MIAMI-Michael Wolk Design Associates will design the public spaces of the planned $40 million, 22-story condominium tower Platinum. He will create a cool, tropical feel for the project, set to break ground this fall.

DELRAY BEACH, FL-A company controlled by Investcorp International purchased The Plaza at Delray here from St. Stephen LP. The 2002 market value of the property is $29.5 million, according to the Palm Beach County property appraiser's office.

PALM BEACH, FL-The leases would be acquired by the company's wholly owned taxable REIT subsidiaries from Innkeepers Hospitality, the company's main lessee, for $5.25 million cash. The deal is subject to certain conditions, but the first phase of lease acquisitions is expected to close in the third quarter.

MIAMI-As the market offers several attractive options for office tenants, retaining tenants has become a priority of property owners and a large amount of space has been renewed.

WEST PALM BEACH, FL-The two-tower, 423,323-rentable-sf, trophy office complex here opened in 1986 and is more than 95% leased. Hart Advisers Inc. hired Rockwood Realty Associates LLC to market the property.

MIAMI-A new Apartment Realty Advisors report states that a decreasing supply of undeveloped multifamily land as well as condominium conversion projects are among the factors that are strengthening the current market.

MIAMI-The Continental Group will oversee the condominium association's finances and the day-to-day management of the property. The 35-story project is owned by Athena Karlton SOBE LLC.

MIAMI-The REIT demolished the center in 1999 and has been working on a phased redevelopment of the property. The approximately $7 million Phase IV includes a 45,000-sf LA Fitness Sports Club and 29,422 sf of office and retail space that is set to be completed in the first half of 2004.