Wednesday, December 5, 2012

RK Centers signs first Pembroke lease with Fitworks

Just a couple of weeks after acquiring RK North River Plaza, Raanan Katz and his team have leased one of the 4 vacancies at the shopping center.

Fitworks will occupy space 160 next to Staples.

Check out the website for additional property details.

www.rkcenters.com

Wednesday, November 28, 2012

RK North River Plaza construction

Raanan Katz has started the replacement of all columns as part of a full facade upgrade.

Wednesday, November 14, 2012

Raanan Katz and RK CENTERS ANNOUNCES THE ACQUISITION OF NORTH RIVER PLAZA, PEMBROKE, MA.

Raanan Katz Information - New Shopping Center Acquisition


Pembroke, MA - RK Centers is pleased to announce the acquisition of North River Plaza, Pembroke, MA. Renamed to RK North River Plaza, the 241,000 SF center is anchored by Super Stop & Shop, Kohl’s and Staples.

RK has already begun renovations to the center including a new facade, improved landscaping and improved signage.

Raanan katz“We hit the ground running. Our team was able to line up our contractors during the due diligence phase and we were able to start without delay” says David Katz of RK Centers.
Raanan KatzWith occupancy close to 96%, RK’s leasing team was able to focus on filling the remaining vacancies with national retailers. “Due to our existing South Shore presence, we were aware of many moving parts that would fit well with North River’s existing uses” said Kenneth Fries of RK Centers, “our leasing efforts are well underway.”

RK North River Plaza is located at Exit 12 near the intersection of Routes 3 and 139.
RK Centers is a privately held, family-owned real estate development company which currently owns over 6,000,000 square feet of commercial space, with expertise in the acquisition, development, and management of "open air" regional and community shopping centers in New England and South Florida. Additional information about RK Centers is available on the Internet at www.rkcenters.com.

Property permalink: http://rkcenters.com/rk-north-river-plaza-pembroke.php 

Leasing Contact: 
Kenneth Fries 


Marketing Contact:
Kevin Belmont 
RK Centers 
456 Providence Highway 
Dedham, MA 02026 
781-320-0001 




Tuesday, October 2, 2012

NEREJ - Question of the Month: Can technology improve communication and efficiency for field personnel?

NEREJ - Question of the Month: Can technology improve communication and efficiency for field personnel?


Question of the Month: Can technology improve communication and efficiency for field personnel?

Kevin Belmont, RK Centers
Kevin Belmont, RK Centers
A property manager walks onto a property to do an inspection. They take out a pad of paper and a pen and start to focus on the details. He or she visits tenants and makes notes of maintenance deficiencies and creating talking points for vendor calls or in-house staff. It could be a leasing sign that has fallen from a window, a tenant looking to talk about a renewal or the lack of weeding on the part of the landscaper. If the property manager is responsible for a portfolio of properties, visiting a group of properties in a day is typical. At the end of a long day of field visits, it is time to type the list up, see what calls need to be made, and plan how the deficiencies will be resolved.
In the above scenario, one might say nothing was done incorrectly. The property manager is doing his or her job and managing the properties. At RK Centers, a company founded by Raanan Katz over thirty years ago, we thought hard about the challenges field personnel have on a daily basis and asked the question - how could it be more efficient? How could our personnel communicate better? What technology would allow us to communicate in real time and be maintained by multiple departments and/or employees?
Our first task was to determine how the RK Centers property management/development team could share task lists and have the ability to modify the lists in the field? For many years, our company used a "Property Book," which was managed by one of our office-based team. It was about 200 pages of information that was reprinted as edits were completed at the weekly management meetings. The book included current task lists for property management, property site plans, and important phone numbers for each property. Given its size, the book was not convenient to carry around, not to mention that amount of paper that was being used on a weekly basis.
The solution came after many trials. We had field personnel call into office personnel for manual updates to the lists, which was labor intensive and not effective. We tried laptops and using the remote desktop connection allowing employees to access the server. This method allowed the user to access the network and see the digital lists and/or access property data when needed. While this method was an improvement over the manual method, the time needed to fire up a laptop and access information was just not effective. The company's founder Raanan Katz encouraged the team to continue to seek a technological solution, which came after many months of trial and error. After significant brainstorming, the team found the ideal application to use on the Apple iPad - Notespark. With Notespark, we found the perfect way to access our task lists and manage the important phone numbers needed in the field. Notespark allows for a team to create, edit, and share task lists on the iPad for field staff in real-time, meanwhile, office staff can access this information on the Notespark.com website. Notespark's website www.notespark.com states that, "Notespark gives you a single set of notes that you can access from the web, iPhone and iPad. Your iPhone keeps its own copy of the notes so you can use them even when you are offline and synchronize when you are ready. By default, your notes are private, but you can also share your notes with other people." RK Centers has been using this solution since February of this year. We no longer need to maintain a cumbersome property book, which saves money and time. Beyond these savings, our staff now has up to date information in the field.
Another topic that fell under the question of field staff communications was software for the leasing staff to manage leasing activities, which we solved by using a product from Avidian Software. Avidian Prophet CRM software is embedded inside Microsoft Outlook and was accessible on the iPad and web. The software, Prophet was the perfect solution. Users did not have to leave Outlook to manage prospects and it has full reporting capabilities. Previously, the leasing reports had to be manually maintained and needed constant updating. As a result, we did not have real time information about leasing. Now, with Prophet, RK Centers document all leasing prospects and the reporting is completed with a click of a button.
Our final task was to give real time access to files needed in the field. Dropbox was the solution. It allows for remote access and sharing of files. Dropbox has become a vital tool we never knew we needed. We have real time access to leasing brochures for leasing meetings, construction plans for field emergencies, and all other documents that may be needed in the field.
These technological solutions have changed the way RK Centers communicates in the field. They have been extremely effective for our business. RK Centers is a privately held, family-owned real estate development company founded by Raanan Katz which currently owns over 6 million s/f of commercial space. RK Centers' core business is acquiring, developing and operating prime "open air" regional and community shopping centers in New England and South Florida. All of RK Centers' leasing and management is performed in-house by company staff.
More information can be found at www.rkcenters.com.
Kevin Belmont is director of marketing and information technology for RK Centers, Dedham, Mass.

