Data collected by Miami-based Integra/AREEA Inc. show 196 majorbuilding loans totaling $1.38 billion recorded during the firstquarter of 2000 in Miami-Dade, Broward and Palm Beach counties. Thebest previous first-quarter performance in 1998 covered 164 loanswith a closing total of 816.2 million.
The bulk of this year' fundings,$637.8 million, covered newapartment ventures—nearly double the $320.5 million made in thecomparable 1999 period. Building loans on shopping centers rose to$213.9 million from $141.9 million in 1999's first quarter.
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