MIRAMAR, FL-The college's 15-year lease at the Miramar Park of Commerce is valued at $18 million. The location--the company's first in South Florida and second statewide--includes a 7,000-sf, student-run restaurant. The park has seen a rise in interest from education-sector tenants, according to a broker in the deal.

PALM BEACH, FL-The locally based hotel REIT declared a regular common share dividend of 3 cents a share for the second quarter and a dividend of 50 cents per series C cumulative preferred share for April 28 to July 27.

FORT LAUDERDALE, FL-The site, located at the southeast corner of Cypress Creek Road and North Andrews Avenue, is approved for more than one million sf of office, retail and hotel space. Multifamily developers also have shown interest in the property.

FORT LAUDERDALE, FL-This city in Broward County ranked No. 4 on Marcus & Millichap's National Retail Index--a slot ahead of the major cities in Palm Beach and Miami-Dade counties. In addition, a new Terranova Corp. report indicates occupancy and rental rates in unenclosed shopping centers of at least 50,000 sf have improved in Broward since 2000.

SUNRISE, FL-The 128,124-sf shopping center, owned by DIM Vastgoed NV and managed by DBR Asset Management LLC, refinanced about 80% of the March 2003 purchase price. The center is 95% occupied by such tenants as L.A. Fitness and Office Depot.

MIAMI-Two warehouses are being destroyed to clear the way for the $80-million, 36-story loft condo tower on the Miami River here. Coastal Construction has been hired to build the 443-unit project.

MIAMI-Shoma Development Corp. paid cash for the 400,000-sf building and adjacent land, where sources say the company is planning a residential development. Ryder also leased a 250,000-sf build-to-suit building at Flagler Station.

BOCA RATON, FL-Net income rose from $15 million in last year's first quarter to $20.2 million for the same quarter this year. Revenue and occupancy levels also were up in the most recent quarter.