(Crystal Proenza is associate editor of Real EstateFlorida.)

MIAMI-The Adler Group has refinanced a local office/industrialportfolio for $53.5 million through two loans from separatelenders. The properties, all located at Miami Industrial CommerceCenter in the Airport West submarket, were financed because aseven-year CMBS loan had matured. Both of the seven-year, fixedrate loans were arranged by Holliday Fenoglio Fowler LP seniormanaging director Paul Stasaitis and senior real estate analystTodd Adams.

"The property's prime location, operating history and highlyexperienced sponsorship created an extremely competitive lendingmarket for these placements," said Stasaitis in a release. "Manymarket participants may view the debt markets as somewhat stymied.However, these transactions, which were closed within three weeksof application execution, simply illustrate that there is ampledebt-market liquidity."