WEST PALM BEACH, FL-CRT Properties, based in Boca Raton, is teaming up with the Related Cos. of New York, developer of the $600-million, mixed-use CityPlace, to develop the 20-story, 335,000-sf, class A office tower there.

BROWARD COUNTY, FL-Cypress Creek saw a dramatic decrease in vacancy from 19.6% to 15.3% from the second to the third quarter. The county also had strong third-quarter absorption of 215,872 sf, and further demand for space is expected to absorb more of the vacancies in coming months.

MIAMI-Low interest rates, growth in the economy and demand have resulted in a high level of office sales. Office properties also are expected to sell at higher prices. Meanwhile, the area is experiencing declining vacancy rates.

MIAMI BEACH-Its new owner, Comprehensive Management Services of Chicago, is spending $7 million to renovate the 206-unit North Beach property, which it is converting to condominiums. The seller was Byron Hall Ltd., which got about $135,922 per unit for the 34-year-old property.

MIAMI-The sales of the 140,312-sf Palm Aire Marketplace in Pompano Beach and the 343,066-sf Coralwood Shopping Center in Cape Coral, along with other recent sales, indicate strong demand for shopping centers in South Florida, notes one broker.

MIAMI-The sales of the 140,312-sf Palm Aire Marketplace in Pompano Beach and the 343,066-sf Coralwood Shopping Center in Cape Coral, along with other recent sales, indicate strong demand for shopping centers in South Florida, notes one broker.

MIAMI-DH Griffin Construction Co. plans to get the 22-story boutique condominium project, in the Brickell area, completed by late next year. Units will be priced from the $300,000s.

FORT LAUDERDALE, FL-The Ellington at Victoria Park was the first multifamily project for the partners of Victoria Place LLC, one of whom says they are "eager to investigate new opportunities in residential development."