Realtors® Commercial Alliance of the Palm Beaches present award for deal involving development of luxury condominiums
Jupiter, Florida (March 2, 2020) — The Realtors® Commercial Alliance of Broward, Palm Beaches and St. Lucie has again honored Robert Hamman and his SVN Florida team, this time with the 2019 Top Multi-Family Deal award. The announcement came at the group’s annual Deal Maker Awards ceremony in West Palm Beach, FL, in February.
These awards recognize outstanding contributions to the commercial real estate industry. Last year, the organization honored Hamman and his team with the Land Deal of the Year.
“It’s always especially gratifying being honored by peers and by an organization like the Realtors Commercial Alliance,” said Hamman, an SVN Florida Senior Advisor based in Jupiter, FL. “The award is the result of a team effort by some outstanding professionals who are committed to providing clients with the highest levels of service.”
This year’s Multi-Family Deal recognizes the Hamman team’s work on a complex deal: the Singer Island Land/Condo in Palm Beach Shores, FL. Hamman found a buyer to develop three parcels into three luxury townhome buildings on the Palm Beach Inlet.
“This development will have a major impact on the community,” Hamman said. “In addition to providing multi-family housing units in the area, it will help reduce the tax burden for residents of Palm Beach Shores.”
This deal faced several challenges throughout the process, including a height restriction along the inlet and some financing issues. Working with Palm Beach Shores and with the buyer, the team was able to overcome these obstacles and make the development a reality.
Hamman specializes in the sale and leasing of office, industrial, vacant land, and investment properties. Over the years, he has exclusively represented national retailers with their expansions and helped expand the portfolios for many high net-worth clients.
SVN, a commercial real estate brokerage firm headquartered in Boston, is one of the industry’s most recognized and powerful brands based on the annual Lipsey Top Brand Survey and Commercial Property Executive Magazine. With more than 200 locations in 500 markets, SVN Commercial Real Estate Advisors provide sales, leasing and property management services to clients worldwide. The Florida team consists of more than 100 advisors serving locations across the state.