Investor Robert Palley Restructures Miami-area Condominium, Bringing New Life to Dade County Residential Landscape

Chicago, IL – July 12, 2023 – Robert Palley, a principal and founder of Granite Realty Partners , a Chicago-based real estate investment firm,(www.granitepartners.com), is thrilled to announce the successful restructuring of a distressed condominium property outside of Miami, Florida. This transformative project marks a significant milestone in the revitalization of the local area.

The condominium, once plagued by neglect and deferred maintenance, is now poised for a remarkable comeback. With over 120 units in disrepair and critical capital expenditure items exceeding two million dollars, the complex had been facing significant challenges. However, thanks to the unwavering commitment of Palley and his team, this “broken condominium” will soon be restored to its former quality condition, meeting modern standards and exceeding expectations.

The homeowners’ association (HOA) is ecstatic about the restructuring, as it offers a new lease on life for the entire complex. The comprehensive renovation plan will address long-standing issues, providing residents with improved living conditions and enhanced amenities. The revitalized condominium will offer a vibrant, modern community that residents can be proud to call home.

Robert Palley’s visionary approach and strong track record in real estate development played a pivotal role in securing the necessary resources for this project. Through his efforts, Palley successfully borrowed and raised over $15 million from a private lender and private investor. Their trust and confidence in the potential of the condominium contributed to the realization of this ambitious undertaking.

Impressively, the entire transaction was completed in less than six months, showcasing the exceptional organizational skills and efficiency of the development team. The project’s swift execution reflects Robert Palley’s commitment to delivering results promptly while ensuring the highest standards of quality.

“I am delighted to announce the successful restructuring of this condominium community,” said Robert Palley. “This project represents a significant step forward for the local area, and I am honored to have played a part in revitalizing this neighborhood. With the generous support of our lender and investor, we can now bring this complex up to modern standards and create a thriving, desirable living environment for all residents.”

About Robert Palley: Robert Palley is a highly respected developer and Founding Partner at Granite Realty Partners (www.granitepartners.com), a leading real estate development firm which he co-founded in 1998.With a wealth of experience and expertise, Palley has spearheaded numerous successful projects, revitalizing communities and leaving a lasting impact on the built environment.

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The Winningest Seasons in Pittsburgh Steelers Franchise History

The Pittsburgh Steelers are one of the most successful National Football League (NFL) franchises of all time. Following the 2022 NFL season, the Steelers were tied with the New England Patriots for most Super Bowl victories, at six. Pittsburgh has also excelled during the regular season. With 665 wins, the franchise ranks fourth all-time, though the teams ranked ahead of the Steelers have played significantly more games. The Steelers have won 13 or more games four times, plus six additional 12-win seasons.

The Steelers recorded two .500 records and one winning record during the team’s first 12 seasons in the NFL. After a 5-5-1 campaign in 1946, head coach Jock Sutherland led the 1947 team to an 8-4 record, a franchise win record that stood for 15 years.

Entering the 1972 season, Pittsburgh had recorded just five winning seasons. Head coach Chuck Noll’s fourth year with the team proved to be a turning point for the franchise. The team won nine of 10 games to close out an 11-3 season and advanced to the playoffs for just the second time, losing in the American Football Conference (AFC) Championship to the Miami Dolphins, 21-17.

The 1972 season was the first of five consecutive years with double-digit wins, including a 12-2 outing in 1975. The franchise set a new all-time win record in 1978, winning 14 of 16 games played. Pittsburgh opened the season on a seven-game winning streak. The team’s two losses had a combined margin of 10 points, while major victories included a 28-3 drubbing of the Cincinnati Bengals in Week 3 and a 31-7 victory over the Atlanta Falcons in Week 6.

The franchise enjoyed its best regular season and playoff results under coach Noll during this period. From 1972 to 1979 the team went 88-27-1 during the regular season and won back-to-back Super Bowls in 1974 and 1975, and again in 1978 and 1979. Noll continued with the franchise for 12 seasons but only managed another double-digit win season in 1983.

Coach Bill Cowher led Pittsburgh to several strong regular season results, winning at least 10 games five times in six attempts from 1992 through 1997, including a 12-4 1994 season. An 11-win Steelers team reached the Super Bowl the following season but fell to the Dallas Cowboys by a score of 27-17.

