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Palm Beach County Food Bank – Gets Boost for New Facility

February 9, 2021 by luxadmin

Food Bank Receives $500,000 donation for new facility

Blackstone co-founder Stephen Schwarzman has spent much of his time since the pandemic took hold working out of his Palm Beach home rather than the hedge fund’s Manhattan headquarters. While the sunnier setting is more copacetic for him, his presence has proved fortuitous for his struggling neighbors across the Intracoastal Waterway, where the Palm Beach County Food Bank just received a $500,000 gift to complete a major expansion.

The donation capped the nonprofit’s $3 million “Grow with Us” capital campaign, enabling it to move from Lantana to a new warehouse and distribution facility in Lake Worth next month, doubling its capacity to distribute food through other nonprofits.

“Last year we were offered resources for distribution which we couldn’t accept because we were limited by our existing infrastructure. This new warehouse space ensures we will be able to feed many more of our hungry neighbors,” said Jim Greco, interim CEO of the Food Bank.

The 28,000-square-foot facility at 701 Boutwell Road has 30-foot-high ceilings, allowing more room to stack pallets for more efficient storage and distribution.

Schwarzman said he and his wife, Christine, were honored to support the Food Bank. “The COVID crisis has put a greater spotlight on the issue of food insecurity across the country and I’m pleased that this gift will help Jim and his team double their capacity to support local families in need,” he said.

Forbes lists Schwarzman’s personal fortune at $22.6 billion, including a South Ocean Drive home assessed at $33.6 million. Palm Beach business recruiters have had their eye on him and other financial services leaders with Palm Beach winter homes for years, hoping to lure them to open corporate offices in downtown West Palm Beach.

They’re seeing some progress but despite the harshness of Northeastern weather and state income taxes and the allure of waterfront or fairway-side mansions here, it has proven more a challenge than some might have hoped. A spokesman for Schwarzman said Saturday that Blackstone just leased a small office in South Florida – but in Miami, where it hopes to recruit tech talent.

 

The nonprofits Palm Beach County Food Bank assists include:

Food Recovery & Distribution, which provides more than 100 agencies with more than 5 million pounds of food that is distributed to close to 100,000 needy residents.
Lois’s Food4Kids, which provides 2,500 children with weekly backpacks of healthy food during the summer months (the equivalent of 145,000 meals).
The Marjorie S. Fisher Nutrition Driven, an educational mobile food pantry partnership with the University of Florida, which graduates 700 residents a year.
Benefits Outreach, which helps more than 2,100 eligible residents secure federal food assistance benefits valued at close to $3 million annually.

About Stephen Schwarzman:
Schwarzman is chairman, CEO and co-founder of Blackstone, an alternative investment management company with $619 billion of assets under management as of Dec. 31. He’s a member of The Council on Foreign Relations, The Business Council, The Business Roundtable and The International Business Council of the World Economic Forum.

His philanthropy leans toward education, culture and the arts. He donated $191 million to the University of Oxford to create a Centre for the Humanities in 2019; $350 million to the Massachusetts Institute of Technology in 2018 for a computing center; and $150 million to his alma mater, Yale University, in 2015, for a student life hub.

Sourced from:

https://www.palmbeachpost.com/story/news/local/westpb/2021/02/09/palm-beachs-schwarzmans-bolster-food-bank-countys-struggling/4438815001/

https://www.pbcfoodbank.org/

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Filed Under: Business News, Featured, News, Palm Beach County, Palm Beach County Food Bank Tagged With: BEN YOMTOB, FLORIDA LUXURY OFFICE SPACE, PALM BEACH COUNTY, PALM BEACH COUNTY FOOD BANK, YOMTOB INVESTMENTS

The Honda Classic March 15- 21st – Delray Beach News

January 18, 2021 by luxadmin

The 2021 Honda Classic PGA Golf Tournament Delray Beach

Here is some exciting news for golf enthusiasts;  with Covid protocols in place that include the mandatory use of facial coverings, social distancing and other health and safety measures the 2021 Honda Classic plans to welcome golf spectators. Organizers say for the health and well-being for all involved in the tournament and the local community, that daily attendance will be limited.
While the Honda Classic was named the Most Fan-First event of 2019 by the PGA TOUR, attendance records will not be broken in 2021. Tournament officials say they are building a unique and first-class fan experience, provided in a safe and responsible manner while continuing to make a significant charitable impact throughout South Florida.

