Thursday, December 30, 2010
Long known as a walkable trendy downtown area with emphasis on the creative works of a large variety of artists, now planning for a February 2011 opening, the 5500 sq ft Arts Garage is being built on the grounds of the Old School Square 531-space parking garage at 180 NE 1st Street. An artists community already long exists in Delray Beach, e.g. musicians who perform along Pineapple Grove Way, marketing and public relations computer savvy students who help the artists, actors who are performing in local productions and painters who work on their canvases.
In 2006, the Creative City Collaborative resulted from a $50,000 study detailing the importance of the arts as an economic engine and agent of revitalization, and is just awakening from dormancy. It is a nonprofit organization whose executive director and staff and the finishing of the interior space are funded by the Community Redevelopment Agency. Live and musical performances, foreign and documentary films, classes and workshops are being planned. There will be musical theatre classes for children. A schedule of events and classes will be announced soon.
The Collaborative was created by the City Commission to foster the arts, and will occupy this city-owned building. Bays will be created for workshops, exhibit space and a performing arts stage. It is being planned as an “open place with open doors.” This will be a pilot project for a warehouse owned by CRA on NE 3rd Street which the Collaborative plans to turn into an arts incubator.Artists who would like to participate are encouraged to contact the Collaborative. Email email@example.com for further information.
Posted by Marilyn Farber Jacobs at Thursday, December 30, 2010
Sunday, December 26, 2010
Pioneer Day at the Little Red Schoolhouse in Palm Beach is tentatively scheduled for Tuesday, January 15, 2011 from 1-3 pm. Check with the Preservation Foundation at 561-832-0731. It is now home to a program of Palm Beach’s living history taking children back in time for a mini-day in a one-room school of the 1890’s, home to The Preservation Foundation of Palm Beach.
The Little Red Schoolhouse is in Phipps Ocean Park in Palm Beach, 2185 South Ocean Drive in Palm Beach. Refurbished in 1960 by the Gardeners Society of Palm Beach and the Town of Palm Beach, it remained unused until 1990 when it became part of the pioneer education program. Education in America’s one-room schoolhouses stressed discipline, moral values and “the 3 R’s.” Visiting students today participate in a spelling bee, trace Spencerian script and recite from Tom Sawyer, Little Women, The Ancient Mariner and McGuffey’s Readers. Period artifacts are also part of the pioneer educational experience.
Starting with seven students in 1886, there were 35 students by the 1880’s. The schoolhouse was located about a mile north of the Royal Poinciana Bridge on Lake Trail in Palm Beach. Children arrived by boat, bicycle or on foot from Lake Worth families and were all taught together in one room. The school ceased operation in 1901 and became a tool shed on the John S. Phipps property, falling into decline and deterioration in future years.
Preserving past educational history and its artifacts is so important to the school children of today. There are interesting positive lessons to learn from the past.
Posted by Marilyn Farber Jacobs at Sunday, December 26, 2010
Wednesday, December 22, 2010
With its distinctive Mediterranean architecture and yellow exterior sporting red and yellow striped awnings that shade the guest rooms and hotel frontage, the 1926 Delray Beach Colony Hotel, located on trendy downtown Atlantic Avenue, recalls the romantic Flagler era and the talents of Addison Mizner, a grand period indeed. The Hotel is smack dab in the middle of many boutiques, art galleries, and restaurants ranging from ethic to fine dining. Lunch on the front porch can become a ritual.
The original manually operated elevator remains, along with original candelabras and chandeliers. The lobby features French Doors and a wood burning fireplace.
Many weekends there are arts and/or crafts fairs and green markets to browse, off Atlantic Avenue. Some nights jazz drifts though the area to the distinct pleasure of diners eating outside at sidewalk cafes. What could be more relaxing or romantic?
The ocean and beautiful white sandy beach are only 5 blocks walk heading east. The Colony Cabana Club, a private beach club located two miles from the hotel, where seagrapes, coconut palms and native flora sway in the breezes of the Atlantic. Hotel guests have use of 250 feet of private beach with complimentary umbrellas, cabanas and chaises, right on the beach.The emphasis is on casual, but this is a sophisticated, worldly, enticing environment.
Posted by Marilyn Farber Jacobs at Wednesday, December 22, 2010
Tuesday, December 21, 2010
Delray Beach will hold the next Art & Craft Fair in Pineapple Grove, north on NE 2nd off Atlantic Avenue, from 10 am to 5 pm. More than 100 booths will be featured. Items to browse and purchase will include some of the finest arts and crafts in the US e.g. life sized sculptures, paintings, handmade jewelry, pottery and some very unique treasures. Don’t miss the adjacent crafters market place with handmade body products, beautiful candles, wood plant holders and an expansive green market.
