MIAMI-Positioned as a "boutique" condo, the 27-story Star Lofts on the Bay has no more than three units per floor topped by a full-floor, 5,500-sf, $2.5-million penthouse. Construction cost is estimated at $20 million.

NAPLES, FL-Centex Homes expands by an additional 7,125 sf, and Wachovia Securities inks a lease for 2,603 sf in the building in Pelican Bay Executive Center. The aggregate value of the leases approaches $3 million.

PHILADELPHIA-Jonathan Stavin, former VP with Binswanger/CBB, joins CB Richard Ellis as VP of investment services. In an unrelated move, Charles Jefferson, formerly with Brown-Hill and Dranoff, is named VP of development for Campus Apartments Inc.

CARLISLE, PA-Bradley Associates sells the 1.2-million-sf warehouse distribution facility at One True Temper Dr. for $50 per sf. It is fully leased to Ames True Temper, a manufacturer of non-power lawn and garden tools.

PHILADELPHIA-Harrisburg-based Waypoint Financial's 66 banking offices in Pennsylvania and Maryland assume the Sovereign identity. The merger gives Sovereign more than 650 offices in the Northeast and makes it the 18th largest US banking institution.

PHILADELPHIA-Harrisburg-based Waypoint Financial's 66 banking offices in Pennsylvania and Maryland assume the Sovereign identity. The merger gives Sovereign more than 650 offices in the Northeast and makes it the 18th largest US banking institution.

HOLLYWOOD, FL-MCZ/Centrum pays JPI $167,984 a unit for Jefferson on Young Circle, a 253-unit, two-building apartment complex it plans to convert to Regent Park at Young Circle condos, its third condo-conversion here in a year.

HOLLYWOOD, FL-MCZ/Centrum pays JPI $167,984 a unit for Jefferson on Young Circle, a 253-unit, two-building apartment complex it plans to convert to Regent Park at Young Circle condos, its third condo-conversion here in a year.