Raanan Katz began out his job as a basketball user in Israel, however in the 40 years because he retired from his playing days, he has actually specialised in real estate development, handling both industrial and household genuine estate. Real Estate Development
In the very early 1980s, after acquiring over 2,000 apartments in the Boston area, he transitioned his focus from household to commercial real estate and has actually since expanded his profile to over 40 industrial properties, totaling over 6 million s/f of retail space and about 100,000 s/f of workplace room. Raanan’s pride in preserving top high quality shopping centers is evidenced by his personal “signature” emblazoned on each building with the initials “RK” alongside the specific business basketball logo design.
The signature basketball RK Centers company logo and RK initials have become a beacon for shopping center patrons and prospective occupants. When a patron or potential renter sees the “RK logo design” on the side of a building or the basketball logo design on the pylon sign they expect to enter a well kept and attractive shopping center. According to Raanan Katz, “the RK logo is unique; our prospects know they are getting a professionally maintained center that will certainly be clean and inviting. I personally check out the residential properties on a routine basis to ensure that our centers are top quality.” Commercial Property Lease
The RK Centers brand has grown and developed over the past 40 years, however the “RK Means” of shopping center routine maintenance has been a continual. Specifically, the “RK Way” means 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’ devotion and dedication to the communities in which he has developed residential property has not gone undetected. For instance, the City of Sunny Isles Beach front, Florida just recently recognized Raanan Katz’s tireless commitment to its development by renaming 170th St. as “Raanan Katz Boulevard.” Raanan was further honored with the commitment of the Phyllis and Raanan Katz Sports Center, located behind RK Community Plaza (18200 Collins Ave.) in Sunny Isles Coastline, where Raanan stays a fixture on weekend afternoons taking on all basketball challengers with his still powerful outside chance.
Katz’s awards extend to New England as well. 2 examples of that recognition feature, The Metro South Chamber of Commerce Economic Development Influence Award and the State of Rhode Island, Residence of Representatives a citation acknowledging RK Centers as “being responsible for changing a Middletown Shopping Plaza into an enticing and delightfully styled center that boosts the town and encourages positive growth.”
Katz’s distinct basketball logo is a legacy of both his early playing days in Israel for powerhouse Maccabi Tel Aviv and the Israeli National Team, as well as his time playing for the USA All Stars, the sparring group for the world famous Harlem Globetrotters. Beyond being a genuine estate developer, Raanan remains close to the game in the ownership arena. In 1986, Katz became an initial partner of the Miami Heat development franchise, where he continues to be a courtside figure at every residence game. Katz was thrilled to be a front row witness to the 2012 NBA Championship success led by Lebron James, Dwyane Wade and Chris Bosh.
Besides the Miami Heat, Raanan also bought a considerable interest in the Israeli basketball team Maccabi Tel Aviv in 2003. Maccabi is commonly understood as one of the most successful clubs in Europe and Israel, having reached the Euroleague championship game 4 times during Raanan’s ownership period, consisting of Euroleague Cup championship triumphes during Raanan’s inaugural years of ownership in 2004 and 2005. Raanan ultimately offered his interest in Maccabi Tel Aviv in 2009, however remains greatly involved with Israeli basketball by sponsoring teams based in Jerusalem, Galil, and Holon.