Menin Development buys downtown Delray Beach retail properties – South Florida Business Journal
An affiliate of Menin Development acquired the George Buildings, a retail strip in bustling downtown Delray Beach, for $19.5 million.
Marcus & Millichap’s Howard Bregman represented seller Abeleina Properties, managed by Robert A. George in Fort Lauderdale. The property has belonged to the George family for about 100 years.
“The offering attracted a great deal of interest from local, regional, national and international retail property investors,” Bregman said in a news release. “The buyer was chosen as the best custodian for the assets and to carry the George family legacy into the future.”
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Palm Beach Post : Building boom: Boca Raton crowded with construction
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By Laurie A. Thompson
During the 2013 legislative session, the Florida legislature adopted a complete rewrite of Florida’s limited liability company statute, which is codified in Chapter 605 of the Florida Statutes (New LLC Act). The New LLC Act be- came effective Jan. 1, 2014 for all Florida limited liability companies organized on or after that date and for all foreign limited liability companies that had previously qualified to transact business in Florida. However, the New LLC Act only became effective for previously existing LLCs Jan. 1, 2015. The one-year extension for existing LLCs was intended to give those LLCs time to get their house in order before they became subject to the provisions of the New LLC Act.