What a great time to be Chapter President for CREW Palm Beach / Treasure Coast. The economy is better than it's been in years, tourism is up, construction is up, and vacancies are down. Multi-family is leveling off a bit, industrial properties are strong, retail is chugging along, and it's only a matter of time until we see some new office buildings break ground. Large tenants are surfacing in the marketplace, and it's becoming increasingly harder to satisfy their requirements.

(as featured in the Palm Beach Post!)

 

Barbara LeBrun, Managing Director of KW Commercial Properties and President  of CREW Palm Beach/Treasure Coast,  quietly brokered a deal on a key property at 324 Dixie Highway at the intersection with Datura Street.  Purchaser David Associates reportedly paid $6 Million, under $100 per foot. The All Aboard Florida train depot proximity was a selling point for Lisa Gerard, David Associates President.  David Associates plan to invest capital dollars giving the building the renovations and the needed updates.  The market sentiment is that this sale got the ball rolling for the All Aboard real estate impact for the area.  This is just one of the many real estate deals that Barbara has successfully closed, since joining KW Commercial in 2013.

 

Judith Schumacher, Owner/Partner of Schumacher Companies, actively joined the firm in March.  Having owned the company, along with her partner, since '08, she is now taking a leadership role, overseeing all pre-construction services and the company's growth in the South Florida region.  Judi strongly emphasizes her firm's 'open-book' delivery of construction services, offering clients the opportunity to better understand their project scope and costs.

  

Dawn Calder, EVP Chief Credit Officer, with Regent Bank, was recently promoted to the position.  Dawn is responsible for managing the credit risk of the bank, as well as oversight of the loan administration and underwriting and managing special assets.