Press Release: Bob Sonnenblick to Moderate at Crittenden Finance Conference Nov 7- 8, 2023

Press Release: Bob Sonnenblick to Moderate at Crittenden Finance Conference Nov 7- 8, 2023

Press Release: October 19, 2023

Crittenden Real Estate Conferences Inc. has chosen Los Angeles-based real estate developer <span class”yellow”>Robert  Sonnenblick</span>to moderate the opening keynote panel at the upcoming Crittenden Real Estate Conference on November 7, 2023 in Miami, Florida at the Trump International Hotel in Sunny Isles.

The topic of the opening panel will be “How to find high leverage dollars for acquisitions in today’s real estate finance markets.” Panelists will be an array of the most active lenders and equity providers doing major real estate funding on commercial and residential projects.

Crittenden Real Estate Conf Moderator and Speakers
Crittenden Finance Conference Nov 7-8, 2023

Jimmy Buffett’s real estate legacy: luxury homes and Margaritaville hospitality

“Cheeseburger in Paradise” singer-songwriter built a brand by exalting the Key West lifestyle

see article: Sep 4, 2023, 12:00 PM By Ted Glanzer
https://therealdeal.com/miami/2023/09/04/jimmy-buffetts-real-estate-legacy-luxury-homes-and-margaritaville-hospitality/

The Real Deal article by Ted Glanzer
Musician Jimmy Buffett’s easy-going music that exalted the Key West lifestyle led to him amassing a $1 billion net worth, according to Forbes.

And while his ascendancy to wealth was atypical, his real estate holdings were a bit more conventional.

Buffett — who died Sept. 1 at 76 due to complications from a rare form of skin cancer — owned homes in Palm Beach, Florida, and another in Sag Harbor, New York. He also had an estate in St. Barts, according to Barrons.

Palm Beach, Florida

Buffett recorded some of the most iconic songs extolling the virtues of Key West, including “Margaritaville,” but Palm Beach was a part-time home for a long while.

The singer and business mogul, along with his wife, Janem sold their home at 309 Garden Road for $6.9 million to Warren B. and Allison Kanders, property records show.

The “Cheeseburger in Paradise” singer-songwriter put his house on the market in October for $7.6 million with Denise Hanley of Denise A. Hanley, Inc.

Buffett paid nearly $5 million for the three-bedroom, 4,783-square-foot home in 2011. The non-waterfront Palm Beach home, with a pool, was built in 2003.

It’s not the only home Buffett owned in Palm Beach. Buffett also lived at 540 South Ocean Boulevard, which, along with two other properties, was sold in 2014 by billionaire philanthropist Jon Stryker to companies tied to an English luxury home-building firm for $43 million.

Stryker purchased 540 South Ocean from Buffett and his wife Jane in 2010.

Sag Harbor, New York

Buffett owned a five-bedroom, six-bathroom, 5,300-square-foot home in Suffolk County, according to Trulia. It’s where he spent his final days, according to multiple sources.

Latitude Margaritaville Retirement Villages

These 55+ communities are inspired by Buffett’s music and lifestyle — namely food and escapism — in Florida. The cottages and homes start in the $300,000+ range, according to the website.

Margaritaville Hospitality

Buffett built much of his wealth on his business holdings, one of which was his Margaritaville hospitality company called Margaritaville Holdings LLC, which has locations in the U.S., Canada and Caribbean, including in South Florida. The hotel chain has dozens of locations nationwide.

In July it was announced that a Margaritaville-branded hotel could anchor a proposed waterfront mixed-use project in Riviera Beach’s Marina Village.

The project’s master developer, Atlanta-based APD Solutions, is partnering with singer-turned-hotelier Jimmy Buffett to add a five-story building with 150 rooms and an 875-space parking garage to anchor the proposed mixed-use site, which also entails 225,000 square feet of retail and restaurant space.

Vaughn Irons, APD’s CEO, unveiled his development team’s plan last month during a meeting of the Riviera Beach Community Redevelopment Agency, which owns the sprawling 90-acre redevelopment site known as Marina Village. The partnership also includes Sonnenblick Development, based in Pacific Palisades, California.

May 19, 2022: Bisnow: You Need More EV Charging Spaces Than You Think: Greener Additions Becoming Easier To Get Into Projects

Sonnenblick Development’s Bob Sonnenblick
May 10, 2022 BISNOW: Construction, Development and Design in Los Angeles
see on BISNOW

 

 
 
 
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Brownstein’s Diane De Felice, McCullough’s Benjamin Arcia, AvalonBay Communities’ Mark Janda, PACE Loan Group’s Ed Wlodarczyk and BLVD Hospitality’s Margaux Rotter.

Southern California’s car culture is changing, and developers and architects are laying the framework in their projects for a near future where there are fewer cars but more need to be charged.

“You need more EV charging spaces than you think you do,” AvalonBay Communities Southern California Senior Vice President Mark Janda said at a Bisnow construction and design event last week.

