MIAMI-Los Angeles-based Investment Real Estate Associates opens on Brickell Avenue to service California clients that are investing here. Meanwhile, Jay Massirman is promoted to become one of nine CB Richard Ellis vice chairmen nationwide.

TAMPA, FL-Humana Medical Plan Inc. signs three 70-month leases for a total 127,324 sf and valued at $10 million at the 919,000-sf Netpark business center here.

PALMETTO, FL-Bradenton-based Beall's Inc. renews its estimated five-year lease for 105,200 sf of warehouse and distribution space at Palmetto Corporate Center at an estimated aggregate rent of $2.1 million. The lease brings the 495,200-sf SI Palmetto Building to 100% occupancy.

TAMPA, FL-The joint venture purchases the 20-building, 89%-leased office/flex property here for $62.63 per sf from another JV, Miami-based Adler Group and New York-based Apollo Real Estate Investors. This was Lutz-GE's first investment in the Tampa market.