BONITA SPRINGS, FL-The 71-unit, 21-story Palermo tower here had a project cost of more than $50 million. Prior to completion, 57 units were sold for a total of $54.8 million--an average unit price of $961,403.

MIAMI-Co-investors Olympic Investors LLC and Heitman Capital Management paid $59,401 per unit in cash to Equity Residential for the 328-unit property in Fort Myers, FL. The 97% occupied property sold at a low 7.26% cap rate.

FORT LAUDERDALE-Pinecrest Village at Victoria Park here is a condominium conversion project of Tarragon Realty Investors Inc. of New York. The company has more than $12 million budgeted for renovations and improvements to the property.

MIAMI-The software provider's 10-year, 27,969-sf deal is at Westside Plaza II. Concerto took over a two-year lease from a company it purchased, and extended the deal for an additional eight years.

MIAMI-The 21-story, 95% leased building, built in 1989, does not fit into Trizec Properties' core strategy. Located in the CBD of West Palm Beach, FL, the building is occupied in large part by law firms.

MIAMI-River House Lofts calls for 806 residential lofts, 205,000 sf in loft-style office space, 64,000 sf in restaurant space and 112,000 sf in open-air facilities. Tower one is set to begin in March.

BOYNTON BEACH, FL-A partnership controlled by Roberts Equities Inc. of New York has purchased the 154,000-sf, 98% occupied retail property here from Investcorp of New York for approximately $125 per sf.

MIAMI-Despite the negative impact from the technology sector, this South Florida city's overall vacancy rate increased less than 1%, according to a year-end office overview by Cushman & Wakefield.