The Difference between Custom and Spec Homes

Louis Paolino, a senior business executive with more than 35 years of experience, serves as the CEO of Paolino Development, a luxury real estate development and investment company based in Miami Beach, Florida. Over the years, Louis Paolino has added numerous types of assets to his company’s portfolio, including high-end speculative (spec) homes.

These homes are not built with a specific client in mind. Rather, builders construct them based on their belief that they can eventually find a buyer for the property. With this in mind, developers usually design spec homes with a broad appeal. This increases the chances that the home will sell for a profit. 

Further, builders have primary control of the floor plan and overall aesthetic of a spec home. Still, buyers get some say in the materials, paint, and tiles used if they purchase the property early in its construction. This gives the house a semi-custom feel. If no one buys it during its development, builders instead sell it as a completed, ready-to-move-in home.

In contrast, custom homes offer people the greatest amount of flexibility when it comes to creating the house of their dreams. These one-of-a-kind residences are constructed on land that the buyer has already purchased, thus ensuring they have total control over the development of the property. Due to this, homebuyers have a say in nearly everything relating to the home, including its layout, building materials, number of rooms, and fixtures.

Since custom homes can be made to a buyer’s exact specifications, they are perfect for very detail-oriented individuals. All floor-plan modifications, exterior-material changes, or alterations in building materials must be approved by them first.

Using Cap Rate to Determine Commercial Property Value

An executive and real estate investor with more than 35 years of experience, Louis Paolino founded Paolino Development in 2008 to serve clients in the commercial and residential sectors. Working with properties in luxurious locations such as Miami and The Hamptons, Louis Paolino is an expert in high-end property development. 

Commercial real estate properties are those owned exclusively for business activity. In general, the value of a commercial property is determined by how much money it earns for the owner. A real estate developer commonly uses a cap rate to create a figure for the value of a commercial property. 

To calculate a cap rate, divide the net operating income of the business occupying the real estate by the asking price. Net operating income is determined by subtracting the annual expenses of property ownership from the rental received. Many professionals consider a cap rate between 4 and 10 percent to be an indication of a good investment.

Some Benefits of Going Public

For over 35 years, Louis Paolino has served as an executive and board member in various public and private companies. In this capacity, Louis Paolino knows the advantages of private companies going public.

There are many advantages of going public besides the injection of fresh capital through an initial public offering. One of them is liquidity. When a company’s shares are traded on the stock exchange, they become more liquid. This means shareholders such as early investors and founders can sell their stock easily, realizing a return on their investment. Alternatively, these shareholders can use their stock, now freely marketable securities, as collateral to acquire financing from lenders. 

The benefits of liquidity go beyond executive shareholders. Management and employees can receive compensation through incentives like stock options, allowing them to own marketable securities. Because the price of shares listed on the stock exchange is determined by the market every day, people who possess stock options are able to calculate their value whenever they wish. The company expands its payment options while employees diversify their wealth portfolios. In addition, employees become more invested in the company and its operations, since their wealth is directly tied to the company’s fortunes.

Properties Sold by Paolino Development

The chief executive officer of Paolino Development in Miami Beach, Florida, since 2008, Louis Paolino has more than 35 years of experience leading public and private companies. Louis Paolino has spent the last decade strategically developing and selling various properties throughout the United States, particularly in and around upstate New York.

The property sold at 104 Halsey Lane, located south of the Montauk Highway, is a 17,578-square-foot estate on 2.6 acres. The luxury home features 14 bedrooms and 17.5 bathrooms, a gourmet kitchen, a library, and a media room, among other living and entertainment spaces. In addition to its more eye-catching features, such as an all-weather tennis court and a heated gunite pool, the property at 104 Halsey is defined by an exquisite attention to detail, such as 100 percent copper plumbing with a three-quarter-foot valve system that allows for maximum water pressure.

Additional features range from a home gym to a wine cellar on the lower level. To learn more about Paolino Development property listings, please visit www.paolinodevelopmentny.com.

