FT. LAUDERDALE, FL-Citing concerns regarding current absorption levels in Broward County for larger buildings, Mid-America Management Corp. has dropped the sale price of the Chromas facility in Fort Lauderdale by $1 million.

MIAMI- Shavout Realty Ltd. has purchased a 15-story office project from WRH Royal Ltd. for $8.45 million, a premium of $5.45 million above what WRH Royal paid in 1997.

MIAMI-A $30 million renovation of the Dadeland Mall will provide an economic "shot in the arm" for Miami-Dade County, according to an official from the mall's owner, IN-based Simon Property Group.

MIAMI BEACH, FL-Saying that B and C level apartments may prove to be a more stable investment in a weak economy, CMS recapitalized the portfolio of apartments owned and operated by Fifteen Group of Miami.

FORT LAUDERDALE, FL-Michigan-based Ramco-Gershenson Properties Trust has acquired Shenandoah Square Shopping Center in suburban Davie for $16.3 million.

MIAMI-Hasam Realty Ltd. has sold the Diplomat Mall in suburban Hallandale Beach to 17070 Collins Avenue Shopping Center Ltd. and R.K. Hallandale Ltd. for $19.1 million.

FORT LAUDERDALE, FL-Touting luxury condominiums that will feature a "sophisticated Manhattan lifestyle" with a view, New York-based Omni Development Co. has begun construction on a 42-story building complex that will be the tallest in the city.