There will be a re-imagined Bear Trap on the 17th hole with social distancing guidelines. The 18th hole footprint will be different too, but there will be fans waiting there on Sunday when the new Honda champion is crowned.

“We are being conservative in our planning as we continue to navigate the pandemic,” Honda Classic Executive Director Kenneth R. Kennerly said. “We want to do everything possible to make sure that The Honda Classic will be a great experience and continue to make a significant charitable impact on the thousands of children in our community whose lives we are able to enhance every year.”

The Bear Trap, which usually winds around the 16th green and 17th hole tee box area, is being transformed into three sections with limited seating in socially-distanced blocks of two and four seats.

Advance reservations for The Bear Trap and other shared and private hospitality areas are now being taken through email at sales@thehondaclassic.com or by phone at 561-799-4638. General admission ticket sales will begin at a later date.

The traditional Pro-Am events, essential for the golf tournament’s charitable endeavors, will be contested during the week, with amateur participants being tested prior to those competitions. In other words, the show will go on, with tournament officials building a number of contingency plans. Final details on all areas will be announced in the near future.

“With so much uncertainty across all categories of the business, we have really focused on prioritizing flexibility with our site planning,” Tournament Director Andrew George said. “We’ve worked collaboratively with our vendors to delay the start of construction.”

Adding, “We are frequently updating our health & safety protocols as we receive new guidance or best practices. And our hospitality venues will be strategically altered to provide a first-class entertainment option while facilitating social distancing.”

Protocols will be put in place that include the mandatory use of facial coverings, social distancing and other health and safety measures. All permanent and temporary structures will have complete daily sanitation along with all golf carts and vehicles used in tournament operations.

Organizers say all interactions from start to finish including ticketing, admissions, merchandise, and concessions will be contactless and safety measures regarding food preparation and distribution will be in place.

In late June, the PGA put into place stringent pre-tournament COVID-19 testing. Players and caddies are required to return a negative “in-market test” before being allowed into facilities at all, and that’s after being tested before traveling to the tournament.

The Honda Classic Giving Back to South Florida

The Honda Classic awarded a record-shattering $5.35 million to 103 South Florida philanthropic organizations in 2020, the14th consecutive year that the PGA TOUR event has been able to increase its impact on the lives of local children and their families. Honda Classic Cares is also considering additional ways to raise money this year to minimize the impact of a possible reduced charity distribution because of limited crowds and hospitality venues.

The Honda Classic has now surpassed $50 million in charitable contributions as American Honda approaches its 40th year as title sponsor of the PGA TOUR event, including almost $35 million in the 14 years since Children’s Healthcare Charity, Inc. became the host organization and moved the event to PGA National Resort and Spa. The $5.35 million is impacting more than 91,000 children and their families this year in Palm Beach County.

For Luxurious Office Space in Palm Beach County; contact Ben Yomtob Properties

Yomtob Properties
5300 West Atlantic Avenue
Delray Beach, FL 33496

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Phone: 561-542-8222

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Sourced From:

https://thehondaclassic.com/

https://delraybeachtimes.news/sports/the-2021-honda-classic-pga-golf-tournament-moves-forward-with-plans-for-march-15-21st/

Filed Under: Ben Yomtob, Delray Beach, Featured, News, Palm Beach County, The Honda Classic Tagged With: BEN YOMTOB, DELRAY BEACH, FLORIDA LUXURY OFFICE SPACE, PALM BEACH COUNTY, SOUTH FLORIDA, THE HONDA CLASSIC, YOMTOB INVESTMENTS

Celis Brothers & Civil Society Brewing -Team up for Smoothie Inspired Beer

October 19, 2020 by luxadmin

Celis Brothers & Civil Society Brewing -Team up for Smoothie Inspired Beer

Thanks to a collaboration with an area brewery, a proprietary beverage at Celis Produce in Royal Poinciana Plaza has been the inspiration for the production of a limited-run specialty beer.

Civil Society Brewing, a craft microbrewery with taproom locations in West Palm Beach and Jupiter, recently collaborated with Celis to create a beer based on the flavors in a smoothie beverage on Celis’ menu.

The El Tropical smoothie — one of numerous items on Celis’ menu of acai bowls, salads, sandwiches and more — features coconut water, mango, pineapple, banana and orange.

