The Ray in Delray Beach to break ground – South Florida Business Journal

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"With its unique amenities, event spaces and innovative architecture, The Ray will appeal to out of state vacationers and business travelers, as well as to local and regional residents looking for a unique getaway in one of Florida’s most popular destination beach towns," Menin president Craig Menin stated.

Staff report New condos are heading to downtown Delray Beach. South Florida-based real estate and development firm Sofa Partners broke ground last month at 111 First Delray. City officials joined Sofa employees as they donned hard hats, golden shovels, and construction equipment to kick off the construction of the project.

Interest rate impact: what comes next for borrowers and savers Today, after nearly a decade of interest rates being 0.5% or lower, they were raised to 0.75%. It could mean better rates for savers, but is likely to add to the cost of millions of homeowners.

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Ocean Delray in the South Florida Business Journal Dec 19, 2018 / New Projects; Luxury Condo to Replace Oceanfront Hotel in Delray beach december 18, 2018 By: Brian Bandell An oceanfront hotel in Delray Beach will be replaced by a boutique condo project, with units starting in the high $4 million range.

The Related Group plans to break ground Sept. 6 on Hyde Beach House, a 342-unit, condominium-hotel in Hollywood. The 40-story project, at 4010 S. Ocean Drive, will have 265 condo-hotel units and.

South Florida real estate developer Menin Development landed a $72 million loan to finance construction of The Ray, a 141-room hotel planned in downtown Delray Beach. Madison Realty Capital provided the 24-month construction loan with extension options.

Metro Bank used cheap loans from Bank of England for risky deals That's why Metro Bank's loan to deposit ratio in 2015 was 69 per cent, in deposits and 3.5bn in loans, with its loan book helped by a deal. the US, across the world today central bank interest rates are zero, to wade into the riskier end of the market, there isn't much income to be had owning securities.