Show is now closed in jewelry category and only wait list applications will be accepted for this category.
Exhibitor parking is at City Hall on NW 1st Avenue. Both size is 10’x10’ but a double space may be available too. For show fees email firstname.lastname@example.org
Posted by Marilyn Farber Jacobs at Tuesday, December 21, 2010
Wednesday, December 15, 2010
Posted by Marilyn Farber Jacobs at Wednesday, December 15, 2010
Sunday, December 12, 2010
A joint version of property appraisal guidelines was released 12-6-2010 by the Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp., the Office of Thrift Supervision and the National Credit Union Administration. It is expected that this will be the final version.
Appraisal independence is cited, with lenders exchanging information with appraisers, but not being able to “directly or indirectly coerce, influence, or otherwise encourage an appraiser or a person who performs an evaluation to misstate or misrepresent the value of the property.” Lenders cannot tell appraiser of any expected or qualifying estimate of value, nor mention a minimum value requirement for approval or condition of the valuation being ordered. Lenders can’t tie compensation to appraiser to loan approval, nor blacklist an appraiser if valuations do not meet expected thresholds.
BPOs (broker price opinions) do NOT comply with minimum appraisal standards.
Posted by Marilyn Farber Jacobs at Sunday, December 12, 2010
Friday, December 10, 2010
Head over to the Delray Art League Show: 10 a.m.-4:30 p.m. on weekends, Dec. 11, 12 , 18, and 19 at Veterans Park, 802 NE First St., Delray Beach. Free. 561-843-2311. Note that the cruise boats leave from the pier in Veterans Park for a delightful trip up and down the Intracoastal Waterway, viewing gorgeous mansions and luxury condos.
Narrated Bus Tours of Historic Delray Beach: Museum of Lifestyle & Fashion History. Registration 10 a.m., departure 11 a.m. Dec. 18 from Boynton Beach Mall, 801 N. Congress Ave. Adults/seniors $15; under 18 free. delraybeachbustours.org; 561-243-2662.
Posted by Marilyn Farber Jacobs at Friday, December 10, 2010
Monday, December 06, 2010
ADDITIONS COMING TO BOCA RATON REGIONAL HOSPITAL
BRRH has received a $10M donation from business woman Christine E. Lynn and is developing the Christine E. Lynn Womens Health & Wellness Institute with this donation. Another donation will enable renovation and updating of the orthopedic rooms beginning in early 2011.
Some revenue slid IN 1Q 2010 because the hospital started a discount program for uninsured patients who now get 50% off gross charges at the hospital. With uninsured patients paying smaller bills, there was less bad debt on the hospital’s books. The loss was less than the same quarter last year which was $4.1M.
Typically, 3Q is the slowest part of the year for admissions as more patients are seen when the snowbirds are in the area in the winter months.
Posted by Marilyn Farber Jacobs at Monday, December 06, 2010
Wednesday, November 24, 2010
The first new planned condo in Palm Beach County is set to begin construction at 4001 North Ocean on A1A along the beach. This is prime beachfront property and only 2 ½ miles north of the bustling dining, arts, cultural and entertainment trendy downtown Delray Beach’s Atlantic Avenue, and near Gulf Stream.
The builder will use in-house contractors and local subcontractors as well. There will be 34 condo units in the 6-story building, each about 3000 sq ft and priced betweent $1.4MM and $3MM. Four separate villas will be built on the west side of A1A priced similarly but 4000 sq ft with 2-car garages.
Featured will be 10’ ceilings, glass and hurricane-resistant constructions, and delivery is expected in early 2013. The Grand Opening is planned for mid-January 2011 and needs 10 to 12 contracts to”go vertical.” Three are reported already sold.
C’MON ALONG and listen to live music and prowl the art galleries for a new piece of artwork to fall in love with and take home. Delray Beach boasts a vibrant, bustling art scene in its trendy downtown with almost 20 galleries clustered among boutiques, nightclubs and many of Florida’s best restaurants.