Civil Society’s co-owner Karl Volstad is a fan.  “Every time I’m down at our West Palm location (at 425 Kanuga Drive), I like to stop by Celis for a smoothie — usually the El Tropical, my favorite. At the same time, the Celis brothers would come by our brewery sometimes. After a while, we got to be friends and thought, `Hey, let’s collaborate.’”

Civil Society (civilisocietybrewing.com) released its limited-run El Tropical beer in late September, and it has featured the specialty beer on draft and in cans that sell in packs of four.

The El Tropical beer cans depict an image of the storefront of Celis’ original location on South Dixie Highway in West Palm Beach. Celis Produce (celis-produce.com) in Royal Poinciana Plaza is at 340 Royal Poinciana Way.    Alex Celis, who co-owns Celis Produce with his brothers Felipe and Camilo, said, “We’re huge fans of the El Tropical beer. It’s really light and refreshing.”

Volstad said there “unfortunately” are only a few cases left of the El Tropical canned beer (in four-pack) at Civil Society’s Jupiter location, 1200 Town Center Drive, “but we’ll definitely collaborate again with Celis Produce — and probably based on another smoothie they feature.”

For Luxurious Office Space in Palm Beach County; contact Ben Yomtob Properties

Yomtob Properties
5300 West Atlantic Avenue
Delray Beach, FL 33496

Email: ben@yomtobinvestments.com
Phone: 561-542-8222

Ben Yomtob Personal Branding site:

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Sourced:

https://www.palmbeachdailynews.com/story/news/2020/10/25/beverage-celis-produce-royal-poinciana-plaza-has-been-inspiration-production-limited-run-specialty-b/6022342002/

Filed Under: Ben Yomtob, Business News, Featured, News, Palm Beach County

Winn-Dixie to Boynton Beach

September 20, 2020 by luxadmin

Winn-Dixie is set to open in Boynton Beach in November.

The store at 8855 W. Boynton Beach Blvd. is slated to open Nov. 11 at the site of a former Earth Fare grocery store, which closed earlier this year.

Earth Fare announced in February that it would liquidate all of its locations, including two in Palm Beach County, as the specialty grocer did not have enough money to continue operations.

Winn-Dixie will become the anchor at the Cobblestone Commons retail strip in Boynton Beach.

Jacksonville-based Southeastern Grocers Inc. – parent company of Winn-Dixie, Fresco y Más and Harveys Supermarket – announced that four Winn-Dixie locations will open across Florida in November, but the Boynton Beach opening is the only one slated for South Florida.

Winn-Dixie supermarkets are also slated to open at former Earth Fare locations in Jacksonville and Lakewood Ranch, as well as one former Lucky’s Market in Gainesville.

The Boynton Beach Winn-Dixie will provide just under 100 jobs, according to a statement from Southeastern Grocers.

Parent company Southeastern Grocers emerged from Chapter 11 bankruptcy proceedings two years ago. The company recently submitted a draft registration statement with the Securities and Exchange Commission (SEC) to potentially make an initial public offering (IPO).

For Luxurious Office Space in Palm Beach County; contact Ben Yomtob Properties

Yomtob Properties
5300 West Atlantic Avenue
Delray Beach, FL 33496

Email: ben@yomtobinvestments.com
Phone: 561-542-8222

Ben Yomtob Personal Branding site:

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Sourced From:

https://www.bizjournals.com/southflorida/news/2020/10/13/boynton-beach-earth-fare-becomes-winn-dixie.html

Filed Under: Ben Yomtob, Boynton Beach, Business News, Featured, News, Winn-Dixie Tagged With: BOYNTON BEACH, WINN DIXIE

Google Investment In ADT – HQ in Boca Raton

August 29, 2020 by luxadmin

Google investment in ADT raises profile, competitive edge

Google’s $450 million investment in ADT Inc., raises the public and investment profile of the electronic security and alarm monitoring provider headquartered in Boca Raton another notch.  But the partnership also gives ADT the opportunity to sell and install Google’s Internet-connected devices such as Nest cameras and Nest Hub Max, all powered by Google Assistant, in millions of customers’ homes.  With a presence in Boca Raton since the 1990s, ADT is four times larger than its nearest residential competitor, and says it is the industry’s largest provider. It has more than 6.6 million customers, and 20,000 employees in 200 locations across the country, CEO and president Jim DeVries said Monday in a call with financial analysts.  Mountain Valley, Calif.-based search engine giant Google will become a 6.6% owner of ADT. The deal awaits SEC approval and is expected to close by the end of September. In addition, when certain milestones are reached, the companies will contribute $150 million each for marketing and product development.

