Thursday, August 29, 2019 / by Jordana Tobel
Each year hurricane season begins on June 1st and lasts 5 months, with storms typically peaking in August and September. As with every hurricane season regardless of forecast, knowing the essentials of how to prepare could truly be a life saver.
First, know your hurricane facts and understand common terms used during hurricane forecasts. Storm conditions can vary on the intensity, size and even the angle which the tropical cyclone approaches your area, so it is vital you understand what the forecasters and news reporters are telling you.
Tropical Depressions are cyclones with winds of 38 mph. Tropical Storms vary in wind speeds from 39-73 mph while Hurricanes have winds 74 mph and greater. Typically the upper right quadrant of the storm (the center wrapping around the eye) is the most intense portion of the storm. The greatest threats are damaging winds, storm surge and flooding. This is in part why Hurricane Katrina was so catastrophic when bringi ...
Thursday, August 29, 2019 / by Jordana Tobel
Here are some insurance tips to help you both before and after the storm.
Read your policy carefully and ask questions long before a storm approaches. Does it cover wind damage?
Insurance laws change from year to year. Check the “Exclusions” portion of your policy for recent changes.
Review the “Duties After Loss” section of your policy. Failure to follow the provisions in this section could result in non-payment on your legitimate claim.
Update your policy so your home is insured for whatever it costs to replace it, including your possessions. Find out how much coverage you have for Additional Living Expenses in case you have to live away from home while your home is repaired or rebuilt. Older homes that don't meet current building codes must be upgraded, which increases the cost of rebuilding them.
Be certain your agent is reputable and knows local building codes, welcomes questions and is willing to explain things clearly.
Don’t wait. ...
Friday, August 09, 2019 / by Jordana Tobel
What’s More Important: Listing Price or Listing Timing?
When selling their home, many sellers mistakenly believe they need to time the listing of their home, rather than focusing on listing the property at the right price.
The Fallacy of Timing
Especially in South Florida, real estate is considered a seasonal industry; however, the truth is, in today’s world, timing is less and less important. Why? Because today’s buyers and sellers are increasingly connected no matter where they are in the world. Even if a buyer is cruising somewhere in the Mediterranean, they have access to the internet, to either look at homes, sign a contract or simply stay in touch with what is happening in the market.
Here’s the reality: our business goes all year round. There are no rules when it comes to timing a listing. Yes, buyers with children try to close before the school year, but then again after the school year starts, more people head to Florida for the weathe ...
Monday, July 22, 2019 / by Jordana Tobel
The recent Delray Beach land deal, in the blocks on West Atlantic, in between I95 and Swinton, included a project bringing art to Delray’s streets.
In this deal, land was given to developer BH3 who is now seeking artists to help adorn the walls throughout the area.
“The Paint the City mural program is something that we at BH3 started in New York in collaboration with a friend and partner of mine,” said Daniel Lebensohn, cofounder of BH3. “We have murals in Chinatown in Manhattan and a few in Brooklyn as well. The concept around it is to help bring awareness to different neighborhoods and helping them emerge through the arts.”
This program is part of a larger effort to bring attention to an area that has been otherwise neglected.
One of the first murals, located at 524 W Atlantic (also recently acquired by BH3), was painted by David Paul Kay a New York City-based artist known for his style, almost exclusively in black and white, and is only one of ...
Saturday, July 20, 2019 / by Jordana Tobel
When drivers exit east from Interstate 95 and head toward the beach, they drive through West Atlantic, a mostly deserted series of empty lots peppered with the occasional bar or retail store.
That’s all going to change as the city recently gave away – yes, gave away – 7.4 acres of land from 600 to 800 West Atlantic Avenue to developer BH3 Management, the only group that offered to both make the area into a “destination” and provide over 700 parking spaces.
The $100 million mixed-use project, AltaWest, is comprised of about 3 blocks including:
- 43,000 square feet of ground floor retail
- 21,600 square feet of professional office space
- 1 33,000-square-foot grocery store
- 165 residential units totaling 272,242 square feet
- 744 parking spaces
- Approx. 45,000 square feet of public space called “Frog Alley”
- Up to 30 workforce housing units
- Including 18 affordable housing units being ...