A Look at Paolino Development’s 1400 Meadow Lane

For more than three decades, Louis Paolino Jr. has spearheaded aggressive acquisition strategies and spurred corporate growth as the chief executive officer (CEO) and president of multiple companies. Louis Paolino Jr. now serves as the CEO of Paolino Development, where he focuses on luxury real estate development.

Headquartered in Miami Beach, Florida, Paolino Development directs the design, construction, development, and management of ultra-high-end real estate. One such property currently under construction is 1400 Meadow Lane, a residence situated in a prime oceanfront location on Southampton’s Billionaire’s Row.

The estate will feature approximately 11,000 square feet of living space, complete with a state-of-the-art kitchen with wine storage, seven bedrooms, and an infinity edge pool and spa. Moreover, the property offers amenities for entertaining that include an open-concept layout, a three-sided fireplace, a formal dining area, a parking lot for 16 vehicles, and a large oceanside deck. 

For additional information on 1400 Meadow Lane, and to view other Paolino Development properties, visit paolinodevelopmentny.com.

Paolino Development’s Upcoming 1400 Meadow Lane Estate

Real estate developer Louis Paolino has over 35 years’ experience building companies. With an office in Miami Beach, Florida, Louis Paolino is the CEO of Paolini Development. 

Paolino Development is currently developing a prime property on the oceanfront Meadow Lane address on Southampton’s Billionaire’s Row. The estate will sit on 2.6 acres of landscaped land right next to the beach. 

Upon completion, the property will encompass over 11,000 square feet and will rise to two floors. The first floor will have a grand master suite with baths, closets, and an office, plus six more bedroom suites. It will also have a 2,872-square-foot patio styled with Turkish marble overlooking a pool and the vast open sea. 

On the second floor will be a VIP suite, a modern kitchen with complimentary pantry, and a great room with a three-sided fireplace. It will also have a formal dining room and morning room. This floor will be made for entertainment with open living areas and direct access to a mahogany deck. Amenities will include a glass wine storage, theater, tennis court, and spacious garage parking. The property is also close to the Southampton Heliport.

1400 Meadow Brings More Luxury to Billionaire's Row

The CEO of Paolino Development, Louis Paolino has built a strong portfolio of luxury residential and commercial properties in the East Coast market. From Florida to New York, Louis Paolino’s assets include retail space, luxury penthouses, and ocean-front homes.

Paolino Development’s portfolio includes an 11,000-square-foot home on Southampton’s Billionaire Row. The home, which will be perched on about three acres of waterfront property at 1400 Meadow Lane, is currently under construction. It will include two master suites and a VIP suite, plus six additional bedrooms.

The second-floor living space is designed for entertaining. The open concept comprises a great room with ocean views and a three-sided fireplace, a formal dining room, full kitchen with oversized wine storage, and a morning room.

The home will have a south-facing infinity-edge pool and spa, a state-of-the-art theater, a tennis court and 6.5-car garage. Its features also include a nearly 3,000-square-foot marble patio that overlooks the pool with an ocean view.

Top Trends in the Luxury Real Estate Market in 2018

An established business executive, Louis Paolino Jr. has more than three decades of experience in growing public and private companies by using effective acquisition strategies and internal growth initiatives. Today, Louis Paolino Jr. serves as a luxury real estate investor and developer in several eastern US markets.

The luxury real estate market is competitive and expanding. Here is an overview of some of the significant trends that are emerging this year:

- Incorporating aspects of health and wellness into property designs continues in 2018, and the wellness-lifestyle real estate market is expected to grow from $119 to $153 billion by 2020. 

- Research demonstrates that buyers prefer properties surrounded with greenery and water and those that provide direct access to fitness facilities, spas, and amenities such as lobby stroller storage, pet spas, and children’s game rooms. 

- Smart homes that feature Wi-Fi technology, smart speakers, and devices with artificial intelligence are becoming more common.

- Trends in home decor are moving toward purposefully creating an over-decorated look that incorporates a mixture of patterns and designs.

How to Treat Accidental Pepper Spray Exposure

A successful entrepreneur for more than three decades, Louis Paolino, Jr., operates as the president and CEO of Wenonah Investments. Earlier in his career, Louis Paolino, Jr., served as the president and CEO of Mace Security International, Inc., a manufacturer of pepper spray and other security products, growing the asset value of the company to more than $60 million.