The 2001 Pittsburgh Steelers team won 13 games, the franchise’s best regular-season result in over two decades. A strong defense powered the team to an AFC Championship showing.

Coach Cowher’s last few seasons with the team proved to be even more successful. After an underwhelming 6-10 effort in 2003, the 2004 squad began the year with a 24-21 win over the Oakland Raiders, followed by a 30-13 loss to the Baltimore Ravens. It proved the only defeat of the regular season for Pittsburgh, who closed out the year on a 14-game winning streak. A 33-30 win over the New York Giants in Week 15 was the team’s only single-score victory. The 15-1 Steelers scored a 20-17 overtime win over the Jets in the opening round of the playoffs but lost to the Patriots in the conference championship.

Pittsburgh won 11 regular-season games in 2005 and won the Super Bowl. A 12-win Steelers team won another championship in 2008. Four Steelers teams have won at least 12 games since then, including a 13-3 team in 2017.

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Team Europe Holds on for Ryder Cup Victory in Italy

A biennial golf tournament involving the best players from Europe and the United States, the Ryder Cup began in 1927 at the Worcester Country Club in Massachusetts. Since then, it has been held at different venues in the US and Europe and featured a variety of scoring formats. Europe won the most recent Ryder Cup, which took place at the Marco Simone Golf and Country Club in Italy from September 29 to October 1, 2023.

Europe won the competition 16.5-11.5 thanks in large part to the play of Rory McIlroy, who earned four of a possible five points in his matches. The scoring format, which has been in place since 1979, featured three days of competition with two sets of four fourball and foursomes on the first two days and 12 singles matches on the final day.

McIlroy, in his seventh Ryder Cup appearance, beat Sam Burns 3 and 1 in head-to-head competition on Sunday. On Friday, he teamed with Tommy Fleetwood to beat Xander Schauffele and Patrick Cantlay 2 and 1 and with Matt Fitzpatrick to beat Schauffele and Collin Morikawa 5 and 3. He and Fleetwood beat Justin Thomas and Jordan Spieth 2 and 1 Saturday morning, while his lone defeat came with Fitzpatrick against Cantlay and Wyndham Clark Saturday afternoon.

McIlroy could have tied the match with Cantlay and Clark by making his putt on the 18th hole. While he missed the putt, the bigger story was the altercation he had with Cantlay’s caddie, Joe LaCava, whom McIlroy believed broke golf etiquette by celebrating too long and standing too close to his putting line. Video taken later that night showed a furious McIlroy being held back from LaCava, calling the behavior “[expletive] disgraceful.”

Europe swept Friday’s opening session to jump out to a 4-0 lead and the Americans, despite brief periods of hope on Sunday, were never truly in contention. Europe sealed the victory in the singles match between Fleetwood and Rickie Fowler. The American conceded a birdie to Fleetwood on the 16th hole after his drive sailed into the water. Fowler is now 1-8-5 in 14 career Ryder Cup matches outside of the US. Max Homa was one of the few bright spots for the US team, going 3-1-1 in his first Ryder Cup.

Despite the Ryder Cup taking place in Europe, captain Luke Donald, who selected the team’s 12 players, said that “not many people gave us a chance,” owing in large part to its performance two years ago at Whistling Straits in Wisconsin. The Americans won that match 19-9, marking Europe’s most lopsided loss in the Ryder Cup. However, with their win in Italy, Europe has now won seven consecutive Ryder Cups on home soil, dating back to 1993 when the US won at The Belfry in England. Europe has also won 10 of the 14 Ryder Cups since 1995.

Nonetheless, the United States maintains an overall advantage in Ryder Cup victories since the event’s inception. However, in the modern era, which commenced in 1979, Europe has compiled a record of 12 wins, nine losses, and one tie. Before that, the event was contested between the top players in the US and the top players in Great Britain. The Bethpage Black Course in New York will host the 2025 Ryder Cup, while the event will return to Europe at Adare Manor in Ireland in 2027.

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A Journey through Europe’s Art Capitals

Europe has long been considered the cradle of artistic expression, creativity, and cultural heritage. Europe’s capitals are renowned for their iconic museums housing everything from ancient art to Renaissance masterpieces and unique contemporary art. Embarking on a journey through Europe’s art capitals is a delightful adventure for art enthusiasts and history lovers.

