MIAMI-The Boca Raton, FL-based real estate trust is expanding its space by 5,387 sf and taking 21,387 sf for five years at a first-year rent of $18.70 per sf, triple net.

MIAMI-Locally based Alliance Construction LLC is constructing the 10-garden style, 204-unit community at 11900 NE 16th Ave., North Miami, FL. The hard construction cost is $10.3 million or $50,490 per unit.

MIAMI-The Bryason Corp. plans to break ground in September on the 80,000-sf, six-story 595 Financial Center being developed for $20 million or $250 per sf.

MIAMI-The property's strategic location between Miami and Fort Lauderdale helped close the 10-year permanent funding at an under-7% interest rate, according to the Dallas office of Holliday Fenoglio Fowler which brokered the transaction.

MIAMI-The Chicago entrepreneur's Equity Residential Properties Trust paid Prudential Real Estate Investors $37.4 million for the 466-unit, 8.5-acre, 92%-leased Savannah Lakes community in Boynton Beach, FL, adjacent to the 600-acre Quantum Corporate Park.

MIAMI-Using inhouse partnerships, the Davie, FL-based brokerage paid LEF/College Parkway LLC $11.1 million or $135.37 per sf for the 80,000-sf College Parkway Center in Fort Myers, FL; and $17.35 million or $96.93 per sf for the 179,000-sf Shoppes at Boynton in Boynton Beach, FL.

MIAMI-City commissioners have approved the two-building, 45-story, $300 million project, the first Downtown residential public-private partnership of its kind.