Pepper spray is a nonfatal, an inexpensive, and an effective method of self-defense. However, in the event that you or someone else is accidentally exposed to it, take these steps to alleviate the burning and other symptoms. If the skin is affected, apply whole milk to the area by saturating a towel with the milk any laying it over the affected skin. After the burning subsides, remove the pepper spray oils from the skin by washing the area at least eight to 10 times with dish soap and cold water.

If the spray gets in your eyes, flush them well with water and saline solution. Throw away any contact lenses that came into contact with the spray. Continue to flush your eyes until you find relief, and expect the burning to linger at least two hours. Remove pepper spray on clothes by applying facial cold cream to the area and letting it sit for 20 minutes before washing it.

The Importance of Waste Management

Respected business leader Louis Paolino Jr. has held executive positions at companies based in Florida, New Jersey, and Pennsylvania. Throughout much of his career, Louis Paolino Jr. has worked for waste management companies, including Eastern Environmental Services and USA Waste Services.

In the past, people disposed of waste by burning it or burying it, but these methods of waste disposal have become unsustainable. Further, much of the waste currently produced is not biodegradable and can damage the environment. 

For these reasons, waste management has become important for maintaining good environmental and social health. Waste management companies are responsible for disposing of garbage in environmentally friendly ways, which include the recycling of glass, plastic, and paper products. 

Recycling reduces strain on the earth’s natural resources. For example, instead of cutting down more trees to produce grocery bags, old bags and other paper products can be recycled to make new grocery bags.

Common Traits of Effective CEOs

Entrepreneur Louis Paolino Jr. has spent more than three decades growing private and public companies in the security and waste management industries. Over the years, Louis Paolino Jr. has held executive positions in companies such as Girard Point Transfer, Mace Security International, and Soil Remediation, Inc.

Not everyone is cut out to be the leader of a company. Here are several traits that effective CEOs share:

- Strong communication skills. Good communication is a key part of any CEO position. Without strong communication skills, CEOs would struggle with motivating their teams and sharing ideas.

- Willingness to take risks. A certain level of risk exists in starting a company or making major changes in an existing company. For this reason, effective CEOs must be willing to take risks to advance the business.

- Macro management capability. CEOs are not likely to interact with every employee under them. Instead, CEOs must lead a team of managers who are responsible for handling individual employees.

- Ability to think creatively. Sometimes the solutions to problems are straightforward, but most problems require some creative problem-solving. CEOs must be capable of thinking creatively to help their companies and customers.

What Is a Secondary Public Offering?

Louis Paolino Jr., a successful public and private company chief executive, serves as the owner, CEO, and president of Wenonah Investments. Prior to his current work, Louis Paolino Jr. served as the chairman of the board and CEO of Eastern Environmental Services, where he successfully raised over $330 million in cash through two secondary public offerings. 

Also known as a secondary distribution, a secondary public offering occurs when a major shareholder sells a large amount of stock in a firm, or when a company issues new stock. Often, secondary public offerings are undertaken to raise funds for growth, to refinance debts, or to restructure the ownership of a firm. The day that a secondary offering takes place is known as impact day, and the process is assisted by an underwriter and investment banks.

Secondary offerings can only be completed by companies that have already made an initial public offering (IPO). An important distinction between an IPO and a secondary offering is that while an IPO always raises capital for the issuing firm, a secondary offering transfers ownership or spreads the company’s ownership over a greater number of shares.

Waste Reduction and Landfill Solutions

Louis Paolino Jr. has held several leadership roles throughout his career, including as owner and president of Soil Remediation Inc., in Philadelphia, Pennsylvania, and as CEO, board chairman, and president of Eastern Environmental Services in Mount Laurel, New Jersey. In these roles, Louis Paolino Jr. grew both companies and sold them successfully to other waste management and environmental services industry players.