The journey begins in Florence, the heart of the Italian Renaissance. The Uffizi Gallery houses an exceptional collection of Renaissance art, including works by Michelangelo, Leonardo da Vinci, and Botticelli, while the Accademia Gallery houses Michelangelo’s “David,” a true marvel of sculptural perfection. The city’s immersive artistic heritage is visible in its squares, bridges, and Renaissance buildings, including the imposing Duomo, designed by Brunelleschi.

Next on this journey is the enchanting City of Light, Paris. The French capital has been an artistic hub for centuries, attracting creatives from all over the world. The famous Louvre Museum houses an astonishing array of art, including the enigmatic smile of Leonardo’s “Mona Lisa.” The Musée d’Orsay showcases an extensive collection of Impressionist and Post-Impressionist masterpieces, including works by Monet, Van Gogh, and Renoir. Finally, Paris boasts stunning architecture and iconic landmarks like the Eiffel Tower and Notre Dame Cathedral.

From France, it’s time to travel to Vienna, a city steeped in artistic elegance and grandeur. The opulent Belvedere Palace houses an impressive collection of Austrian art, including Gustav Klimt’s golden masterpiece, “The Kiss.” Vienna’s artistic legacy extends to music, with the city being the home of composers like Mozart, Beethoven, and Strauss. Finally, the city’s baroque architecture creates a captivating backdrop for any art-focused exploration.

Next, travelers can head to Germany to visit the capital city of Berlin, which has a turbulent history reflected in its art. The East Side Gallery, a remaining segment of the Berlin Wall, serves as a canvas for vibrant murals and political expressions. The city’s Museum Island is home to world-class art collections, including the Pergamon Museum and the Alte Nationalgalerie. Finally, Berlin’s underground art scene and street art contribute to the city’s artistic allure.

The next destination is Amsterdam, a city renowned for its vibrant art scene and rich cultural heritage. The Van Gogh Museum pays homage to the iconic Dutch artist, featuring an extensive collection of his works. The Rijksmuseum showcases Dutch Golden Age paintings, including masterpieces by Rembrandt and Vermeer. In addition, Amsterdam’s charming canals and historic buildings offer a unique setting in which to discover the city’s creative spirit.

This artistic journey continues in London, a melting pot of creativity and culture. Tate Modern is a global icon of contemporary art, showcasing works by prominent artists like Damien Hirst and Tracey Emin. The British Museum is an architectural marvel that houses an extensive collection of art and artifacts from ancient and contemporary civilizations. Wandering around the streets of London, visitors can spot iconic landmarks like Big Ben, Tower Bridge, and the imposing St. Paul’s Cathedral.

Back in the Mediterranean area, Madrid is a treasure trove for art enthusiasts, home to some of the world’s finest art galleries. The Prado Museum houses an exquisite collection of European art, including works by Velázquez, Goya, and Bosch. The Centro de Arte Reina Sofia displays Spain’s contemporary art, with Picasso’s iconic masterpiece “Guernica” taking center stage. Furthermore, travelers can stroll through the delightful Parque de El Retiro and wonder at the city’s majestic squares.

The art-based journey ends back in Italy, because no trip through Europe would be complete without a stop in Rome, which is a living museum of human history with awe-inspiring architecture and ancient wonders. The Vatican Museums house an extensive art collection, including Michelangelo’s breathtaking frescoes in the Sistine Chapel. Galleria Borghese is home to a display of paintings and sculptures, including iconic works by Antonio Canova. Finally, visitors can explore the ruins of the Roman Forum and marvel at the iconic Colosseum, a testament to Roman grandeur.

Europe’s art capitals offer an immersive experience into the diverse and evolving world of art. From classical masterpieces to disruptive, political street art, each city leaves an enduring impression on visitors. Embarking on this artistic journey through Europe allows travelers to witness the evolution of artistic expression and discover the continent’s cultural heritage.

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European Road Trips – The Ultimate Itineraries for Exploring by Car

Embarking on a road trip through Europe is a dream for many travel enthusiasts. The continent’s diverse landscapes, rich history, and charming towns make it an ideal destination for those seeking unforgettable adventures on the open road. From the rugged coastlines of Ireland to the rolling hills of Tuscany, European road trips offer a chance to discover the region’s natural beauty and cultural treasures.

