owner is the sunny City of Boca Raton. The Architect, Slattery & Associates, did a terrific job with the Spanish River Library in Boca Raton Florida.
Spanish River Library in Boca Raton Florida
The Spanish River Library and Community Center offers several well-appointed and functional rooms and areas within the Library which may be reserved for meetings or private events. Detailed information about room reservations, including fees, policies, and procedures, may be found in the Facility Usage Information Packet. Rooms are reserved on a first-reserved, first-served basis, and may be applied for by completing a Room Request Application.
Boca Raton Library Architect Highlights
This Library has a beautiful lakeside patio which is helpful for Boca Raton Home sellers. The Lakeside Patio offers a gorgeous view of the lake and the flexibility and interest of multi-level seating. The Florida Architect also has a convenient rooftop terrace. The Rooftop Terrace offers yet another spectacular view of the lake for both day and evening events, along with convenient access to the Lakeside Patio, the Changing Room, and Catering Prep area.
There is also a Mezzanine which is a large open indoor space on the second floor which overlooks the Library. There is a beautiful view of the lake through the tall arched windows on the first floor.
Housing Affordability Index Hits Record High
Housing affordability conditions have reached the highest level since recordkeeping began in 1970, based on the National Association of Realtors study. NAR’s Housing Affordability Index rose to a record high 206.1 in January, in accordance with the relationship between median home price, median family income and the average mortgage interest rate. The higher the index, the greater the household purchasing power.
An index of 100 is defined as the point where a median-income household has exactly enough income to qualify for the purchase of a median-priced existing single-family home, assuming a 20 percent down payment and 25 percent of gross income devoted to mortgage principal and interest payments. For first-time buyers making small down payments, the affordability levels are relatively lower.
Homes in Boca Raton Florida are Now More Affordable
NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami, said this latest data underscores buyer opportunities in today’s market. “This is the first time the housing affordability index has broken the two hundred mark, meaning the typical family has roughly double the income needed to purchase a median-priced home,” he said. “For buyers who can qualify for a mortgage, now is a very good time to become a homeowner.”
Mortgage Interest Rates Support Buying Boca Raton Houses and Condos
NAR projects the affordability index for all of 2012 will be at an annual high, with little movement in mortgage interest rates or home prices during the year. “Housing inventory levels have declined to a point where conditions are becoming much more balanced in much of the country. Florida Real estate specialists claim that If access to credit improves, we could see a much more meaningful increase in home sales. Also Florida could see a broader stabilization in home prices with modest gains in areas with stronger job growth.