What’s up in the real estate market…

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Delray office building sells for $3.1 million

A Delray Beach office building located at 401 W. Linton Blvd. recently sold for $3.1 million.

Brokers William Cunningham and Christopher McInnis of Park View Realty represented the buyer CDS Investments, LLC of the 10,046-square-foot building.

The seller Callisto Realty, LLC was represented by Marcus and Millichap.

The entire third floor is available for lease.


Delray Beach Housing Authority and the Delray Beach Housing Group announce New President/CEO

The Delray Beach Housing Authority (DBHA) Board of Commissioners and the Delray Housing Group Board of Directors recently announced the appointment of Shirley Erazo as its new President/CEO.

Erazo filled the position previously held by Dorothy Ellington, who retired on Oct. 31.

“After a comprehensive search process, the boards found the best individual to ensure that the mission and vision of this organization is fully implemented,” said Jesse Saginor, DBHA Board Chairman. “Shirley has a proven track record of strong leadership. Her leadership, combined with her deep organizational knowledge and institutional tenure, make Shirley uniquely qualified to guide DBHA successfully into the future.”

Erazo brings more than 30 years of experience to her new position as she served as Housing Choice Voucher Coordinator for the West Palm Beach Housing Authority and currently (since 2004) serves as Chief Operations Officer for DBHA. She is a strong advocate for affordable housing and the low income families served by DBHA.

“My focus will be to expand upon the redevelopment that is currently taking place in Delray Beach in order to help create additional and much needed affordable housing,” Erazo said. “I’m honored, and I’m grateful to the boards for the opportunity to lead this exceptional organization of dedicated and talented professionals.”


Delray Beach Real Estate Company joins forces with Deluxe Properties

Noelle McIntyre, broker and owner of Delray Beach Real Estate Company, and Dina Branham, broker and owner of Deluxe Properties, recently announced the union of their two Delray Beach-based real estate firms.

The new merger will be known as the Deluxe Division of Delray Beach Real Estate Company, which will specialize in luxury real estate with a mission of making the home buying and selling process a concierge experience.

“The Deluxe philosophy of a concierge customer service approach, along with a hospitality mentality for real estate, is of the utmost importance to me,” said Branham. “I am thrilled to add to the established industry presence of reputation of Delray Beach Real Estate Company.”

Under Branham’s guidance, the Deluxe Division of Delray Beach Real Estate Company features a team of eight realtors.

“As a native Floridian, I believe my extensive history in the region will only enhance the customer service approach of Deluxe Properties as it joins the Delray Beach Real Estate Company team,” McIntyre said. “Together we will be able to give our clients the most well-rounded, complete and seamless real estate buying or selling experience.”


ALINA Residences Boca Raton Recognized at USA & Americas Property Awards

ALINA Residences in Boca Raton was selected as a winner for residential developments in Florida under International Property Awards Americas division.

The development was recognized at the USA & Americas Property Awards on Oct. 3 at the Fairmont Royal York Hotel in Toronto, Canada.

The upscale condos were built by Boca Raton-based El-Ad National Properties, an Elad Group company.

“It is an honor to receive this world-renowned mark of excellence from such a distinguished organization as the USA & Americas Property Awards,” said Noam Ziv, Executive Director of Development for El-Ad National Properties. “ALINA is a visionary masterpiece, providing residents with a truly elevated lifestyle. We are proud of this development and what it will bring to the Boca Raton market, including private onsite amenities along with convenient access to the best Boca Raton has to offer in terms of entertainment, dining and the arts.”

The USA & Americas Property Awards are the largest, most prestigious and widely recognized programs in the region. The Awards are judged by an independent panel of over 80 industry experts focusing on design, quality, service, innovation and commitment to sustainability. The judging panel is chaired by Lord Caithness, Lord Best, The Earl of Liverpool, and Lord Thurso, members of the House of Lords in the UK Parliament. Entering its 26th year, the Awards cover over 45 different residential and commercial categories, with regional focuses in Arabia, Europe, Africa, Canada, Central and South America, the Caribbean, USA, UK and Asia Pacific.