MIAMI-A Chicago-based private investor is asking $11.25 million, or $87,890 per unit, for the South Miami Beach properties, which have a total of 128 units. The properties are near each other, and have undergone more than $1.6 million in renovations in the past year.

MIAMI-The separation of the Fort Lauderdale-based company would take place through a tax-free spin-off, and Levitt Corp. would become a separate publicly traded company. Depending on certain conditions, the company expects the separation to transpire by the fourth quarter.

MIAMI-The $27 million in preferred equity and construction financing will be for the site acquisition and development of Cypress Legends, a 332-unit luxury apartment community planned for Fort Myers, FL.

MIAMI-Architect Jaime Schapiro of Schapiro Associates and Suffolk Construction Co., as the pre-selected general contractor, will work on the $22 million-plus luxury condominium development, The Atrium at Aventura, which is scheduled to break ground this summer.

MIAMI-The company, doing business as Roepnack Corp., paid approximately $74.20 per sf for the 28,300-sf, multi-tenant Whispering Corporate Plaza in Pompano Beach, FL. Roepnack Corp. will relocate its headquarters there.

MIAMI-Several leasing deals over the past few months have raised the building's occupancy to almost 96%, high for the area. The leases total more than 63,000 sf and are worth approximately $15.2 million.

MIAMI-RK Causeway Plaza LLC bought The Causeway Plaza from Causeway Plaza Inc. for $14.85 million, and RK Biscayne Plaza LLC bought the Biscayne 162 Plaza from Biscayne 162 Corp. for $3 million.

MIAMI-Jason Howe was hired as development manager, and Douette Pryce joins the company as assistant development manager. The hires reflect continued growth in the Fort Lauderdale company's real estate development.