“We are exceptionally excited about the partnership and our shared future,” DeVries said. “We think the deal has come at exactly the right time. The partnership has come at exactly the right time. Customers are focused on safety and home automation. ADT is the trusted partner in the home. Along with Google we are going to transform this customer experience.”

ADT expects to benefit from Google’s expertise in artificial intelligence and data analytics.  The investment will also boost the county’s profile across Corporate America, said Kelly Smallridge, president and CEO, Business Development Board of Palm Beach County Inc.

“We were thrilled to learn of Google’s investment in ADT,” Smallridge said. “This type of news involving one of the most recognizable companies in the world certainly elevates the prominence of ADT, which proudly calls Boca Raton their headquarters.”

ADT has 500 employees in Boca and another in West Palm Beach, making the company one of county’s major private employers. About half of the approximately 70 national corporate headquarters in Palm Beach County are in the City of Boca Raton.

Boca Mayor Scott Singer said added that “Boca’s strong corporate presence and growing number of high-paying technology jobs should increase further with the expanded participation of an innovation leader like Google.”

In 2012, Boca Raton became ADT’s headquarters and ADT became a publicly traded company following a spin-off from Tyco International, now known as Johnson Controls, Tucker said. ADT is celebrating its 146th year in business. Founded in Baltimore in 1875, it started as a telegraph delivery business, American District Telegraph.  ADT’s DeVries said both companies will be better positioned to attract new customers with the launch of ADT + Google Nest this year. He expects that both ADT’s professionally installed systems and do-it-yourself systems will experience growth.  “We have been historically product agnostic. Now we will be working more in alignment with Google on their hardware. The intent is to go to market together,” DeVries said.

Rishi Chandra, Nest vice president and general manager, said, said he believed Nest’s devices, powered by Google’s machine learning capabilities, will enhance ADT’s security monitoring and become the cornerstone of ADT’s smart home offering.  “The goal is to give customers fewer false alarms more ways to receive alarm events, and better detection of potential incidents inside and around the home,” he said.

Timothy Ralph, managing partner and portfolio manager, Biltmore Capital, Boca Raton, said, ADT benefits by gaining a huge brand name.  “ADT has come under a lot of pressure with do-it-yourself systems such as Ring.com and Simply Safe, with easier setups,” Ralph said.

“The big underlying story is that Google will be able to integrate ADT into their Nest products and gain access to their call centers,” Ralph said. “Among other things, the Nest is most famous for controlling the temperature in your home.”  Ralph foresees ADT offering bundled services, and that due to synergies, consumers could pay less than they would have previously for the same services.  “It’s a good outcome for consumers. You will get a little more bang for your buck with the technology,” Ralph said the alliance with ADT is a way for Google to broaden its business model and become part of an automated home network. The increase in monitoring will not appeal to everyone.  “Now Google will not only be monitoring me online but will be monitoring my home,” Ralph said. “Every time I open my door, they will know about it.”

“It’s an interesting dynamic. Google has a number of different products, such as the thermostat and security cameras, Ralph said. “Safety and security may be one of the more prominent issues they will have to face. They will have a lot of information. Google employees could look at it if they wanted to.  “There could be some feedback from regulators on privacy concerns. I don’t think that will prevent the deal from going through,” Ralph said.

For Luxurious Office Space in Palm Beach County; contact Ben Yomtob Properties

Yomtob Properties
5300 West Atlantic Avenue
Delray Beach, FL 33496

Email: ben@yomtobinvestments.com
Phone: 561-542-8222

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For Complete Article Jump to

https://www.palmbeachpost.com/story/business/2020/08/05/google-investment-in-adt-raises-profile-competitive-edge-mdash-plus-data-worries/112812906/

Filed Under: ADT-Google, Ben Yomtob, Boca Raton, Featured, News, Palm Beach County Tagged With: ADT, BEN YOMTOB, BOCA RATON, GOOGLE, NEST

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