Ten years ago, he said, it was a struggle to get AvalonBay’s investment committee to approve 10 new EV chargers on a project, but as electric vehicles began to hit the road and become a more common sight on city streets, that has changed. Now, Janda said, AvalonBay is considering putting an EV charger in as many as 25% of parking stalls.

At one transit-oriented development, parking is being considered as temporary, according to McCullough senior associate Benjamin Arcia.

“We designed everything under the parking podium as retail space that’s temporarily occupied by parking,” Arcia said. “We’re going to remove parking and insert retail modules under these residential buildings as the neighborhood becomes more and more ready for it.”

Sustainability in general was a theme throughout the conversation, with speakers touching on the rise in consumer interest in supporting sustainable companies and products.

“Every one of the deals that we do at PACE Loan Group, we require an energy audit,” PACE Loan Group Vice President Ed Wlodarczyk said. “I want to make sure and our partner, who’s actually giving us all the money to put out there, wants to make sure that we’re doing something that actually works.”

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Geneva Street Partners’ Michael Lowinger, Related California’s Jonathan Shum, Sonnenblick Development’s Bob Sonnenblick, Hackman Capital’s Mike Racine and McCarthy Building Cos.’ Daniel Stafford.

Project delays and challenges because of the coronavirus were also discussed.

AvalonBay has partnered with Abode Communities on a massive redevelopment of the West LA Civic Center that will involve 926 residential units, roughly half of them income-restricted affordable at a variety of levels.

That project once anticipated a 2023 groundbreaking, but that has been pushed to late 2024, Janda said. The delay, which Janda said “isn’t that unusual for projects of this scale,” was chalked up to the complex nature of the deal. The property has two owners, the city and county of Los Angeles, and the county bought the land from a state entity.

Janda pointed to AvalonBay’s Arts District project, which is under construction but took five years to get to groundbreaking.

“It’s not uncommon in LA, and it’s one of the reasons why there’s a housing shortage, because it’s so difficult to build,” Janda said.

BLVD Hospitality’s Margaux Rotter detailed how Covid-19 slowdowns took the citizenM Downtown LA hotel, a modular design, from being six months faster than conventional construction to taking just about as long as the project would have taken with traditional construction.

State-level approvals of the modular units shaved off time and avoided some of the red tape that might have come with seeking city approvals for the project, Rotter said.

Brownstein shareholder Diane De Felice moderated the panel.

Mon. June 20, 2022: Bob Sonnenblick to speak at InterFace Southern California Desert Commercial Retail Real Estate Conference

June 20 2022, from 10:00 am – 2:00 pm at University of Redlands Orton Center

 

June 20 2022 Commercial real estate conference

The in-person event is hosted by Western Real Estate Business, Shopping Center Business, California Centers, and Western Multifamily & Affordable Housing Business magazines, along with the InterFace Conference Group.

The conference will attract attendees from throughout Southern California and surrounding areas, including owners, developers, property managers, economic development executives, buyers and lenders who are active in the retail, industrial and multifamily sectors.

Topics for discussion include:

  • What is the economic outlook for the next 12 to 24 months?
  • How has demand for industrial properties grown and what is the outlook for new development?
  • What is the availability of industrial land? How are land prices affecting future development?
  • Who is developing and who is buying industrial properties?
  • How have changes in e-commerce and advances in logistics impacted industrial development and design?
  • How has the retail sector fared through the pandemic? Where are the strengths and weaknesses as the retail sector recovers from the pandemic?
  • What retailers are opening and closing in the market?

What is the market seeing in terms of experiential retail, pop-ups, and nontraditional tenants?

Tue May 10, 2022 BISNOW: Construction, Development and Design in Los Angeles

Bisnow Conferences Inc. has selected Los Angeles-based real estate developer Bob Sonnenblick, Chairman of Sonnenblick Development LLC, to moderate the keynote panel at their upcoming Real estate & Construction Conference in Downtown Los Angeles on May 10th, 2022.

BISNOW IN-PERSON

Los Angeles

CONSTRUCTION, DEVELOPMENT
AND DESIGN IN LOS ANGELES

LOCATION

The Westin Bonaventure
404 S Figueroa St
Los Angeles, CA 90071

Ballroom: San Gabriel & Santa Anita, 1st Floor

SPEAKERS

KEEPING UP WITH DEMAND AMIDST CONSTRUCTION SETBACKS
Working Through Supply Chain Issues, Labor Shortages, and Construction Costs

Bob Sonnenblick

BOB SONNENBLICK

Chairman, Sonnenblick Development

MIKE RACINE

MIKE RACINE

Executive Vice President, Hackman Capital

JONATHAN SHUM

JONATHAN SHUM

SVP, Related California

DANIEL STAFFORD

DANIEL STAFFORD

SVP, McCarthy Building Companies

For more information, please go to: www.Bisnow.com