MIAMI-Yet another apartment complex here heads for condo conversion as Fifteen Group sells the 712-unit Arbor Lake Club Apartments complex for $105,337 a unit in a deal brokered by an unusual alliance.

MIAMI-Yet another apartment complex here heads for condo conversion as Fifteen Group sells the 712-unit Arbor Lake Club Apartments complex for $105,337 a unit in a deal brokered by an unusual alliance.

MIAMI-Mobis Parts America, the US distribution arm of South Korea's Hyundai Automotive Group, subleases 60,000 sf adjacent to the 122,000 sf it leased less than a year ago. This is the company's headquarters for exports to Latin America.

PHILADELPHIA-Although its newest acquisitions caused a loss during fourth-quarter 2004, the hospitality REIT's full-year income rose. Maturing of the new properties and continuing improvement in the industry are expected to accelerate growth this year.

PHILADELPHIA-At a price tag of $15 million, New York-based Midwood Management adds the 30,000-sf neighboring Talbot's and former Borders Books at 1723-1729 Walnut St. to it's approximately 20-building retail portfolio here.

MIAMI BEACH-Wallace Tutt, designer of the Versace Mansion, joins Gregg Covin Real Estate Development and Michael Capponi to renovate the 1930s landmark into a condo hotel with unit prices from $350,000 to nearly $2 million.

PHILADELPHIA-As Comcast and Cira towers threaten office vacancies while multifamily and investment markets soar, 600-plus real estate executives gather at RealShare Philadelphia on March 9 to asses the pitfalls and opportunities in the city and suburban markets.

FORT LAUDERDALE, FL-An investor sells the 57,000-sf retail center at 12300 Sunrise Blvd. across from Sawgrass Mills Mall for just over $263 per sf. The buyer, Los Angeles-based StarPoint, intends to acquire more Florida retail properties.