A quick rundown of topics that have everyone talking.

  • Perennial favorite Pastis is the latest New York boîte planning to open West Palm Beach. Guessing who may follow is turning into the latest dinner party topic.
  • With Florida’s new stringent safety regulars and rising HOA costs, many are worried about the future of the oceanfront condo market. Will Palm Beach be spared?
  • With Manalapan’s Larry Ellison and Palm Beach’s Gerry Cardinale’s RedBird Capital about to scoop up Paramount, all eyes have returned to the PB business scene.

 

 

SEPTEMBER 4, 2024

  • According to reports, the average price of a palm beach home has soared to over $28.6 million this year, setting a new benchmark for residential real estate.
  • The roster of blue chip firms moving to West Palm Beach continues to grow, with One Flager and 360 Rosemary boasting Goldman Sachs, JP Morgan Chase, Bessemer Trust, Baron Funds, The Johnson Family Foundation, Lancer Capital LLC, Highpost Capital, and Paulson Capital. Wall Street South is certainly living up to its name.
  • Patti LaBell and Bonnie Raitt have announced performances at the Kravis Center this season.
  • The start of the Palm Beach school season is seeing a record number of students, creating concern about overcrowding and limited options.

 

 

AUGUST 28, 2024

  • The Boca Raton couple who ran West Palm Beach’s Wells Real Estate Investment LLC—accused of bilking over 600 families out of $56 million in a modern day Ponzi scheme—seem to have taken a page from the Madoff playbook.
  • An early uptick in residential real estate listings have some speculating there may be more overall activity this year over last.
  • Record air travel in New York and other major markets over the summer have Palm beach officials concerned about the congestion impact of greater than usual crowds this season.
  • In the wake of Vanderbilt University’s expected satellite in west Palm Beach, there is talk of two New York secondary schools looking to open as well.
  • Plans are well underway to celebrate famed photographer Harry Benson’s 95th birthday in Palm Beach this fall. And it all started with the Beatles!
  • Talk of Nobu opening in Palm Beach is adding to a restaurant frenzy that is quickly turning the area into a culinary mecca.

 

 

AUGUST 21, 2024

 

  • Despite a recent turnaround by the Secret Service overturning South County Road’s closure, the potential impact o neighboring home values is still cause for concern.
  • The NOAA’s Climate Prediction Center expects a La Niña effect to lengthen hurricane season by two months.
  • A myriad of rumors abound regarding the future of the Paramount Theater after redevelopment plans were again rejected.
  • The lobby of London’s new Peninsula Hotel often looks like a Friday night at Le Bilboquet, with so many Palm Beachers declaring it their home away from home.