MIAMI-Local investors Scott Silver and Fredric Garvett, of Grouper Financial Inc., paid $18.5 million for the former Burger King world headquarters here. The seller was New Cutler Bay Corp.

PALM BEACH COUNTY, FL-The negative absorption of 60,427 sf in the third quarter was a big improvement compared with the negative 175,131 sf in the second quarter, according to a new Cushman & Wakefield report. Additionally, the county experienced a decline in office vacancy by 50 basis points to 15.4% in the third quarter, according to a new report by Grubb & Ellis.

MIAMI-South Beach Resort Development LLC has received a $6.3 million mezzanine loan, arranged by LJ Melody & Co., for the development of the five-star project, called The Regent South Beach.

MIAMI-The company bought 10 acres at Dolphin Commerce Center from Swerdlow Group for more than $6.5 million, or about $650,000 per acre. Plans are to develop two 80,000-sf to 90,000-sf, class A office buildings there.

FORT LAUDERDALE, FL-City officials granted approval for the design and concept of the condominium project's oceanfront cabana club, which will feature 23 private cabanas located across the street from the development.

PALM BEACH GARDENS, FL-Wisperwood Village Development LLC bought Wisperwood Village in Kendall and 1951 Brandywine LLC bought Fairway Vista in West Palm Beach. The seller of both complexes was locally based Jennings Construction Corp.

MIAMI-Residents plan to move into the 199-residence loft condominium development Downtown this December. The developer is locally based Neo Concepts LLC, which also is developing NeoVertika, a 443-unit loft condominium project in the city.

BOCA RATON, FL-The 188,000-sf shopping center's four new leases, which total 9,426 sf and are worth close to $1.8 million, bring the center's occupancy to 97%. The four companies that signed leases recently are Casual Male, Verizon Wireless, EB Games and Jersey Mikes.