MIAMI-A 31-year-old apartment complex is being converted into the Pine Crest Village at Victoria Park condominium development at a cost of $10 million-plus. The on-site sales center is set to open in two weeks.

MIAMI-The new agents' focus will include a loft project, commercial sales and leasing, condominiums and luxury waterfront homes. This is the most recent growth for the Miami Beach-based real estate brokerage, which also recently opened a second office.

MIAMI-The Coconut Grove shopping center, which is turning its upper two floors into class A office space, will have 120,000 sf of office, 110,280 feet of retail space, 35,734 sf of restaurant space and 9,612 feet of residential space. The project will cost more than $6 million.

MIAMI-The 270-unit complex will be located on 16 acres in Palm Springs. With unit rental rates to range from $700 to $980, it is intended to be a luxury rental community affordable to low- and middle-income families. December 2003 is the scheduled completion date.

MIAMI-The Boca Raton, FL-based real estate investment company has bought the 135,000-sf Village Square at Golf in Boynton Beach and the 85,000-sf Village Square at Pembroke in Pembroke Pines. The company plans to pursue additional centers anchored by Publix.

MIAMI-Also, the first phase of the condominium complex is expected to sell out before the end of the year. Both phases consist of a 30-story, 223-residence, $110-million tower with units pre-sale priced between $600,000 and $2.9 million.

MIAMI-The 22,000-sf complex for PowerTrac Machinery will include 6,000 sf of front office space and 15,000 sf for maintenance and service on the company's heavy-construction equipment. The facility will house 30 employees.

MIAMI-The $22 million in financing that enables the purchase of the oceanfront land was provided by Citrus Bank of Miami with roughly 4% interest. This is one of three recent land-financing deals totaling $59 million that L.J. Melody & Co. arranged on behalf of Dezer Properties.