The Real Deal Miami

Posts Tagged ‘delray beach’

  • Morton Group to start building Delray condo

    Boca-based Morton is developing a 48-unit condominium called The Metropolitan.
    January 07, 2017 10:30AM

    Rendering of The Metropolitan in Delray Beach

    Boca Raton-based Morton Group Inc. is set to start construction of a 48-unit condominium in Delray Beach called The Metropolitan.

    Prices for the two- and three-bedroom condos will start in the $600,000s and will range in size up to 1,600 square feet. [more]

  • SBA Communications founder sells Delray home to billionaire’s daughter for $7M

    Bernsteins split property and sold the tennis court lot next door for $3M in November
    January 05, 2017 12:50PM

    1020 Seasage Drive and listing agent Pascal Liguori

    The founder and chairman of SBA Communications Steven E. Bernstein and his wife Janessa Russo Bernstein sold their Delray Beach home to the daughter of Cablevision founder Alan Gerry for $7.175 million. [more]

  • Buddha Sky Bar building in Delray hits the market for $25M

    Asking price for corner property breaks down to about $2,130 per square foot
    January 04, 2017 11:15AM

    Buddha Sky Bar at 217 East Atlantic Boulevard. Inset: Listing broker Marc Strauss

    The owners of the Buddha Sky Bar building on Delray Beach’s Atlantic Avenue are looking to cash in on the area’s hot commercial market by putting the property up for sale.  [more]

  • Douglas Elliman buys Delray Beach brokerage firm

    Tauriello & Co. Real Estate's founder Sue Tauriello and 60 agents will join Elliman
    November 10, 2016 06:00PM

    Tauriello & Co. Real Estate’s office, and from left, Jay Parker, Ingrid Carlos and Sue Tauriello

    Douglas Elliman just purchased a Delray Beach brokerage firm, bringing its roster of offices to 19 statewide as it expands along Florida’s coast, The Real Deal has learned. [more]

  • Delray may limit tattoo parlor locations, operations

    City officials cite tattoo parlors' links to crime in a report by the FBI in 2015
    November 06, 2016 01:00PM
    Delray Beach may limit tattoo shop locations

    No Delray Beach ordinances now address tattoo shops. (Credit:

    The Delray Beach City Commission approved a draft of an ordinance limiting the location and operation of tattoo parlors in the city.

    City commissioners, who unanimously approved the ordinance on November 1, claim it is needed because tattoo parlors can encourage criminal activity.

    City officials have cited as evidence an FBI report in 2015 on gang activity, which found that motorcycle gangs own some [more]

  • Urban Street scores $12M refinancing for “restaurant row” portfolio in Delray

    Investment group sank $3M into renovating properties after buying them in 2008
    October 18, 2016 04:10PM
    The Atlantic Avenue portfolio

    The Atlantic Avenue portfolio

    Alan Hooper and Tim Petrillo’s Urban Street Development just scored $12 million in refinancing for its portfolio of commercial buildings in Delray Beach, allowing the company to pay off its existing debt. [more]

  • Retail center sells for more than 4 times 1999 price

    The Lincoln Park shopping center near Delray Beach was fully occupied when the sale closed
    October 16, 2016 02:00PM
    Lincoln Park shopping center at 5859 West Atlantic Avenue west of Delray Beach

    The Lincoln Park shopping center west of Delray Beach at 5859 West Atlantic Avenue

    A shopping center on West Atlantic Avenue near Delray Beach sold for $316 per square foot, more than four times its 1999 sale price.

    The buyer paid $12 .9 million for the 40,747-square-foot Lincoln Park shopping center at 5859 West Atlantic Avenue.

    Built in 1985, Lincoln Park last sold in 1999 for $2.9 million, or $71 per square foot.   [more]

  • 13th Floor’s Delray redevelopment gets mixed response

    Some residents want aging golf course to be preserved as public space
    September 15, 2016 12:10PM
    Aerial of the of the Villages of Oriole golf course and 13th Floor Homes Division President Mike Nunziata

    Aerial of the of the Villages of Oriole golf course and 13th Floor Homes Division President Mike Nunziata

    13th Floor Homes got a mixed-bag of reactions during its development presentation to Delray Beach’s Villages of Oriole, whose golf course the company is eyeing for a new housing project. [more]

  • Related Group sells luxury apartments in Delray Beach: $62.4M

    Mesirow Financial paid about $363,000 per apartment
    July 22, 2016 12:50PM
    SofA Delray Beach

    SofA Delray Beach

    The Related Group just sold a newly completed apartment project in Delray Beach for $62.4 million to a Chicago-based Mesirow Financial fund. [more]

  • Doug Crocker sells waterfront Delray Beach mansion for $6M

    Crocker is chairman and CIO of Chicago-based Pearlmark Real Estate Partners
    July 19, 2016 08:45AM
    delray The home at 963 Evergreen Drive in Delray Beach

    Pearlmark Real Estate Partners executive Douglas Crocker II sold his waterfront Delray Beach estate for $6 million, slightly less than the property’s list price. Check out more photos of the property here. … [more]