MIAMI-GMAC Commercial Mortgage Corp. and KeyBank Real Estate Capital both provided $62.5 million for the project, which will consist of 125,323 sf of retail and restaurant space, 416 residential condominiums and a 900-space parking garage.

MIAMI-The 48-unit, ultra-luxury project is being developed in the Biscayne corridor. Mellon United National Bank of Miami provided the construction loan. The project is expected to break ground this summer and be completed 12 to 14 months later.

HOLLYWOOD, FL-The project, under development by Lane Investment and Development Corp. and FIRM Realty, is the first of several buildings planned to follow the Young Circle curve. The project is slated to break ground in January and be completed in May 2006.

BROWARD COUNTY, FL-The rate in two submarkets is nearly half the national average of approximately 10.5%, says a CB Richard Ellis report. Also in the county, buildings are appreciating, industrial land is commanding record prices, and the average industrial lease rate and the average industrial sales price per sf have risen.

WESTON, FL-Previously vice president of real estate for Opus South Corp. in South Florida, Levy moves to Duke as vice president of development and leasing, where his duties will include new development, build-to-suit projects and land acquisition.

PALM BEACH, FL-The line replaces its existing $135-million line, which was set to mature July 31. Participating lenders include Wells Fargo NA, the New York branch of Calyon, Wachovia Bank NA and PNC Bank.

BOCA RATON, FL-The 3,500-sf lease is for 10 years and another 10-year lease, for 4,500 sf of restaurant space, is pending. The two deals are aggregately valued at $2 million and would bring the 188,000-sf shopping center here to 100% leased.

CAPE CORAL, FL-Chas. Mancusco & Sons Inc., based in New York, paid $62.50 per sf to Lomangino Enterprises Inc. of Fort Myers, FL, for the multi-tenant building here in an unsolicited sale.