MIAMI-The bank is taking 61,000 sf of office space for 10 years and is the tower's first tenant to sign an office lease. The lease is estimated to be valued at up to $19.6 million. The mixed-use tower, which includes 200,000 sf of class A office space, is set to open Oct. 1 at 1441 Brickell Ave.

DEERFIELD BEACH, FL-Orchid Beach will consist of 44 units in two five-story buildings. Construction is set to begin this fall, with delivery set for next summer. The project will feature units ranging from 2,400 sf to 2,900 sf. They are priced from $500,000 to more than $1 million.

MIAMI-The Montclair, being developed by Alan Lieberman and Gregg Covin, will feature 41 units sized from 1,050 sf to 2,300 sf and priced between $321,000 and $700,000. It was designed by Chad Oppenheim.

BOCA RATON, FL-The offering of the shares of 8 1/2% series A cumulative redeemable preferred stock means about $72.1 million in net proceeds for Koger, which will be used for multiple purposes, including to fund the acquisition of the Rosemeade Building and CIGNA Plaza in Dallas.

NORTH BAY VILLAGE, FL-The Miami Beach -based company, which has been involved in building single-family homes for nearly 50 years, is planing a February ground-breaking on a 15-story, 414-unit development called 360:. And Lennar has hired ISG to launch sales of the project.

MIAMI-A joint venture of the real estate companies based here are in the process of acquiring The Newhall Land and Farming Co., which now has filed a preliminary proxy statement with the Securities and Exchange Commission regarding a meeting of Newhall Land's unitholders to vote on the acquisition.

PLANTATION, FL-The Florida-based independent commercial bank is taking 10,608 sf of space for 10 years in a deal valued at about $4 million. The 50,000-sf building where the bank is leasing the space is 98% occupied.

MIAMI-The class A office park in the Airport West submarket has proposed a second phase consisting of a 130,000-sf, four-story building and plans to start construction in the fourth quarter of 2004, subject to continued leasing.