MIAMI-The $3 million, 70,000-sf High Ridge Commerce Center in Boynton Beach, FL is 45 miles north of Downtown Miami. The project can house office, showroom, warehouse and industrial operations. The builder says 50% of the venture is pre-sold.

MIAMI-New construction has shut down with only 134,403 sf in the pipeline as vacancies increase by 4.4%, according to a second-quarter study by Cushman & Wakefield of Florida Inc.

MIAMI-Vacancies are up for eight consecutive quarters to 17.5%, the highest level since 1994, according to a second-quarter market report by Cushman & Wakefield of Florida Inc. Miami Beach has a 28.4% vacancy level, the highest of all the area's submarkets.

MIAMI-Fortress Investment Group and Greenhill Capital Partners, both of New York, are providing $205 million to the cell telephone site developer. The $340 million is coming from other lenders.

MIAMI-Leasing activity is down 30% as new construction slows with only 405,000 sf being built versus 1.5 million sf in the comparable 2001 quarter, according to a new market report by Cushman & Wakefield of Florida Inc.

MIAMI-Delray Beach has the lowest vacancies at 2.2% while Boynton Beach has hit the 20% level in a county-wide market where new construction has slowed to a crawl, according to a second-quarter report by Cushman & Wakefield of Florida Inc.

MIAMI-Southwest Broward County has a 16.3% vacancy mark while north Broward is the strongest submarket at 6.7% vacancy, according to a second-quarter study by Cushman & Wakefield of Florida Inc.

MIAMI-New construction has shut down with only 134,403 sf in the pipeline as vacancies increase by 4.4%, according to a second-quarter study by Cushman & Wakefield of Florida Inc.