50 Cabot Street, Suite 200, Needham, MA 02494 Russian-Israeli diamond tycoon Lev Leviev, married with 9 children, has made over $4.5 billion and he's only 52. Another veteran is Stef Wertheimer, whos been a social leader apart from a business superstar. For those who are major Miami Heat fans, the name Raanan Katz might ring a bell. Miami Heat minority owner Raanan Katz is a bit thin-skinned. Alejandro Santo Domingo Davila & family, Source of wealth: mining, metals, machinery, 270. He was able to assist the organization in raising funds and was honored at the yearly Fete of Food and Wine Event. We have to be thankful for what we have, but who doesnt think about the lifestyle of the rich and famous every now and then? Sami Ofer for example, is an 86 year old self-made billionare who made his fortune from a global shipping empire, plus interests in banking and real estate. 2. This is how RK Centers owner Raanan Katz is checking his tenants "every plaza - every tenant - every day". Russian-Israeli diamond tycoon Lev Leviev, married with 9 children, has made over $4.5 billion and hes only 52. Not necessarily a change in his career path, but in his investment strategy from residential real estate to commercial properties. Raanan Katz owns a lot of real estate plus part of the Miami Heat basketball team. With the money in his pocket, Mr. Katz made his first real estate purchase and shortly thereafter had more than 2,000 apartment units in the Boston area. P.A. Send your story tips to author, Terrence McCoy or follow him on Twitter. 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. This led to a major change in his business and a shift from residential properties to commercial holdings. Phone: 305-949-4110 l Fax: 305-948-3410, Millbury | The Shoppes at Blackstone Valley, Hallandale Beach | RK Bank of America Plaza, North Miami Beach | RK Sunny Isles Square, Sunny Isles Beach | RK Town Center South: 168th, Sunny Isles Beach | RK Town Center North: 170th, RK Town Center North: 170th 171st | Sunny Isles Beach, RK Bank of America Plaza | Hallandale Beach. The companies were formed over a thirty-six year period with the most recent being incorporated two months ago in September of 2022. Raanan Katz Miami Real Estate: In 1979, Raanan decided to expand his operations to Miamiwhere he had a home since 1974and make the switch to commercial real estate. It was something he also knew he was good at, and during the next 15 years he amassed over 2,000 apartments in the Greater Boston area. He soon built a portfolio of properties in the South Florida area. At 82 years old, Stef is a lobbist for his idea ofimplementing theMarshall Plan for the Middle East therefore he created industrial parks like Tefen in the Galilee, to bring peaceful coexistence by having Jews and Arabs work together. Our expertise lies in the acquisition, development and management of "open air" regional and community shopping centers in New England and South Florida. This being said, Raanan Katz has raised the bar for commercial real estate, continuous investing his own personal funds towards the maintenance and beautification of each and every one of his properties. Dan Le Batard. RK Centers, through affiliate RK Veranda . For more information Contact Us. With over thirty years of experience in real estate, RK Centers has a proven track record of success with tenants, customers, and the communities in which we operate. The sale to Amancio Ortego occurred this August. At an Israeli basketball practice, a third-party photographer, Seffi Magriso, took this photo: Flattering?. Raanan Katz is the Limited Partner at Miami HEAT. Net Worth: $67 B . Our company typically closes on acquisitions in less than 30 days with its own funds; thereby eliminating the need to obtain financing. Get the latest updates in news, food, music and culture, and receive special offers direct to your inbox. While Mr. Katz was pushing forward in the commercial real estate industry, he was also re-establishing his professional relationship with basketball. R.K. Associates continually invests in maintenance and beautification of all its properties. He is someone who has made a difference in the real estate industry, in both New England and South Florida, since the late 1970s. He is devoted to the team, he is devoted to their success and he owns half of the Miami Heat expansion. Marc Katz owns over 7,500 units of Burlington Stores Inc stock worth over $13,864,599 and over the last 8 years Marc sold BURL stock worth over $17,104,892. This lasted for a year, and after that year a new chapter began in Raanans life. Save my name, email, and website in this browser for the next time I comment. Taken together, it is a roll of familiar names (people like Warren Buffett, Mark Zuckerberg and Donald Trump), as well unfamiliar ones. The shopping center is located at 1400-1484 East Hallandale Beach Boulevard. Redeveloping, re-branding and fixing up those properties proved to make a difference in each area. Raanan Katz is someone who had ambitions to become professional basketball player. To those not as enraptured with capitalism, he