The Loan Committee™

The American Dream Miami mega mall would have two levels of retail in a figure eight layout surrounded by scores of amenities, including an indoor ski dome, according to documents recently filed with the county.

The development in northwest Miami-Dade County aims to be the largest mall in North America with 6.2 million square feet plus 2,000 hotel rooms. In its application to the county, Triple Five Group said the mall would have similar vehicular traffic on a per-square-foot of leased space as the smaller Mall of America in Minnesota. That mall attracts more than 40 million visitors a year – more than the Magic Kingdom.  Source: SFBJ.  learn more…

A distinguished panel of five SBA and banking representatives discussed “Hot Topics and Trends in SBA Financing” at the October 8th Loan Committee luncheon held at the Tower Club.  Mitch Fogel with Fogel Law Group moderated the discussion and Adam Von Romer with KoRes Corp. was the MC.

Points of interest included:

• Why SBA Financing is Good for Your Clients…and YOU!
• Working with the SBA (or How to Properly Use SBA Financing for Your Deals)
• Underwriting and Eligibility Topics for SBA 7(a) and 504 Loans
• Documenting SBA 7(a) and 504 Loans…pre-Approval and Loan Closing
• How to work with the CDC in SBA 504 Loans…Before, During and After the Closing
• The Closing: Where the Rubber meets the Road
• What’s on the Horizon?

Fort Lauderdale, Florida-Adam P. Von Romer, CCIM of Fitzgerald Group and Nick Solimine, CCIM also of Fitzgerald Group closed the sale of 6801 West Sunrise Boulevard, Plantation, Florida 33313. The building originally constructed in 1957 and remodeled numerous times. The property was comprised of a 52,207 square foot warehouse building situated on nearly 6 acres. The property traded for $2,600,000.00 and closed November 14, 2014. Adam P. Von Romer, CCIM represented the seller Wittels Family Holdings and Nick Solimine, CCIM represented the buyer Arvinder Bajaj.  For more information contact Adam P. Von Romer, CCIM at 954-760-9300 ext. 22

The Broward CCIM (Certified Commercial Investment Member) District at its board of directors meeting has elected Adam P. Von Romer, CCIM as its incoming 2015 president. Mr. Von Romer has served the Broward CCIM District as past president in 2002 and Assistant District Vice President.

Mr. Von Romer has been in the industry for over 30 years and was awarded the CCIM designation in 1997. A CCIM is a recognized expert in the commercial and investment real estate industry, and is part of a global commercial real estate network with members across North America and more than 30 countries. This professional network has enabled CCIM members to close thousands of transactions annually, representing more than $200 billion in value. As a result, the experts who possess the CCIM designation are an invaluable resource for commercial real estate owners, investors, and users.

Mr. Von Romer is also the Program Director with The Loan Committee, and is currently employed by Fitzgerald Group as a Senior Investment Associate, specializing in the sale of commercial investment real estate with a focus on industrial and office properties.

City National Bank of Florida has provided a $22 million loan to The Ireland Cos. for the renovation of a shopping center in Davie. The property is located at the southwest corner of University Drive and Interstate 595. The shopping center is undergoing construction to welcome two new anchor tenants: Hobby Lobby and Whole Foods.  Source.  REBusiness Online

SALTZ MICHELSON ARCHITECTS is proud to announce it has completed the design of Delray Place, a 125,000 SF Neighborhood Center anchored by Trader Joe’s. Located at the Southeast corner of Linton Boulevard and Federal Highway in Delray Beach, Florida, the project is designed to be a southern Gateway to the City and act as a catalyst to spur the renaissance of the South Federal Highway corridor.

Retail Property Group, the owners and developers of this project, selected Saltz Michelson architects and J. Raymond Construction to ensure the successful development of their retail center. Construction is anticipated to be completed by the third quarter of 2014.

For additional information contact TONI FARBER, Director of Business Development – Saltz Michelson Architects at 954-266-2700.

Greater Fort Lauderdale REALTORS® (GFLR) is accepting applications through this required process for members interested in serving as Florida Realtors (FR) Directors.  Applications must be submitted by 5:00PM, September 17, 2013 in order to be considered. For questions, contact Joanne Codner at jcodner@r-world.com or 954-567-5052.   read more here…