MIAMI-When the Federal Reserve raised interest rates for the 17th time in a row on June 29, many questioned how the rate hikes would impact the real estate market.

MIAMI-Lennar Developers Inc. will break ground on the 274-unit Park Towers at Colonnade in early 2007. Park Towers is the sister project of the Colonnade, which is already under construction.

ATLANTA-Birmingham, AL-based REIT Colonial Properties Trust sells a large interest in the Colonial Center at Mansell Overlook office park to UBS Wealth Management.

ATLANTA-Birmingham, AL-based REIT Colonial Properties Trust sells a large interest in the Colonial Center at Mansell Overlook office park to UBS Wealth Management.

NORTH MIAMI BEACH-Boca Raton-based investment firm Woolbright Development Inc. acquires the Intracoastal Mall for $48 million. The firm now owns 25 retail properties in Florida.

FORT LAUDERDALE-Crosswinds Florida Inc. is scheduled to break ground in the fall on a 72-unit loft community at 700 NE 4th St. called Village Lofts.

MIAMI-London-based Strategic Real Estate Advisors launches its US operations with the opening of an office at the Espirito Santo Plaza building on Brickell Avenue.

MIAMI-London-based Strategic Real Estate Advisors launches its US operations with the opening of an office at the Espirito Santo Plaza building on Brickell Avenue.