A road trip to the Amalfi Coast offers an awe-inspiring drive along dramatic cliffs overlooking the deep blue waters of the Tyrrhenian Sea. Starting in Sorrento and ending in Salerno, this short but incredibly scenic route takes travelers through charming coastal towns like Positano, Amalfi, and Ravello. The trip offers countless opportunities to indulge in delicious Italian cuisine and explore the region’s rich cultural heritage along the way.

While in the Mediterranean area, it is impossible not to mention the French Riviera, which offers a glamorous and sun-soaked journey through the south of France. Beginning in Nice and ending in Saint-Tropez, this coastal route takes visitors through charming towns like Cannes and Antibes, offering picturesque views of the Mediterranean Sea and the stunning landscapes of the French coastline.

One last option worth mentioning in the Mediterranean, for those looking to soak in the sun and swim in crystalline waters, is the Dalmatian Coast. A road trip along this portion of Croatia’s coastline allows travelers to explore charming towns and historic cities. Beginning in Dubrovnik and ending in Split, this route passes through the picturesque towns of Ston, Omiš, and Makarska, offering a mix of breathtaking coastal views, ancient ruins, and delicious seafood.

Moving north and inland, Switzerland is offers breathtaking mountain landscapes. The Grand Tour of Switzerland is a road trip that takes travelers through some of the most scenic landscapes in the world. This circular route showcases Switzerland’s snow-capped mountains, shimmering lakes, and charming villages. Highlights include the Swiss Alps, the stunning Lake Lucerne, the scenic Bernese Oberland, and the iconic Matterhorn.

Switzerland’s neighbor Germany is also home to stunning views. The Romantic Road is a fairy tale-like journey winding through picturesque Bavarian villages and medieval towns. Beginning in Würzburg and ending in Füssen, this iconic road trip takes travelers on a captivating route filled with charming historical houses, magnificent castles, and lush vineyards. Highlights along the way include the lovely town of Rothenburg ob der Tauber, the enchanting Neuschwanstein Castle, and the impressive landscapes of the Black Forest.

Looking further north, Ireland’s Ring of Kerry is a road trip showcasing the rugged beauty of the Emerald Isle. This circular route takes travelers through the stunning landscapes of County Kerry, passing by lush green fields, majestic mountains, and pristine lakes. Highlights include the Skellig Islands, the Gap of Dunloe, and the charming towns of Killarney and Kenmare.

Next, a road trip through the Scottish Highlands provides an adventure into the untamed wilderness of Scotland. Travelers can choose from various routes passing by ancient castles, mist-covered mountains, and shimmering lochs. Must-see places include Glencoe, Loch Ness, the Isle of Skye, and the picturesque North Coast 500 route, which offers a circular journey through Scotland’s remote and breathtaking landscapes.

Northern Europe rewards visitors with many spectacular road trip options, like Norway’s Atlantic Road, which is a short but unforgettable road trip. The trip takes visitors along a series of bridges and viaducts spanning the rugged coastline, providing stunning views of the Norwegian Sea and nearby islands. Highlights include the fishing village of Bud and the dramatic Møre og Romsdal.

Finally, Iceland’s Golden Circle is a road trip that showcases the country’s otherworldly landscapes. Starting and ending in Reykjavik, this circular route includes the geothermal wonders of Geysir and Strokkur, the powerful Gullfoss waterfall, and the historic Thingvellir National Park, where the North American and Eurasian tectonic plates meet.

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Chicago Real Estate Market Insights in 2023

Chicago’s metro area is the third largest in the United States and has a strong economy, partly due to the job opportunities available and the high number of tourists it attracts yearly. Chicago is one of the most visited cities in the US, which contributes to making it an ideal place for real estate investment.

Despite recent inflation and rising mortgage rates, the real estate market in Chicago continues to evolve and adapt to constantly changing economic conditions, demographic shifts, and technological advancements. The city’s dynamic landscape, diverse neighborhoods, and economic opportunities make it an attractive destination for both homebuyers and investors.

The, the housing market has seen a decline throughout Illinois, including the Chicago metro area, compared to 2022. This is mostly due to the high interest rates prevailing in the market. However, the average housing price has actually seen a slight increase, meaning it is an ideal time for people to sell their houses. The decline in sales is likely due to the limited supply of homes, but, the city continues to be one of the best real estate markets in the United States and is expected to experience steady growth and transformation throughout the rest of the year.

Demand for real estate remains high in the Chicago metro area, providing numerous investment opportunities for those willing to conduct careful research and make decisions based on current market trends. The luxury housing market is thriving, with an increase in sales worth $1 million or more (although experts predict a normalization in the future).

