Real Estate Development and Commercial Property Lease
Raanan Katz began out his job as a basketball member in Israel, however in the 40 years because he retired from his playing days, he has actually specialized in real estate development, managing both business and residential real estate. Real Estate Development
In the early 1980s, after obtaining over 2,000 apartments in the Boston area, he transitioned his focus from domestic to commercial genuine estate and has because expanded his profile to over 40 industrial properties, totaling over 6 million s/f of retail room and about 100,000 s/f of office space. Raanan’s pride in keeping top quality shopping centers is evidenced by his personal “trademark” emblazoned on each structure with the initials “RK” alongside the distinct company basketball logo.
The trademark basketball RK Centers logo design and RK initials have become a beacon for shopping center patrons and prospective renters. When a patron or prospective tenant sees the “RK company logo” on the side of a building or the basketball logo on the pylon sign they anticipate to enter a well maintained and appealing shopping center. According to Raanan Katz, “the RK logo is distinct; our leads understand they are getting a expertly maintained center that will certainly be clean and welcoming. I personally check out the properties on a routine basis to make sure that our centers are leading quality.” Commercial Property Lease
The RK Centers brand has grown and advanced over the past 40 years, but the “RK Way” of shopping center routine maintenance has actually been a steady. Particularly, the “RK Method” suggests that a RK property is going to be updated, well maintained, well landscaped, a safe shopping environment and, most significantly, inviting to patrons.
Raanan Katz’s and RK Centers’ commitment and dedication to the areas in which he has actually developed residential property has not gone undetected. For example, the City of Sunny Isles Beach front, Florida recently acknowledged Raanan Katz’s tireless commitment to its development by relabeling 170th St. as “Raanan Katz Boulevard.” Raanan was additional honored with the devotion of the Phyllis and Raanan Katz Sports Center, located behind RK Town Plaza (18200 Collins Ave.) in Sunny Isles Beach front, where Raanan continues to be a fixture on weekend afternoons taking on all basketball challengers with his still powerful outside shot.
Katz’s awards extend to New England as well. 2 examples of that recognition feature, The Metro South Chamber of Commerce Economic Development Impact Award and the State of Rhode Island, Residence of Representatives a citation acknowledging RK Centers as “being liable for transforming a Middletown Shopping Plaza into an attractive and creatively styled center that boosts the town and promotes positive growth.”
Katz’s one-of-a-kind basketball logo is a legacy of both his very early playing days in Israel for powerhouse Maccabi Tel Aviv and the Israeli National Group, as well as his time playing for the USA All Stars, the sparring team for the world widely known Harlem Globetrotters. Beyond being a real estate developer, Raanan continues to be close to the game in the ownership arena. In 1986, Katz became an original partner of the Miami Heat expansion franchise, where he continues to be a courtside figure at every residence game. Katz was ecstatic to be a front row witness to the 2012 NBA Championship victory led by Lebron James, Dwyane Wade and Chris Bosh.
Besides the Miami Heat, Raanan also acquired a substantial interest in the Israeli basketball team Maccabi Tel Aviv in 2003. Maccabi is commonly known as one of the most effective clubs in Europe and Israel, having reached the Euroleague championship game four times throughout Raanan’s ownership tenure, including Euroleague Cup championship success throughout Raanan’s inaugural years of ownership in 2004 and 2005. Raanan consequently sold his interest in Maccabi Tel Aviv in 2009, but remains heavily involved with Israeli basketball by sponsoring teams based in Jerusalem, Galil, and Holon.