BOCA RATON, FL-The real estate investment trust reports the weighted average gross rental rate on new leases signed increased $12.39 per sf over the second quarter.

MIAMI-Ocean Bank fulfills commitment to provide the locally based provider of Internet infrastructure and managed services with a source of funds for debt restructuring purposes.

MIAMI-The Miami-Dade County Seaport Department is asking permission to order appraisals on what some consider as the last large contiguous piece of developable industrial land within the city limits. The final purchase price could fall in the $18 million to $27 million range, GlobeSt.com research finds.

BOCA RATON, FL-Publicly traded shares of the developer-operator of wireless communication tower sites close down $1.14 Wednesday at $12--18 cents below the prior 52-week low.

SUNRISE, FL-The developer of the landmark Presidential Circle office building in Hollywood, FL., is negotiating final regulatory reviews on a 396-unit, luxury multifamily tower near the Sawgrass Mills Mall, 29 miles north of Miami.

CORAL GABLES, FL-Gables/Kovens Inc. goes with a national name to build Gables Club Tower, a planned 98-unit luxury condominium project in the exclusive Sunrise Harbor section of this community six miles south of Miami.

BOCA RATON, FL-Two-year-old Prakas Group Inc. tells GlobeSt.com it is closing 10 deals every two weeks and has booked $30 million in total gross sales through August, up from $24 million for all of 2000.

MIAMI-The nation's second-largest homebuilder intends to occasionally issue the new securities primarily for acquisitions purposes.