South Florida Business Journal Arch Cos. has paid $17.5 million, or $291,667/unit, for the Melrose Apartments, a 60-unit property in West Palm Beach, Fla. The New York company purchased the garden-style complex from F/Advance Capital, a Miami private equity firm that had bought it two years ago for $14.31 million. WC Lending provided $9.63 million […]

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