NORTH MIAMI, FL-Tarragon Realty Investors Inc., which paid $3.3 million for the 90-unit property in April 1995, sold it at a $6.1 million gain. Keystone, based in Miami, paid about $114,444 per unit.

MIAMI-Henry Pino has left BAP to start Strategic Properties Inc. He is pursuing targeted urban in-fill mixed-use development opportunities. Strategic Properties has two mixed-use projects in the planning stages.

SUNNY ISLES BEACH, FL-The city has approved the $240 million, 248-unit Jade Beach tower. Colonial Bank is providing the $17 million land loan. The project's sales center is set to open this fall.

FORT LAUDERDALE, FL-The firm, which recently finished more than $20 million in projects at Holy Cross Hospital here, now is building out two cardiac catheterization labs at the hospital's Jim Moran Heart & Vascular Center.

MIAMI-The rise in asking rental rates is expected to continue next year, while class A property vacancy rates are expected to stay in the low double digits and class B/ C property vacancy rates should stay below 5% in 2004, according to a new report by Grubb & Ellis.

MIAMI BEACH, FL-Net earnings for the third quarter were $30.3 million, or $1.01 per share diluted, after a one-time charge of 22 cents per share diluted, compared with $53.7 million, or $1.54 per share diluted, for the 2002 third quarter.

FORT MYERS, FL-Word of Life Ministries bought the three-building, 60,000-sf complex from Deutsche Bank. The complex, vacant since 1998, will house the organization's headquarters, a sanctuary and other church-related offices.

MIAMI-In South Florida, the company also hired Millie Munoz as a property manager, Dominic Montazemi as a financial analyst and Mary Rojas as a human resources coordinator, in addition to promoting Allison Smith to research analyst.