The Real Deal Miami

Posts Tagged ‘delray beach’

  • Delray Beach mayor takes over condo-hotel project

    A judge appointed Mayor Cary Glickstein to oversee completion of the Palm House project
    August 02, 2015 01:00PM
    Palm House in Delray Beach

    Palm House in Delray Beach

    A judge agreed to the appointment of Cary Glickstein, the mayor of Delray Beach, to oversee the completion of the Palm House condo-hotel project, which has been plagued by an internal dispute among the owners.

    Palm Beach County Judge Donald W. Hafele appointed Glickstein as part of an agreement among the Palm House parties to try to resolve their differences out of court.

    The primary issue among the Palm House project owners is an internal dispute over [more]

  • Thor Equities bags building in booming Delray Beach

    10,000 sf building on Atlantic Avenue is across from Atlantic Crossing
    July 17, 2015 04:00PM

    A rendering of 630-638 East Atlantic Avenue in Delray Beach and Joseph Sitt

    Thor Equities paid $4.1 million for a commercial building in Delray Beach on Friday, as the New York-based firm expands its holdings in burgeoning areas of South Florida, The Real Deal has learned. [more]

  • PHOTOS: On the scene at Delray Beach inpatient center groundbreaking

    VITAS acquired the 2-acre site for $1.65 million in August
    June 25, 2015 12:45PM
    party From left: Diana Smith, Gladys Ferrer, Robert Weinroth, Mary Zalaznik and Maureen Knips.

    VITAS Healthcare broke ground on its community life and inpatient center in Delray Beach earlier this month. The hospital inpatient unit marks the first that the company has built. [more]

  • Delray Beach manse sells for $10M

    Deerfield Beach-based Sea to Seaside Development was buyer
    May 04, 2015 12:45PM
    1171 South Ocean Boulevard in Delray Beach

    1171 South Ocean Boulevard in Delray Beach

    A beachfront mansion in Palm Beach sold for $10 million, according to Palm Beach County records. [more]

  • Vacant land in Delray sells for $9M to Colombian investors

    Neighbors include a low-rise condo complex and an office building
    April 22, 2015 09:45AM
    The vacant lot in Delray Beach

    The vacant lot in Delray Beach

    A single-acre lot in Delray Beach was picked up for $9 million — nearly nine times its last sale price — to a group of Colombian investors.

    The development site, at 101 Southeast First Avenue, was sold by members of a Boca Raton-based law firm named Saxena White.

    Maya Saxena and Joseph White, who head the firm, first purchased the property under a company titled SW Delray One for $1.1 million in 2011, according to Palm Beach County records.  [more]

  • Communications industry pioneer sells Delray Beach mansion for $15.4M

    House sold for $2.5 million under listing price
    April 17, 2015 01:00PM
    1111 South Ocean Boulevard

    1111 South Ocean Boulevard (Credit: Edward Butera/IBI Designs Inc.)

    A pioneer of the communications industry recently sold his beachfront estate in Delray Beach for $15.4 million. [more]

  • Downtown Delray retail buildings sell to Menin Development affiliate for $20M

    Two buildings last sold in 1914
    April 02, 2015 01:15PM
    Howard Bregman and the George Buildings in Delray Beach

    Howard Bregman and the George Buildings in Delray Beach

    An affiliate of Palm Beach-based Menin Development picked up two commercial buildings in downtown Delray Beach for $19.5 million.

    The family owned George Buildings, at 326 and 400 East Atlantic Avenue, were last acquired in 1914, Howard Bregman of Marcus & Millichap told The Real Deal.

    Bregman represented the seller, a South Florida-based family company, Abeleina Properties.


  • Delray Beach office building sells for $20.1M

    Building has been sold five times since 1982
    April 02, 2015 09:45AM
    Mark Corlew and Anuj Grover of Grover & Corlew

    Mark Corlew and Anuj Grover of Grover & Corlew

    A Delray Beach office building was just picked up for $20.1 million — roughly $16 million more than it was last sold for just four years ago.

    The building, at 1625 South Congress Avenue, was purchased by property management company Grover & Corlew.

    Mark Corlew, a principal with the company, told The Real Deal that the firm is planning to spend $500,000 to $1 million on renovations for the building. Then, the company is [more]

  • Apartments in Palm Beach County sell for $41M

    New owner plans luxury upgrades
    March 30, 2015 09:45AM
    The Vinings at Delray Beach

    The Vinings at Delray Beach

    An Atlanta-based investment firm purchased a 228-unit apartment complex in Delray Beach for $40.5 million, Palm Beach County records show.

    Located at 510 Lavers Circle, The Vinings at Delray Beach is a 5.6-acre complex that was built in 1996.

    The seller, Vinings at Delray Beach Apartments Investors, sold the development to Ps Vinings Owner — a company tied to the Pollack Shores Real Estate Group [more]

  • Luxury communities, without the golf, on the rise

    742-home Seven Bridges is underway in Delray Beach
    January 19, 2015 02:15PM
    A 4,700-square-foot Seven Bridges home

    A 4,700-square-foot Seven Bridges home

    Back in 2010, Sunrise-based builder GL Homes kept hearing from buyers of all ages that they wanted a country club setting  except without golf, and its fees, ranging from $1,000 to $4,000 a month.

    So GL built The Bridges in Delray Beach, which opened in 2012 —  a 591-home luxury community packed with amenities, minus the golf, and much more affordable monthly dues of $475. [more]