offered a curt suggestion: "Anyone who wants to move to North Korea is welcome.". Government officials in Hallandale, Florida, Middletown, Rhode Island and Stoughton, Massachusetts have formally recognized him for his development efforts. RK Associates was growing even then, and today RK Centers owns over six . Commercial Real Estate Salesperson. The Real Deal scoured the Ponte Gadea buyer until they traced the address to Amancio Ortega, who keeps a low-profile in Spain and abroad. Extending traffic light timing on certain intersections to allow more time for left turns into his shopping centers. In 1979, Raanan Katz decided to expand his operations to Miamiwhere he had a home since 1974and make the switch to commercial real estate. This net worth estimate does not reflect any other investments that Katz may own. Mr. Horowitz holds the position of President, Chief Executive Officer & Director at Kollsman, Inc., President, Chief Executive Officer & Director at Elbit Systems of America LLC, President at International Enterprises Industries LLC, President for M7 Aerospace LLC and President & Director at Elbit Systems . Some might find this approach could potentially stifle growth; but it has proven to be the complete opposite. Raanans tireless commitment to the development of the City of Sunny Isles Beach, Florida has been recognized by the City in its renaming 170th Street in Sunny Isles Beach as Raanan Katz Boulevard. This included the Hallandale Place Shopping Center. 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. In 2009, the Chevaldines sued Raanan Katz, Daniel Katz, and two of Raanan Katz's companies in Miami-Dade circuit court for breach of lease and defamation. Angelo and Banta Law Firm closes $67.5 million loan from Regions Bank to Plantation Residential LLC, Angelo & Banta Law Firm closes joint venture to acquire The Strand Residential Tower, The Museum of Discovery and Science holds its topping off celebration for the Ecodiscovery Center on April 12 2011, Midsize law firms pick up clients as companies turn from pricey giants, Why I live here by Tom Angelo as seen in the May 2009 issue of Florida Trend magazine, Angelo and Banta represents Autonation in headquarters relocation, Case Shows How Changes to Florida Summary Judgment Standard Is Affecting Litigation, Impact of Reduction in Florida Sales Tax on Commercial Real Property Leases For 2019, Florida Reduces Sales Tax on Commercial Rent. That same year, though there was no proof whatsoever the blogger had actually defamed Katz -- a fact the trial court readily confirmed -- the minority owner still won an injunction against her. People notice where influential buyers such as Amancio Ortega put their money. Raanan Katz has been associated with fifty-one companies, according to public records. In addition to his work in the real estate industry, Mr. Katz maintained his passion for basketball and became an initial partner in the expansion of the Miami Heat franchise in 1986. In 1979, Raanan Katz decided to expand his operations to Miamiwhere he had a home since 1974and make the switch to commercial real estate. He continued to acquire properties throughout New England and Southeast Florida. He is also a registered voter in Miami-Dade County. After leaving the All Stars, Raanan settled in Boston, Massachusetts and purchased a small apartment building with the money he earned. This essentially led to him opening an office in Miami in 1991. At the time, Katz's attorneys advised us against writing about the litigation. He and his wife Phyllis grew up watching the Celtics win championships, and the pair is a bit spoiled. They're collectively worth $4.4 trillion. The important thing is that they net over a billion dollars, which gets them a nice cosy spot on the Complete List. She had accused Katz, who's a prominent real estate developer, of perpetuating "rip-offs" and "law breaking," sourcing her allegations with articles and court documents. Raanan Katz Real Estate, Co-owner of the Miami Heat, and Philanthropist in Miami, Florida Visit my website The commitment of Raanan Katz and RK Centers to the development of Sunny Isles Beach resulted in the city naming one of its streets Raanan Katz Boulevard. Become a member to support the independent voice of South Florida In celebration of his tireless commitment to the development of the City of Sunny Isles Beach, Florida, the City has recently renamed 170st Street as Raanan Katz Boulevard, and dedicated its new athletic facility the Phyllis and Raanan Katz Sports Center. All share a commonality: they too have made capitalism work very well. Angelo said Katz is looking forward to working with the city. The citys glamor is quantified in its subsequent real estate trades: everyone wants to own a part of Miami. "These rants are essentially the electronic successor of holding a poster on a public sidewalk in front of an auto dealership that proclaimed, 'DON'T BUY HERE! Raanans vision provides for the long-term viability of his holdings as a result of the constant attention to detail regarding even the smallest maintenance issues. Net Worth: $75 B. Over the next several years, he continued to invest in residential properties, amassing over 2000 apartment units in the Greater Boston area. Raanan also purchased a substantial interest in the Israeli basketball team, Maccabi Tel Aviv, in 2003. He settled in the Boston area and purchased a small apartment building with the money he earned in the league. Maria Asuncion Aramburuzabala & family, 305. Mr. Katz had earned a reputation as an excellent outside. Katz owns 212,500 shares of RealReal stock worth more than $289,021 as of January 19th. In fact, in 1986 he became a partner in the Miami Heat expansion. RK Centers was founded by Raanan Katz, a former player with the Israeli National Basketball Team and the U.S. All-Stars. In fact, he has developed a lot of properties. Miami Heat minority owner Raanan Katz is a bit thin-skinned. Raanan was invited to join the Boston Celtics training camp where he was the final player cut from the Celtics roster, edged out by Hall of Famer, John Havlicek. We certainly hope that the mayor will live up to his word, he said. ONLY LEMONS FROM THESE CROOKS!". He was further honored with the dedication of the Phyllis and Raanan Katz Sports Center, located behind RK Village Plaza (18200 Collins Avenue), where Raanan remains a fixture on weekend afternoons taking on all basketball challengers with his still potent outside shot. Source of wealth: Microsoft. Dan . During their time on camera, Dillard smiled and was relaxed in his seat as he. It is a point of pride with Mr. Katz that he checks in with his tenants and lets them know that their livelihood matters to him - a task that has become more difficult as the success of RK centers has grown. Since entering the real estate development arena in the 1970s, Raanan Katz has become widely recognized for his portfolio of first-class retail properties throughout New England and South Florida. Mark Zuckerberg, made the list at #785, with a worth estimated at $1.5 billion. Jobs Number of Current Jobs 2 Raanan Katz has 2 current jobs as Limited Partner at Miami Heat and Founder & President at RK Centers. He found that it was relatively easy to manage and he was very good at it. Bill Gates. Widely known as one of the most successful clubs in Europe, Maccabi reached the Euroleague championship game four times during Raanans ownership tenure, including Euroleague Cup championship victories during Raanans inaugural years of ownership in 2004 and 2005. RK Associates is a privately held, family-owned real estate development company which currently owns over 6,000,000 square feet of commercial space. Prince Sultan bin Mohammed bin Saud Al Kabeer, Source of wealth: real estate, investments, This is a BETA experience. Youll notice that some of the people on the list are not Israelis, and some are Israelis living abroad. Net worth: $7.5 billion. Governor Charlie Baker recognized Raanans dedication to the Crohns and Colitis Foundations cause with a proclamation in November 2016, for his dedication to the CCFA. and help keep the future of New Times, Use of this website constitutes acceptance of our. He was born and raised in Israel, having played basketball for the Israe. He definitely has a long-term view for the city.. Raanan continues to apply his conservative real estate principles by operating with a minimal amount of debt, enabling him to sustain periodic declines in the real estate market; while continuously investing in improvements to his properties. This conservative approach has actually ensured that the company sustains periodic declines in the real estate market, while other companies might struggle to keep above water. In 1979, Raanan decided that he was ready for a change. Both cases were . Follow Miami New Times on Facebook and Twitter @MiamiNewTimes. Raanan Katz? Raanan was invited to join the Boston Celtics training camp where he was the final player cut from the Celtics roster, edged out by Hall of Famer, John Havlicek. 2. Then Twitter Fired Her. He currently owns over six million square feet of retail space across several states. In 2006, Raanan Katz was honored by the City of Sunny Isles Beach for his contributions to the community. Amid turbulence of acquisition by Microsoft, News Corp, Private Equity funds and now a help offer from Google,, Its not every day that Israel celebrates sixty years of independence, and despite of global and local economic, Israeli startup AniBoom has raised $4.5 million for its emerging online animation community, reports NewTeeVee. His already-heavy presence in Sunny Isles Beach is about to get heavier. He soon built a portfolio of properties in the South Florida area. He also owns the most expensive new home in Britain, $65 million Palladio, a seven-bedroom bulletproof estate replete with in-house nightclub and gold-plated indoor pool. Learn More about Arnon Katz's net worth. "Some people, through luck and skill, end up with a lot of assets. So he has continued to stay true to his roots in basketball, supporting the sport in every way possibleall while growing his company. 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