RIVIERA BEACH, FL-The two South Florida real estate firms are planning to develop Marina Grande here, with 351 upscale condo units and a marina with dry storage for 350 boats. Units will be sized from 1,560 sf to 2,230 sf and priced from the low $300,000s.

STUART, FL-The financing, provided by Florida-based BankAtlantic, is for a 22-acre marina here, which the Northside partnership, sponsored by the Altman Cos., plans to redevelop to include condos and commercial space. Specific plans are not yet solid.

MIAMI-Last year, the market experienced unchanged leasing activity and overall vacancy rate, while sublease space decreased 25% and direct net absorption improved significantly to positive 411,043 sf, according to a new Cushman & Wakefield report.

BONITA SPRINGS, FL-A subsidiary of Flag Wharf of Boston paid about $67.83 per rentable sf to a subsidiary of the Sembler Co., based in St. Petersburg, FL, for the 98%-occupied center, Albertson's at Bonita Springs.

MIAMI-The success of the 196-unit loft development, which provides workforce housing, is pushing up plans for the project's second phase. Prices started at $99,000. The project's developer is the Related Group of Florida.

AVENTURA, FL-The firm Cohen, Freedman, Encinosa of Miami Lakes, FL, is designing the 193-unit, mid-rise condominium project here around consumer demand, which will include 10-ft ceilings and oversized windows. The project will have an urban feel.

MIAMI-Uptown Lofts and Midtown Lofts are the first projects of Cobalt Development, based here. The combined project cost for the two developments, which will total 161 units, is $33 million. They are set to break ground within three months.

MIAMI-The South Florida area experienced a flurry of large sales as the end of the year drew near, including the 3.4-million-sf Miami International Commerce Center, which sold for $205 million on Dec. 30. Sources say market conditions spurred sales.