Keep an eye on National Real Estate Investor’s 10 picks for people shaking up the commercial real estate industry in 2011. Each of the leaders profiled has made a bold move, and over the coming year time will tell whether their instincts and the risks they have taken pay off. The 10 are selected from across the spectrum of property types and financial interests. They reflect the impact of the recession, from the investments made by a private equity fund to the credit strategies of a retail REIT in the aftermath of bankruptcy. One profiled executive left the industry after selling a major apartment portfolio in 1998, and returned to launch an international real estate merchant bank.
Andrew Farkas was among the top 10 listed on the National Real Estate Investor’s picks.
Island Global Yachting (IGY) announces the addition of Palmas del Mar Yacht Club, PR, expanding its Caribbean network of luxury yachting destinations.
“We are excited to welcome Palmas del Mar to the IGY family. Experiencing the staff’s hospitality and warm nature, combined with the marina’s megayacht capabilities, amenities and tranquil surroundings, makes it an ideal IGY marina destination and a great addition to the IGY Caribbean Anchor Pass flexibility,” says Tom Mukamal, President of IGY.
Located in Puerto Rico’s southeastern coast, just 45 minutes from San Juan, The Palmas del Mar Yacht Club is a state-of-the-art megayacht marina in the Caribbean and is linked to a complete resort community. The community stretches out over 2,700 acres and is marked by extensive gardens, lavish homes, two championship golf courses, the largest tennis center in the Caribbean, hotel and Casino, and even a fully bilingual K-12 school. Completing the amenities, the property is also home to 16 restaurants, shops, marketplace, art and design galleries, full service bank, equestrian center, an exclusive Beach and Country Club and a world-class yacht club.
Palmas del Mar Yacht Club berthing capabilities:
•158 slips for yachts up to 175ft/44 megayacht berths
•Maximum length: 175 ft
•Maximum beam: 40 ft
•Maximum draft: 14 ft
•Yacht Club and Marina within a 2,800 acre luxury resort
•Professionally trained staff and dock hands
•Full concierge service
•Internet and business center with Wi-Fi
•Marine supplies store and provisioning service
•Customs and immigration assistance on call
•In-slip fueling and waste pump-out
•Billfishing, watersports charters and adventure tours
•Neighboring full-service boatyard with 100-ton lift
•22 tennis courts, two championship golf courses
•Equestrian Center and Beach Club
•Pusser’s Pub and Restaurant
•Sheraton Four Point Hotel and Casino
To learn more about the Palmas del Mar Yacht Club, please visit www.palmasdelmaryachtclub.com or call 787.656-7300.
About Island Global Yachting
With yachting destinations spanning the Americas, IGY has redefined the luxury marina experience. Founded in 2005, IGY focuses on acquiring, managing, and servicing luxury-yacht marinas and lifestyle destinations. Headquartered in Fort Lauderdale, Florida, IGY also has offices in New York, NY and St. Thomas, USVI. Island Global Yachting marinas operate under the signature Yacht Haven Grande collection and the IGY series brands, as well as several private labels.
IGY’s network of properties is setting new standards for service and quality in nautical tourism throughout the world. The company offers an unprecedented collection of 10 marinas in the Caribbean and the Americas, all catering to a variety of vessel types including sportfishers, cruisers, sailing & motor yachts, as well as being exclusive home ports for some of the world’s largest megayachts. IGY also participates in 9 of the world’s biggest and best sportfishing tournaments, making our marinas in Cabo San Lucas, Mexico, St. Thomas USVI, and Palmas Del Mar, Puerto Rico highly sought-after angler destinations.
All IGY destinations are known for the highest levels of management and service. IGY’s Marina Services Division offers a complete portfolio of management and training solutions for any marina owner’s needs, from operations & service to branding & marketing, insurance, design and engineering, with in-house professionals available to assist clients.
As marina owners themselves, IGY approaches every project from an owner’s perspective in order to maximize revenues, ROI and customer experience. Operating in diverse marketplaces, IGY also has a full understanding of and expertise in managing local relationships and cultural/political logistics. For additional information on Marina Services from IGY, please visit www.igymarinamanagement.com.
IGY is an affiliate of Island Capital Group LLC, a real estate merchant banking firm led and founded by Andrew Farkas, former chairman of Insignia Financial Group. For more information, please visit www.igymarinas.com.
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