Thursday, December 2nd, here are the open galleries, 6-10 pm
- Avalon Gallery - 425 E Atlantic Ave
- Blue Coast Art Exhibit - 110 E Atlantic Ave
- Blue Gallery - 600 E Atlantic Ave
- Boca Raton Museum of Art Artists Guild - 512 E Atlantic Ave
- Cacace Fine Art Studio & Gallery - 135 E Atlantic Ave
- DeBilzan Gallery - 38 E Atlantic Ave
- Delray Art & Framing - 321 E Atlantic Ave
- Ford Fine Art - 235 NE 4th Ave #101
- Forms Gallery - 415 E Atlantic Ave
- Kevro's Gallery, Media Studio & Art Bar - 166 SE 2nd St
- Ora Sorensen Gallery - 445 E Atlantic Ave
- Jim Kolvacik - 110 E Atlantic
- Groove Merchant - Worthing Park
- Demian Bell - 300 E Atlantic
- South Groove - 400 E Atlantic
- Jazz Survivors - 500 E Atlantic
- Southern Dance Theatre - 600 E Atlantic
Many great eateries… try sidewalk dining… or inside. Pick your ethnic food choice.
· Palm Beach - There were 517 sales of houses and condos for $1MM+ in the first 9 months of 2010, up 13% from the same period in 2009 – buyers are driving hard bargains and sellers are selling!
· October statewide year-to-date existing home sales in Florida were u p 7% and condo sales up 33%
· NAR Chief Economist Lawrence Yun said what is slowing down the housing market recovery includes:
o Recent foreclosure moratorium
o Tight credit
o Appraisals coming below a negotiated price
· Yun also said the good news is:
o Low mortgage interest rates
o Favorable affordability conditions
o Pentup demand by buyers may soon be unleashed
· Economists forecast 1 million new jobs in Florida over the next 7 years
· Foreclosure Shadow inventory (not yet on the market) poses a threat to market values going up
· Proposed limits on mortgage interest tax deductions are slowing sales
· Should some of the savings from earmarked money being canceled be put in the form of a new tax credit to help home buyers?
Saturday, November 20, 2010
NAR Chief Economist and GURU
Lawrence Yun, said,
According to the
WALL STREET JOURNAL,
that removing the mortgage
interest deduction completely
could cause home prices to
fall by about 15%,
should it be wiped away
“”That is,” he said, “an ugly
scenario, particularly given
housing’s fragile state.”
While the chances of the
deduction going away
are slim, he painted
a grim picture of
what could happen.
“Housing is critical
to the economy,”
he said in an interview.
“In my view,
[losing the deduction]
that will surely put us in a
Posted by Marilyn Farber Jacobs at Saturday, November 20, 2010
Saturday, November 13, 2010
ZILLOW REPORTS ALMOST HALF OF ALL
SEPTEMBER SALES IN SOUTH FLORIDA
SOLD FOR A LOSS.
The tri-county area has a 42% rate of underwater mortgages for single family homes. Home values have fallen since the 2006 peak by 53% with price levels what they were in July 2002. In October foreclosures increased with one in every 155 Florida housing units receiving a foreclosure filing, 2nd behind California and 17% of all US foreclosures.
Posted by Marilyn Farber Jacobs at Saturday, November 13, 2010
Monday, November 08, 2010
IF THE ART MARKET EMERGES FROM A SLUMP THANKS TO INTERNATIONAL BUYERS… CAN THE HOUSING MARKET BE NEXT?
Bullish bids for important works of Impressionist and Modern art came in this past week from Russia, China, Hong Kong, Taiwan, Quatar, Abu Dhabi and Singapore as well as other corners of the world. The money comes from fortunes made in oil, gas, gold and other commodities. Sotheby’s sold $227MM worth of impressionist and modern art last week. Between $800MM and $1BB of art has sold or is planned for sale last week and this week by Sotheby’s and Christie’s, both prominent auction houses.
The last major auction was in May 2008 before the financial crisis stemmed the tide, when the art market was down 30% according to Mei Moses All Art index which tracks publicly sold art. 2009 was described as “rocky” in the art market. In the first half of 2010 returns were up 13%.
Recent “big time” art sales that set records included:
MATISSE: Monumental bigger-than-lifesize bronze sculpture of a woman’s back set a new record at Christies for this artist by selling for almost $49MM ($48,802,500). Sale estimates were between $25-$30MM and a global bidding wear sent the price up. The piece, “Nu de dos, 4 etate (Back IV)” measures 74.5”. This work was conceived by Matisse around 1930, but cast in 1978, 24 years after his death. The piece is No.oo in a collection of 12, the first three versions conceived in 1909, 1913 and 1916-17 are at the Museum of Modern Art. Matisse’s "Danseuse dans le fauteuil, sol en damier," sold for $20.8MM. Photo is from Christie’s Images Ltd.
