MIAMI-SSR Realty, with Terranova Corp. affiliate Gables Beach Ltd. and a Madison Marquette affiliate, bought the two Miami Beach office buildings totaling 118,985 sf and the eight Coral Gables retail buildings consisting of 78,751 sf combined from Starwood Urban.

SARASOTA, FL-Another South Florida rental property plans a conversion to condominiums as the BF Group of Miami buys the Savoy on Palmer Ranch from Concierge Asset Management of Tiburon, CA for $93,133 per unit. The property, completed in 2000, is 98% occupied.

DELRAY BEACH, FL-Astor, the 90-unit project, is scheduled to break ground in the first quarter of next year to meet the demand for units Downtown. The project also will include 11,000 sf of ground-floor retail space.

BROWARD COUNTY, FL-A new CB Richard Ellis market report shows the vacancy rate dropped to 5.6% from 7.4% this time last year, while rental rates are increasing. An increased demand for space is expected to continue through the next quarter or two.

COCONUT GROVE, FL-The five-year-old, Miami-based firm is planning a November groundbreaking for Lofts at Mayfair, a 99-unit, six-story project to be located here. Prices range from $252,000 to $599,000, and the project is expected to be completed in January 2006.

PALM BEACH COUNTY, FL-The Coral Springs-based company got the property for $100 a sf--"well below replacement cost," says Aquila president Tom Weber. The seller was the Weiss Group, which has committed to keeping its 80,000-sf headquarters in one of the buildings long term.

ROYAL PALM BEACH, FL-As the Tennessee-based company opens the 185,220-sf anchor tenant, SuperTarget, it prepares to begin work on additional 40,000 sf for small shops at Cobblestone Village at Royal Palm Beach. That space is scheduled to open in early summer next year.

ROYAL PALM BEACH, FL-As the Tennessee-based company opens the 185,220-sf anchor tenant, SuperTarget, it prepares to begin work on additional 40,000 sf for small shops at Cobblestone Village at Royal Palm Beach. That space is scheduled to open in early summer next year.