DELRAY BEACH, FL-While the prices were not disclosed, the New York investment group paid close to $109 million for the two centers in April and August 2003. Plaza at Delray in this city totals 333,566 sf on 35.7 acres and Mission Bay Plaza in Boca Raton has 272,914 sf on 24.5 acres.

BROWARD COUNTY, FL-Owners are expected to control negotiations in coming months, according to a CB Richard Ellis report. That submarket is seeing falling direct vacancy rates and rising average asking rates.

MIAMI-David Burstyn oversees daily operations, marketing, and design and construction of the 23-story, two-tower condo, office and retail space project being developed near the Miami River.

POMPANO BEACH, FL-Paul Jankowski of Sterling Developers Inc. and Sam Butters of Fort Lauderdale Business Centers bought 12.5 acres of lake land on Wiles Road at Crystal Lake here that they intend to fill to allow for development.

MIAMI-The increases have occurred for five consecutive quarters here, as the area saw 79,095 sf of leasing activity in the first half of this year. Premier space availabilities brought up average asking rates $1.32 per sf, though, year to date.

PALM BEACH, FL-The hotel REIT, based here, increased its third-quarter regular common share dividend to 6 cents per share. Also, the company declared a regular dividend of 50 cents per series C cumulative preferred share for July 28 to Oct. 26.

DEERFIELD BEACH, FL-The company, a subsidiary of the Suddath Cos. based in Jacksonville, is moving its headquarters here from 75,000 sf in Pompano Beach. Suddath paid $2.1 million for 10 acres on which to build, and the project cost is estimated at $9 million.

COCONUT GROVE, FL-The CMC Group ultra-luxury condominium development will feature 151 large units that sell from $1.5 million to $5 million. The 32-story tower is scheduled to be completed in spring 2006.