Delray Beach
REAL ESTATE
The Milestone Group Completes Acquisition of 488-Unit Axis Delray Beach Garden-Style Apartment Community in Florida Market
DELRAY BEACH, FL - The Milestone Group announced its acquisition of the Axis Delray Beach Apartments, a 488-unit, garden-style multifamily community located at 1495 Spring Harbor Drive in Delray Beach, FL. The purchase price was not disclosed. "The acquisition of Axis Delray Beach compliments Milestone's current portfolio, and our team...
Buyers sue to recoup Mandarin Oriental deposit on unfinished Boca Raton condo
The prominent Mandarin Oriental hotel and condo in downtown Boca Raton began construction five years ago but still remains mostly two concrete shells, creating an eyesore in the city center. Palm Beach Post. A Highland Beach couple is suing an affiliate of Boca Raton-based Penn Florida Cos. in a bid...
Neighbor adds to Palm Beach real estate portfolio by buying house next door on North End
An entity linked to businessman and Palm Beach real estate investor Steven L. Apple has bought a house on North Ocean Way — next door to his own home — for a recorded $8.2 million. On the far North End near the inlet, the four-bedroom house that just changed hands is at 1554 N. Ocean Way. It’s immediately adjacent to Apple’s larger house at 1575 N. Ocean Blvd., which he has homesteaded as his primary residence in the latest...
Art deco-style building pitched for blighted North End of West Palm Beach under Live Local Act
An art deco-themed apartment complex with 160 units is being proposed for long-vacant land along Broadway in West Palm Beach in what the builder’s representative called a “game changer” for the bedraggled corridor. The project called “Deco Northwood” is the first pitched to the city under the state’s Live Local Act, which was...
West Palm Beach Industrial Property Trades, Triples Value
Avison Young’s Florida Capital Markets Group completed the $10.95 million sale of a small bay warehouse/flex asset spanning three buildings and totaling 52,740 square feet at 3866 Prospect Ave. in West Palm Beach. Closing at $208 per square foot, the total price represents a more than triple value increase...
Kayne Anderson Real Estate Appoints Lee Levy as Senior Managing Director, Head of Real Estate Debt
BOCA RATON, Fla. — Kayne Anderson Real Estate has hired Lee Levy as a senior managing director and head of real estate debt. Based in Boca Raton, Kayne Anderson is an investment firm across multiple property types, including seniors housing. Levy will serve alongside CEO Al Rabil and CIO...
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