MIAMI-A partnership of Ross Matz Investments Inc. of Davie, FL has paid the New York-based investment group Investcorp $114.82 per sf for the 371,000-sf outdoor mall. Investcorp has been selling its Florida retail properties to focus on other areas of the country.

MIAMI-The $4.15 earnings per diluted share for the fiscal year ended Nov. 30 compares to $3.87 per diluted share in 2001. However, that same figure dropped some in the fourth quarter, from $1.02 in 2001 to 91 cents in 2002.

MIAMI-The advertising agency extended its lease 11 years at 601 Brickell Key Drive in the Courvoisier Centre II here. The company occupies 41,803 sf of rentable, class A office space.

AVENTURA, FL-The two-building, seven-story, mid-rise, luxury project, will have 119 units that sell in the $300,000 to $500,000 range. Ground-breaking is planned for late summer, and the $22 million to $28 million project is expected to take a year and a half to build.

MIAMI-The 25,000-sf, five-year deal is for a new location for the electrical supply distributor at 6780 White Drive in West Palm Beach, FL. The company is paying about $7.25 per sf gross.

MIAMI-Leasing activity decreased significantly, the vacancy rate increased some, and net absorption was positive but weak at the end of 2002, with some of the worst results recorded in the larger submarkets, according to a recent report.

MIAMI-Toni Anderson and JoAnne Perez have been named corporate services associates, supporting such clients as Merrill Lynch, Pierce, Fenner & Smith; Morgan Stanley DW Inc.; and Humana Inc., while Michelle Jimenez was promoted to marketing research coordinator.

MIAMI-The $100 million luxury, gated community for people ages 55 and over will be located on a 24-acre site in Weston, FL. Nichols Brosch Sandoval & Associates is the architect, and Howard Design Group is the interior design firm.