MIAMI-Le Club Development LLC paid $34 million for the 332-unit Le Club at Old Cutler community. Built in 1989, the community consists of 14 three-story buildings on 15 acres and a clubhouse. The developers plan to spend $2 million on cosmetic improvements.

FORT LAUDERDALE, FL-Chris Moffitt Rotolo has joined the division of Stiles Corp., a large commercial development and investment company based here. She is responsible for the company's three property management divisions.

MIAMI BEACH-The locally based real estate investment, finance and management company saw the figure decline from $30.3 million for its 2003 third quarter to $22.5 million for the same period this year. Last year's results included a notable gain on a sale.

MIAMI-After it invests $9 million in upgrades, the company plans to turn the Breakwater Hotel and Edison Hotel into one condominium hotel with 113 suites. Falor also plans to close its purchase of a third hotel on Ocean Drive, the Tides, in October.

MIAMI-ME & Gran Park Key LLC and Wachovia Bank each bought a parcel of land at Flagler Station, a park where Flagler Development owns 3.3 million sf, primarily industrial space.

MIAMI-Locally based Catalina Holdings LLC paid $104,000 per unit to a limited partnership based in West Palm Beach for the 275-unit property. The 33-year-old property sold at a 10.1% capitalization rate.

WEST PALM BEACH, FL-The Foundation for the Advancement of Cardiac Therapies paid $1.3 million for the 4,000-sf Wilson Rowan Locksmith building here. The buyer plans to level the building and build a new facility. Meanwhile, Wilson Rowan purchased land for a new facility as well.

WESTON, FL-The company, which specializes in the research and production of safety armors, committed to a five-year lease, valued at nearly $3.7 million, or $5.75 per sf, in the Weston Distribution Center, formerly the Federal Mogul Corp. building.