Thursday, August 30, 2012

Great Article on Raanan Katz and the RK Centers Brand - From the New England Real Estate Journal

Great Article that was published on Raanan Katz and his company.

How Raanan Katz's basketball logo tells a story and represents the RK Centers' brand

Kevin Belmont, RK Centers
Kevin Belmont, RK Centers
Raanan Katz started out his career as a basketball player in Israel, but in the 40 years since he retired from his playing days, Raanan Katz has been leasing, managing and developing commercial and residential real estate. In the early 1980s, after acquiring over 2,000 apartments in the Boston area, he transitioned his focus from residential to commercial real estate and has since grown his portfolio to over 40 commercial properties, totaling over 6 million s/f of retail space and about 100,000 s/f of office space. Raanan's pride in maintaining top quality shopping centers is evidenced by his personal "signature" emblazoned on each building with the initials "RK" alongside the distinct company basketball logo.
The signature basketball RK Centers logo and RK initials have become a beacon for shopping center patrons and prospective tenants. When a patron or prospective tenant sees the "RK logo" on the side of a building or the basketball logo on the pylon sign they expect to enter a well maintained and attractive shopping center. According to Raanan Katz, "the RK logo is distinctive; our prospects know they are getting a professionally maintained center that will be clean and inviting. I personally visit the properties on a regular basis to ensure that our centers are top quality." The RK Centers brand has grown and evolved over the past 40 years, but the "RK Way" of shopping center maintenance has been a constant. Namely, the "RK Way" means that a RK property is going to be updated, well maintained, well landscaped, a safe shopping environment and, most importantly, inviting to patrons. Raanan Katz's and RK Centers' dedication and commitment to the communities in which he has developed property has not gone unnoticed. For example, the City of Sunny Isles Beach, Florida recently recognized Raanan Katz's tireless commitment to its development by renaming 170th St. as "Raanan Katz Boulevard." Raanan was further honored with the dedication of the Phyllis and Raanan Katz Sports Center, located behind RK Village Plaza (18200 Collins Ave.) in Sunny Isles Beach, where Raanan remains a fixture on weekend afternoons taking on all basketball challengers with his still potent outside shot. Katz's accolades extend to New England as well. Two examples of that recognition include, The Metro South Chamber of Commerce Economic Development Impact Award and the State of Rhode Island, House of Representatives a citation recognizing RK Centers as "being responsible for transforming a Middletown Shopping Plaza into an appealing and artistically styled center that enhances the town and encourages positive growth."
Katz's unique basketball logo is a legacy of both his early playing days in Israel for powerhouse Maccabi Tel Aviv and the Israeli National Team, as well as his time playing for the U.S. All Stars, the sparring team for the world famous Harlem Globetrotters. Beyond being a real estate developer, Raanan remains close to the game in the ownership arena. In 1986, Katz became an original partner of the Miami Heat expansion franchise, where he remains a courtside figure at every home game. Katz was ecstatic to be a front row witness to the 2012 NBA Championship victory led by Lebron James, Dwyane Wade and Chris Bosh. Besides the Miami Heat, Raanan also purchased a substantial interest in the Israeli basketball team Maccabi Tel Aviv in 2003. Maccabi is widely known as one of the most successful clubs in Europe and Israel, having reached the Euroleague championship game four times during Raanan's ownership tenure, including Euroleague Cup championship victories during Raanan's inaugural years of ownership in 2004 and 2005. Raanan subsequently sold his interest in Maccabi Tel Aviv in 2009, but remains heavily involved with Israeli basketball by sponsoring teams based in Jerusalem, Galil, and Holon.
Given its strong financial position, and excellent reputation for shopping center management, RK Centers is poised to acquire additional properties in an effort to grow its portfolio. A key advantage that Raanan Katz and RK Centers enjoy is that the company typically closes on acquisitions in less than 30 days by using its own funds; eliminating the need to obtain financing. With over forty years of experience in real estate, Raanan Katz and RK Centers have a proven track record of success with tenants, customers and the communities in which it operates. Most recently, RK Centers completed the acquisition of RK Cape Roads Crossing in Raynham, MA (214,000 s/f), RK Sage Plaza in Hallandale Beach, FL (30,000 s/f) and RK San Souci Plaza in North Miami Beach (27,640 s/f). More information about Raanan Katz and RK Centers is available at their website at www.rkcenters.com.
Kevin Belmont is director of marketing and information technology for RK Centers, Dedham, Mass.