MODIGLIANI: A life-sized painting sold at Sotheby’s for $69MM, and Modigliani’s circa 1917 seductive canvas, titled “Nu assis sur un divan (La Belle Romaine),” ["Nude Sitting on a Divan (The Beautiful Roman Woman),"] catapulted beyond a pre-sale estimate of about $40MM. It sold back in 1999 at Sotheby’s for $16.7MM, which was a record at the time. His previous record was $52.6, sold earlier this year in Paris.
GRIS: “Violon et guitare” a cubist oil painting on canvas done in September 1913, sold for $28.64MM after estimates for $18-25MM. It was sold by Marilyn Arison, wife of late billionaire Ted Arison and sold to benefit the nonprofit YoungArts. In 1998 they paid $9.9MM for this work of art. Gris regarded this Cubist still life as his ultimate masterpiece, according to Christie’s.
MONET’s: “Le Bassin aux Nympheas,” part of his iconic water lilies series, sold for $25.7MM. Its format is awkwardly elongated. Most of his coveted water lily paintings are in museums and some consider them, painted during the last 20 years of his life, his ultimate achievement.
ROTHCO: abstract painting, off the market for 40 years, could sell this week at Sotheby’s, estimate is between $20-$30MM. PICASSO: “Man with a Flag” sold for $5.3MM. LEGER: His “Femme sur fond rouge, femme assise”, the stylized figure of a woman seated cross-legged, in black and white on a red background sold for $6.35MM. SEURAT: A black Conte crayon study of a woman standing is seen from the back with a feeling of time suspended and profound mystery as the shadowy figure seems about to enter an invisible world brought $4.3MM. GIACOMETTI: “His “Femme de Venise V,” a craggy, jagged elongated fiture case in 1958 in an edition of 6 brought in $10MM.
This week, Christies hopes to get $240MM from sales of works by Warhol, Lichtenstein, Koons, Richter and Rothco.
Both Christie’s and Sotheby’s had predicted a surge in demand ahead of this year’s autumn auctions, with the art market emerging from a slump triggered by the global financial crisis.
Posted by Marilyn Farber Jacobs at Monday, November 08, 2010
Sunday, November 07, 2010
OBAMA ADMINISTRATION RELEASES
OCTOBER HOUSING SCORECARD
The latest housing figures show continued
signs of stabilization in house prices and
high home affordability due in part to record
low interest rates. The housing scorecard is
a comprehensive report on the
nation’s housing market.
Posted by Marilyn Farber Jacobs at Sunday, November 07, 2010
Monday, November 01, 2010
September showed an increase in home sales, causing NAR chief economist Lawrence Yun to say, “A housing recovery is taking place, but will be choppy at times depending on the duration and impact of a foreclosure moratorium. But the overall direction should be a gradual rising trend in home sales with buyers responding to historically low mortgage interest rates and very favorable affordability conditions.”
Let’s keep our fingers crossed that this path upwards will continue.
Interest rates have fallen to about half what they were nearly a decade ago, causing, in some cases, monthly mortgage payments to be less money than renting. About 35% of the September sales were distressed sales. According to reports, there will be more to come for some time into the future, while the government struggles to clear up a review of banking agency practices, looking at irregularities and weaknesses.
Posted by Marilyn Farber Jacobs at Monday, November 01, 2010
Sunday, October 24, 2010
According to Bain & Co, luxury goods including designer clothes, leather goods, watches, jewelry and such were predicted to have a 10% increase in sales in 2010, reported in a study commissioned by Italy’s Fondazione Altagamma association of high-end producers. Sales had declined by 8% in 2009.
So far US sales of high-end items are up 12% with wardrobe replenishment after a year of careful holding back, Asians up 22% and Europeans spending 6% more for luxury items. With the holiday season still ahead, Bain predicts a 9-11% growth during that period, so it’s time to open your wallets folks, and keep the stores in business.
Powering the spending are the Chinese with sales growing 30%. Chinese tourists are traveling the world en masse and spending as they go. The study reports that larger brands are faring better than smaller ones, which may foretell the possibilities of mergers or absorptions of small companies, and menswear is growing faster than women’s wear… amazing? Our men are browsing the internet for their favorite brands and buying online.
Leather goods purchases had held up and are expected to grow by 16%.
May as well get in on the buying binge now as, due to the likely continuing lowering of the dollar against the euro, growth is predicted to head down 3-5% in 2011.
Posted by Marilyn Farber Jacobs at Sunday, October 24, 2010