Miami

The purchase of Royal Isles brings FCP's multifamily portfolio in Florida to more than 2,000 units.

Although property owners may be inclined to jump at the opportunity to boost their revenues, owners should fully understand all of the deal terms and the potential risks of entering into these kinds of arrangements, he stressed.

The 894-bed Retreat at Orlando student housing complex was sold by a subsidiary of Inland Private Capital on behalf of one of its 1031 investment programs to Preferred Apartment Communities of Atlanta. PAC acquired the property through its wholly-owned subsidiary Preferred Campus Communities, LLC.

The hotel will be located at 201 North Flagler Drive along the Intercoastal in Downtown West Palm Beach and will be situated within a 435,000-square-foot, mixed-use lifestyle project s being developed by Navarro Lowery Properties.

Art Plaza, located at 58 NE 14th St., will include 577 two-bedroom units and 90 one-bedroom apartments, along with 11,764 square feet of street-level retail and restaurant space.

The latest statistics from VISIT FLORIDA also indicate a new domestic visitor record at approximately 29.15 million, which was 8.5% over the total posted in the first quarter of 2017.

PPG Development Group is leading the ownership group along with his capital partner, Michael Herman of Premium Capital.

The $23-million project will begin with a 200,000-square-foot building and is expected to be delivered at the end of this year. T