SUNNY ISLES BEACH, FL-The Related Group of Florida Inc., headed by Jorge Perez, has broken ground on Ocean III, a $61 million, 215-unit, 37-story venture with individual units priced from $700,000 to $3 million. The project is expected to rival Miami Beach and Fort Lauderdale projects for the first time. Sunny Isles Beach is eight miles north of Downtown Miami.

BOSTON-A recent seminar hosted by the National Association of Industrial and Office Properties indicates that the area is not offering real estate investors many opportunities. Sellers here are not willing to drop their prices and investors may consider taking their cash elsewhere.

ORLANDO-Going after the area's big hitters, the Orlando office of Atlanta-based Advantis Real Estate Services Co. has lured eight of the area's top brokers to its camp since opening for business three months ago.

LONDON- J Sainsbury Developments and GD Estates are about to start work on two office buildings totalling 93,000 sf on a very prominent site at Junction One of the M3 motorway in Sunbury, south-west London.

LONDON-Three lettings totalling 80,000 sf at the Globeside business park in Marlow, Buckinghamshire show confidence is returning to the beleaguered Thames Valley market.

WALTHAM, MA-Deaconess-Waltham Hospital here is trying to stay afloat despite its financial struggles but its fives acres of land is catching the eye of its neighbor across the street, Brandeis University. The 243-bed hospital is a member of CareGroup.

FAIRFAX, VA-Locals will welcome a new restaurant as JBG Rosenfeld Retail secures a lease on the building formerly occupied by the Black Eyed Pea. Contemporary American restaurant Rhodeside Grille will open its second location in the 4,500-sf structure.