NEREJ - How Raanan Katz's basketball logo tells a story and represents the RK Centers' brand

NEREJ - How Raanan Katz's basketball logo tells a story and represents the RK Centers' brand

Monday, June 11, 2012

Friday, June 8, 2012

Check out our Scribd Page... see our leasing brochures and Raanan Katz

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Raanan Katz, Owner of RK Centers has company utilize Scribd to post brochures and keep people informed about his real estate portfolio. 

Raanan Katz Information can be found at www.raanankatz.com

Tuesday, June 5, 2012

Great Article on Raanan Katz - GO MIAMI HEAT 2012

GO HEAT - RAANAN KATZ - Forgotten man of the Heat brass

As the team struggles to catch up — and hometown attention is heaped on majority owner Micky Arison — Katz is the forgotten man of the Heat brass. Along with Latin crooner Julio Iglesias, apparel maker Sidney Kimmel, and former cruise line executive Robert Sturges, he owns a combined twelve percent of the team's stock. The vigorous, handsome former basketball player has been a courtside fixture since the team's inaugural season.

Katz was born on a kibbutz in the northern part of Israel, where as a ten-year-old boy he honed his basketball skills on a dirt half-court with a netless hoop. In his early twenties, Katz made the Israeli national basketball team and earned a reputation as an excellent outside shooter. In 1962 the Boston Celtics invited him to training camp but then trimmed him from the roster. Katz says he was edged out by John Havlicek (who was inducted into the Basketball Hall of Fame in 1984).

Later the same year, Katz played for the U.S. All-Stars, the sparring team for the Harlem Globetrotters. "We would always spot them six free baskets during games," Katz recalls, explaining why the Globetrotters would always emerge victorious. "It was pure entertainment." In 1965 Katz settled down in Boston, where he spent fifteen years amassing rental properties. In 1980 he switched from residential to commercial. Four years later, Katz moved to South Florida and began acquiring commercial properties all over Miami-Dade. He bought a piece of the team before its first game in 1986. In the early years, before the Heat moved from the Miami Arena to its Biscayne Boulevard palace, majority owners Billy Cunningham and Lewis Schaffel controlled the franchise with an iron fist.

In 1995 Katz sued Schaffel and Cunningham to stop the duo from selling their interest in the Heat to Wayne Huizenga's brother-in-law, Whit Hudson. Katz dropped the complaint later that year when Micky Arison and his father Ted bought out Schaffel and Cunningham for $60 million.

Today Katz likes to talk about his playmaking abilities. "I shoot and play like I'm 28-year-old," the six-foot-one former guard says. "My specialty is the three-point shot."

His company, RK Associates, owns and leases ten shopping centers in the county — mostly in the north end. In Sunny Isles Beach, Katz is the stuff of legend. Mayor Norman Edelcup dubbed this past May 18 "Raanan Katz Day" because of Katz's success as a developer and landlord. There is hardly a business in sight that doesn't rest under his company's logo — a basketball stamped with Katz's initials swishing through a net.

"He's tall, well built," said the manager of a Perfumania store in a Katz-owned shopping center at 169th Street and Collins Avenue. "He's tough," he added with a wide grin. But he declined further comment and refused to give his name.

David Reiser, who owns a UPS store and a Mail Boxes Etc. in two of Katz's strip malls, lauded the businessman's acumen. "He's a diplomat," Reiser said. "He's brought in good, national tenants." When asked if he knew of Katz's call to prayer for the Heat, Reiser chuckled. "If it hadn't been a request, it would have been a demand," he said. "It's certainly well known that he cares about [the Heat]."

Katz is also part owner of the Maccabi Tel Aviv basketball club, which recently was defeated by CSKA Moscow in the Euroleague final four, ending the Israeli team's two-year reign as champs. Katz said he would actually have preferred a third crown for Maccabi rather than a first title for the Heat. "For some reason, I take Maccabi's loss more to heart," Katz admitted."

By Francisco Alvarado Thursday, Jun 15 2006
— Writing fellow Calvin Godfrey contributed to this report

Originally found At: http://www.miaminewtimes.com/2006-06-15/news/go-heat/