MIAMI-While new retail space was low this year and will be next year as well, rental rates are on the rise, sales volume could pick up, and a rebounding tourism industry is attributing to the retail segment's health. However, vacancy rates are expected to continue to increase slightly next year before dropping.

MIAMI-Demolition of the Williamson Cadillac dealership at 7250 N. Kendall Dr. is under way. That will be the site of a planned mixed-use development, which will have 416 condominium units and 150,000 sf of retail and restaurant space. Ground-breaking is set for early next year.

MIAMI-Recent third-quarter reports show signs of market improvements, such as declining vacancy rates, but in many cases, the picture does not look as pretty as it did last year.

MIAMI-The loan is a refinancing of the 300-unit, 16-building Harbor Key Apartments in Miami-Dade County, FL. The financing, over a 10-year term with a 30-year amortization, was offered at a 5.97% fixed rate.

MIAMI-The slight increase in the vacancies are nothing to be concerned about, says one area broker. But Brickell Avenue vacancies will rise next year. In Q3, investors showed confidence, as major buildings were sold for more than $669 million.

MIAMI-The independent-living facility will cost $27 million. The 125 units will range in size from 700 sf to about 1,700 sf. The project is being developed by Howard Bloom and Kenneth E. Richardson.

MIAMI-The 30-acre mixed-use park, which opened in 1990 in Boca Raton, has inked several new leasing deals worth millions of dollars in recent months. Besides an 11-year lease extension by Max's Grill, new tenants include La Bottega di MammaRr and Les Bijoux.

MIAMI-Two healthcare companies are weighing their location options as one target city hopes to make their decisions a no-brainer.