Investing in multifamily properties in Chicago is also advantageous, with stable vacancy rates due to the lack of supply, and an expected increase in construction in the second half of 2023. The market remains competitive due to limited supply.

In terms of single-family homes, the market is experiencing growth, but investors may struggle to find high-quality options. The prices of single-family houses have been decreasing and are expected to lower even further. At the same time, the houses don’t remain on the market long, indicating a high demand for such properties.

Although the student housing market has improved over the last decade (thanks to many institutions drawing students to the city, such as Columbia College Chicago and Roosevelt University), it remains a risky choice for those looking to invest. The COVID-19 pandemic forced many students to return to their homes, and although more students have been returning to campus, the market has not yet reached pre-pandemic levels.

Finally, distressed properties are becoming more popular due to high property taxes and economic challenges offering opportunities for investors to find distressed homeowners before foreclosure. Pilsen, Logan Square, South Shore, Roger’s Park, Englewood, and Avondale are some recommended neighborhoods for investing in distressed properties.

One trend emerging from recent statistics is that Chicago is an ideal market for rental real estate. According to data, over 50 percent of the population rents. And rentals are not just for the working class anymore. The city provides a profitable market for luxury rentals, as proven by the doubling of the number of upper-income household rentals in Cook County.

The recent economic uncertainty and the changes in the employment market are also driving many families to rent single-family homes rather than buy them. Some neighborhoods, like Pilsen and Humboldt Park, are already experiencing a surge in fully renovated single-family homes, attracting renters and investors.

While there is still much uncertainty, the Chicago housing market remains a favorable choice for investors, consistently outperforming markets in other areas of the country. However, it is crucial for buyers and investors to closely monitor market trends, conduct thorough research on neighborhoods and property types, and seek guidance from experienced real estate professionals to navigate the dynamics effectively.

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No One Way to Play – Pickleball Variations and Rules

Pickleball is a type of racquet sport first developed in the 1960s. While there are some similarities to tennis, pickleball is a much more accessible game. People of all ages and activity levels can enjoy the game, and converting unused tennis courts into pickleball courts is simple.

A single tennis court can accommodate up to four pickleball courts. The sport has recently gained popularity, and pickleball courts are popping up in community centers, residential complexes, and public parks.

Like many other games, pickleball has standard rules and multiple variations. Standard or classic pickleball is the traditional version of the game. It can be played as a singles game or in teams of two. Players serve the ball diagonally across the court. Players must remain outside the non-volley zone, within 7 feet of the net, unless the ball lands in that area.

The round continues until the ball goes out of play. This can happen in several ways. For example, a player can hit a ball out of the court lines, allow the ball to bounce more than twice, or hit the ball into the net. Each team gets two turns to serve before transferring the ball to the other side.

The first team to gain a specific number of points wins. Depending on the players ‘ decision, this number may be 11, 15, or 21. A pickleball game can only be won by a two-point difference. So if teams are tied, or one side is only up by one, the game will continue until the two-point lead requirement is fulfilled.

Not all versions of pickleball follow the same rules. The gameplay can vary considerably based on the number and experience level of the players. A less formal version of pickleball, known as quickstart, removes the non-volley zone. This allows players to hit the ball from anywhere on the court, making it an easier experience for beginners. To make the game even more accessible, the net goes down from its usual height of 34 inches.

Dinking is another version for people interested in less complicated gameplay. Rather than avoiding the non-volley zone, players purposefully stand close to the net and try to volley the pickleball as fast as possible.

Some types of pickleball allow for more than four players. Up to three players can play per side at the same time. In a 12-person version of pickleball, each team of six takes turns with a single paddle. After a volley, the paddle passes to the next person, and so on, until the ball is no longer in play.

Pickleball doesn’t always take place on an outdoor court. Some versions of the game take place indoors or on the sand. The equipment varies with each setting, as outdoor balls can withstand windy conditions and harder surfaces.

Beach pickleball doesn’t have the same bounce requirement as versions played on hard courts. Instead, players must engage in rapid-fire volleying. The court dimensions are also shortened due to the increased difficulty of running on sand. Beach pickleball restricts plays within the no-volley zone, but this area is much smaller Players can also serve the ball in any style they want. This contrasts with classic pickleball, which requires underhanded serves.

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