MIAMI-Fullerton-Diaz of Coral Gables was named the architectural firm for Platinum. The $40 million project will include 119 units in 22 stories. It is set to break ground this fall and be completed in spring 2005.

NORTH LAUDERDALE, FL-The limited liability company bought the 100-unit Kimberly Apartments complex here from Deer Beach Realty Inc.

KEY WEST, FL-Robert Spottswood is the general partner of the buyer, which paid about $77,477 per room to LaSalle Hotel Properties of Bethesda, MD for the 222-room upscale Holiday Inn Beachside Resort here.

RIVIERA BEACH, FL-Alex Shelton LLC, doing business as Joy Enterprises, paid nearly $1.4 million for the 19,000-sf building here. The seller, a developer, also is planning to build 4,000 sf of office space for the new owners, not included in the building sale price.

NAPLES, FL-Hammock Woods LLC of Fort Myers paid $12.4 million to Alanda Ltd. for the property here and is planning to develop it into a 181,000-sf medical office park and about 150,000 sf of retail space.

COOPER CITY, FL-Embassy Lakes Investment Corp. purchased Embassy Lakes Professional Center, a 23,728-sf, 12-suite, one-story office property here.

MIAMI-The overall vacancy rate in the market increased slightly to 10%. Meanwhile, due to an increased demand for space and healthy leasing activity, the second half of the year is expected to bring improvements in the market.

FORT LAUDERDALE, FL-The $220 million, two-tower, 23-story project will be the first W Hotel in the state. The project, which will feature a 346-room hotel and 171 luxury residences, is set to open in December 2006.