Waste management is an important industry in our times because the waste we produce and how we dispose of it can have a major impact on our environment. According to the Environmental Protection Agency, each person in the U.S. produces 4.4 pounds of waste every day, and only composts or recycles 1.51 pounds of that. A lot of that waste ends up in landfills, where toxic plastics and other substances interact to create noxious gases. Further, some evidence shows an increase in birth defects in neighborhoods close to landfills.

Reducing waste by reusing products and switching to healthier materials may help address America’s toxic waste issue. Products such as construction materials can also be diverted from landfills and reused in other ways. The toxicity of landfills might also be improved with better rules and regulations around categorizing the substances that are thrown away. There are some effective new technologies for getting rid of waste but many of them have negative consequences such as polluting toxic ash from landfill incineration. Investing in improving these technologies may be a vital move for protecting the environment in a high-waste era.

Why Conduct Soil Remediation?

Relying on strategic initiatives not only to develop institutional capacity, but also to expose new growth opportunities, Louis Paolino, Jr., has led multiple corporations to greater productivity and success. Over the course of his more than 30 years in business, the Drexel University civil engineering program alumnus has helped increase revenue at companies such as Grand Point Transfer in Philadelphia, Eastern Environmental Services in New Jersey, and other soil remediation and waste handling companies. Today, Louis Paolino, Jr., serves as the CEO and president of Wenonah Investments, which he owns.

Soil remediation involves the purification of soils to mitigate or remove the presence of toxic contaminants. This process is often undertaken in conjunction with other efforts at environmental remediation, such as the cleansing of air and water.

Most often, soil remediation seeks to fix the damage done by human-manufactured harmful substances that have been discharged into the environment as byproducts of industry. These contaminants can include heavy metals such as lead, as well as pesticides, fuel, petroleum hydrocarbons, mining byproducts, and other materials. Governments in many Western nations today regularly look to environmental remediation to make habitats safer and more economically productive for humans and wildlife.

EPA Defined Pathways to Environmental Remediation

With a broad entrepreneurial background spanning New Jersey and Pennsylvania, Louis Paolino Jr. has led companies such as Mace Security International. As CEO and president of Eastern Environmental Services in the late 1990s, Louis Paolino Jr. guided one of the country’s leading waste- services companies. 

Environmental remediation is a broad field that includes hazardous and non-hazardous solid-waste management. As defined by the US Environmental Protection Agency (EPA), this includes recycling and composting, which help reduce landfill needs and conserve resources. 

Another area of focus is energy conservation, with non-recyclable materials undergoing processes such as gasification, combustion, and landfill gas recovery and anaerobic digestion. End products are often heat and electricity, with these pathways to energy generation helping decrease carbon emissions as well as landfill methane emission. 

Treatment and disposal is often the best option in cases where toxicity is present or the volume of waste material is high. Physical strategies include shredding and the use of processes such as incineration. Well-monitored US landfills are engineered to strictly comply with applicable environment laws and regulations.

Three Distinct Approaches to Soil Remediation

With extensive experience leading public and private companies, Louis Paolino Jr. has helmed those in areas ranging from waste services to soil remediation. In the latter sphere, Louis Paolino Jr. guided a Philadelphia firm that in the early 1990s secured one of the nation’s initial permits for the burning of contaminated soil as a way of cleaning and remediating it. 

Today, there are several techniques of soil remediation, or soil washing, in play as a way of removing pesticides, heavy metals, creosote, and hydrocarbons from the ground. The bioremediation pathway makes use of anaerobic and aerobic bacteria species in breaking down pollutants such as petroleum and other fossil fuels. Unfortunately, the application is typically limited to areas in which a temperate climate is present and moisture provided by at least sporadic rain. With colder climates, soil must be covered and/or insulated, with the clean-up duration lengthening. 

Another approach is thermal soil remediation, which involves the heating up of contaminated material to a temperature range of 650-900 degrees Fahrenheit. When water and hydrocarbon impurities have evaporated, the material is discharged to a unit which utilizes water for dust control and cooling purposes.

A third approach, air sparging, involves the injection of air at large volumes into a specific soil stratum, which in turn pushes organic vapors in a targeted direction for carbon filtering.