FORT LAUDERDALE, FL-As condo conversions reduce supply, the apartment vacancy rate is expected to fall to 3.4%, and the average effective rent is forecast to jump 6.4% to $1,017 a month this year.

MALVERN, PA-Evidence that life-science firms dominate and are growing here comes from five renewals and expansions in the Liberty's largest business park. Rates for R&D space ranges from $6 to $15 per sf.

SUNRISE, FL-ING Clarion lets the 390-unit Park at Sawgrass Mills go for $190,000 per unit. Within a month of acquiring a three-property portfolio aggregating 476 units for condo conversion in Boca Raton, Elad snaps it up.

SUNRISE, FL-Within a month of acquiring a three-property portfolio aggregating 476 units for condo conversion in Boca Raton, Elad buys the 390-unit Park at Sawgrass Mills from an investment trust for $190,000 a unit.

PHILADELPHIA-Wayne Dunlop, former president of the mid-Atlantic division of Skanska USA Building Inc., will oversee all Tower development and construction. The addition of Randy Scarborough of Scarborough Properties takes RAIT's board of directors to eight.

CORAL GABLES, FL-The subsidiary of Venezuela-based <i>Mercantil Servicios Financieros</i> adds Florida Savings' three Miami-Dade branches to its existing eight in the county and four elsewhere.

ALLENTOWN, PA-In a flurry of transactions throughout the Lehigh Valley, Opus East sells the DHL Facility here and Bethlehem Crossing II for $63 million and $17 million, respectively, and buys large parcels in Nazareth and Macungie townships.

ALLENTOWN, PA-In a flurry of transactions throughout the Lehigh Valley, Opus East sells the DHL Facility here and Bethlehem Crossing II for $63 million and $17 million, respectively, and buys large parcels in Nazareth and Macungie townships.