BOCA RATON, FL-However, nearby in the North Palm Beach submarket, higher vacancy rates are contributing to more tenant incentives, according to a CB Richard Ellis office update for Palm Beach County.

MIAMI-American Ventures Realty Corp. is launching the fund to provide mezzanine capital to qualified urban core project developers. National banks, foundations and individuals are the fund's investors. A fund launch is planned for tomorrow.

MIAMI-Jay Massirman has earned the title of executive vice president, the firm's highest honorary title for sales professionals. He oversees the CB Richard Ellis Florida Multihousing Team and has consistently been a top producer.

BROWARD COUNTY, FL-Suburban tenants looking for competitive rental rates, among other things, are attracted to the submarket, says a CB Richard Ellis report. Meanwhile, increased vacancy rates may be in store for the Plantation submarket, the report states.

MIAMI-Suffolk Construction Co. is demolishing the boatyard storage warehouse located on the parcel to make room for Latitude on the River, will include 455 luxury condos and more than 200,000 sf of class A office and retail space.

MIAMI-Escobar, founder of the 12-year-old firm Andres Escobar & Associates, has more than 20 years' experience in commercial, residential and hospitality design. Groupe Pacific is developing the $125-million, 46-story condo community here.

LAKE PARK, FL-Archon Group LP sold the luxury, waterfront property for $19.6 million, or about $89,090 per unit. The condo conversion opportunity is what attracted Sunvest to the 220-unit property, according to a broker.

NAPLES, FL-Naples Real Estate Development Group, the new owner of the hotel, which has 69 hotel condominium units, may redevelop the property into residential condominiums exclusively. Per room, the sale price was about $182,608.