This Blog is about Raanan Katz and the company Raanan Katz is the owner of RK Centers. RK Centers is a Commerical Real Estate Development company with Shopping centers in Miami and New England. Raanan Katz started the company and still runs it today.
Friday, July 29, 2011
Wednesday, July 27, 2011
Tuesday, July 26, 2011
Biography: Raanan Katz, President – R.K. Associates
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| Raanan & Phyllis Katz |
Raanan Katz first arrived in the United States in 1962 with the dream of becoming a member of the National Basketball Association. Mr. Katz had earned a reputation as an excellent outside shooter as a member of the Israel national team. As a result, he was invited to the Boston Celtics training camp. Raanan Katz ultimately recognized his dream. However, his story is one that he could not have possibly imagined at the outset of his journey.
After playing for a year with the Sea Gulls (the team that played against the World Famous Harlem Globetrotters), Raanan Katz settled in the Boston area. With the money that he earned from playing basketball, he purchased a small apartment building. He quickly learned the importance of operating conservatively and properly maintaining his property. During the next 15 years, he amassed over 2,000 apartment units in the Greater Boston area.
By 1979, Mr. Katz decided to alter his investment strategy from residential to commercial property. After acquiring three retail properties in Greater Boston, Mr. Katz purchased a block of stores in Miami Beach in 1984. He called this his “hobby” property due to the fact that it was acquired during a vacation in Miami (where he has owned a residence since 1974) and it was relatively easy to manage.
His Florida holdings evolved from a so-called hobby to a full-scale development operation as he continued to acquire properties throughout Miami Beach during the late 1980’s. This led to the opening of a Miami office (in addition to the existing Boston office) in 1991.
Today, Mr. Katz owns over 6 million square feet of commercial space in Florida, Massachusetts, Rhode Island, New Hampshire and Connecticut. He continues to adhere to the principles which he has learned first-hand over the years. Although it may place restraints on future growth, Mr. Katz insists on operating with a minimal amount of debt. This conservation approach enables him to reduce his leverage and sustain periodic declines in the real estate market.
Furthermore, Mr. Katz continually invests his own personal funds towards the maintenance and beautification of his properties. His vision provides for the long term viability of his holdings due to his constant attention to detail in the management of his properties.
As for the National Basketball Association, Raanan Katz’s unyielding passion for basketball was finally fulfilled when he became an original partner of the Miami Heat when the team was approved as an expansion franchise in 1986. Since the team’s inaugural season in 1988, Raanan has been a fixture at courtside at the Miami Heat games.
Monday, July 25, 2011
Who is Raanan Katz and RK Associates
Raanan Katz is the founder and principal owner of RK Associates, a privately held, family-owned real estate development company which currently owns over 6,000,000 square feet of retail space and 100,000 square feet of office space in New England and South Florida. Since entering the real estate development arena in the 1970s, his "hands-on" approach and conservative borrowing practices have resulted in a portfolio of first-class properties with an extremely low debt structure, resulting in R.K. Associates being one of the more stable shopping center operato rs in the industry.
Raanan Katz first arrived in the United States in his early twenties with a reputation as an excellent outside shooter on the Israeli National Basketball Team, and was invited to join the Boston Celtics training camp. Celtics Head Coach, Red Auerbach recommended Raanan Katz to play for the U.S. All Stars, the sparring team for the Harlem Globetrotters. After leaving the All Stars, he settled in Boston, Massachusetts and purchased a small apartment building with the money he earned. During the next several years he amassed over 2000 apartment units in the Greater Boston area.
Raanan Katz first arrived in the United States in his early twenties with a reputation as an excellent outside shooter on the Israeli National Basketball Team, and was invited to join the Boston Celtics training camp. Celtics Head Coach, Red Auerbach recommended Raanan Katz to play for the U.S. All Stars, the sparring team for the Harlem Globetrotters. After leaving the All Stars, he settled in Boston, Massachusetts and purchased a small apartment building with the money he earned. During the next several years he amassed over 2000 apartment units in the Greater Boston area.
PROJECT TRACKER: Swansea's new Target is well on its way - Fall River, MA - The Herald News
PROJECT TRACKER: Swansea's new Target is well on its way - Fall River, MA - The Herald News
SWANSEA —
The project: New Target at RK Swansea Place
Estimated opening date: July 20
The details: The new and much anticipated Target store on Route 6 is on schedule for its grand opening.
The store is slated to open Wednesday, July 20, with a grand opening celebration set for Sunday, July 24.
The new Target is being built on the site of the former Building 19 store and Seabra supermarket.
The progress: The plaza will house some 200,000 square feet of retail space. New lighting, parking and landscaping have been added. Gates surrounding the site have been removed and the newly-paved parking lot is open.
The new Target will feature a Starbucks coffee shop and Pizza Hut Express inside. Target will also offer a grocery department.
Other stores confirmed to be moving into the plaza are Marshall’s, Famous Footwear, Sleepy’s, Five Guys Burgers and Fries, Radio Shack and Sally Beauty Supply. Not all of the shops will be ready to open by July 24.
For more information: Visit www.RKCenters.com or www.Target.com.
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