MIAMI-The 156,000-sf store will scale back to 83,000 sf at an undisclosed cost. J.C. Penney will sell the store to the developer, then lease back space, according to a spokesman for the Plano, TX department store chain.

MIAMI-The South Florida centers--Ramblewood Square in Coral Springs, Vizcaya Square in Plantation and Embassy Lakes Shopping Center in Cooper City--total 388,000 sf and were sold for more than $50 million combined by Dutch entities.

MIAMI-The Codina Realty Services Inc. ONCOR International report states this vacancy level will continue this year but offers hope for a brighter future. New and returned space also contributed to a negative YTD absorption rate of 913,906 sf.

MIAMI-The sign manufacturer sold a 12,800-sf building for $650,000 and bought a 38,500-sf building for $1.65 million to create additional space for operations after winning a contract to change over signs in Florida from First Union to Wachovia.

MIAMI-An affiliate of Danac Corp. of Bethesda, MD bought a 30,000-sf Best Buy store in Fort Lauderdale for $8.05 million, and Cole Cos. of Phoenix bought the 220,000-sf Boulevard Square Shopping Center and retail outparcel in Pembroke Pines for $34.6 million.

MIAMI-The Codina Realty Services Inc. ONCOR International report states this vacancy level will continue this year but offers hope for a brighter future. New and returned space also contributed to a negative YTD absorption rate of 913,906 sf.

BOYNTON BEACH, FL-The company is opening a 17,907-sf location here for distribution of its snack products within Palm Beach County. The five-year lease brings occupancy at building three of the Premier Gateway Commerce Center to 100%.

MIAMI-As part of the equity investment sales group here, Finkle will be responsible for institutional-grade property transactions in the Southeast and mid-Atlantic United States.