A pioneer of the communications industry recently sold his beachfront estate in Delray Beach for $15.4 million. [more]
Posts Tagged ‘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.
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]
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]
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.
The developer of a Delray Beach affordable housing project filed Chapter 11 last week.
Developer Auburn Trace’s largest creditor is Iberiabank, which filed a foreclosure lawsuit in October with a claim of just over $4 million targeting the 157 affordable housing units at 1000 Auburn Circle North, according to published reports. A private school building that is part of the project was also included in the suit. [more]
Construction on a $26 million mixed-use apartment community in Delray Beach has reportedly begun.
Jacksonville Beach-based LandSouth Construction is the contractor on the project, which will have 146 apartments totaling more than 338,000 square feet, according to published reports.
Officials are exploring ways to balance the impact of Delray Beach’s boisterous nightlife on the city, a critical issue with new development projects on the way.
The Downtown Development Authority recently met with residents, business owners and city officials to discuss concerns such as excessive noise and lack of parking, according to the Sun-Sentinel. The group discussed how to promote the area as a popular attraction while still protecting the quality of life for residents. [more]
The George Buildings, two adjacent corner retail properties, have hit the market asking $21.5 million.
Howard Bregman, an associate in Marcus & Millichap’s Fort Lauderdale office, is exclusively marketing the portfolio on behalf of the seller, a South Florida-based corporation.
It is the first time the property, located on the southeast and southwest corners of Atlantic Avenue and Southeast 4th Street at 326 and 400 East Atlantic Avenue, has been offered for sale in more than 100 years, according to Marcus & Millichap. [more]
GL Homes will sell 53 lots the Tuscany community on Atlantic Avenue west of Delray Beach on Oct. 18, the firm announced.
The Sunrise-based builder sold the first 58 home sites on July 12 in a matter of a few hours, according to the Sun-Sentinel.
“The response has been fantastic,” GL division president Marcie DePlaza said in an e-mail to the newspaper. “We have quite a bit of pent-up demand again so we are expecting a lottery like last time.” [more]