AVENTURA, FL-The Parc at Turnberry Isle, a $40 million luxury high-rise condominium community, will have 111 residences in two 22-story towers. A fall groundbreaking is planned, with occupancy expected in 2005.

MIAMI-The highest overall vacancy rate in the third quarter in the county, 11.9%, was experienced in the Medley submarket, followed by the Miami Airport submarket, with an 11.4% overall vacancy rate, according to a new Miami-Dade County industrial report by Codina Realty Services Inc. Oncor International.

MIAMI-The highest overall vacancy rate in the third quarter in the county, 11.9%, was experienced in the Medley submarket, followed by the Miami Airport submarket, with an 11.4% overall vacancy rate, according to a new Miami-Dade County industrial report by Codina Realty Services Inc. Oncor International.

MIAMI-The property, in a market where development is exploding, is zoned for a major commercial or high-rise residential project. The new owner, which purchased the property as an investment, probably will consider developing the property, a broker says, but did not know its plans at press time.

MIAMI-The 11-story Dadeland Executive Center here consists of approximately 65,000 sf of class B office space and a four-story parking garage. Built in 1982, the building is about 88% occupied.

MIAMI-The facility here represents a change in plans for the powerboat manufacturer, which ran into difficulties with a planned 75,000-sf build-to-suit facility in Hialeah Gardens. Cigarette paid H&J Properties nearly $5.5 million for the local facility.

MIAMI-Half of the 78 lofts at Aria have sold in less than a month. Prices range from the low $200,000s to the high $400,000s, with penthouses going for upward of $800,000. The project, which will include 7,500 sf of retail space, is being developed by Urbana Development Group.

CORAL GABLES, FL-Patricia Blasi is president of locally based Codina Real Estate Management. She was recently chairman of the ICSC Florida conference in Orlando and has served on other ICSC Florida committees.