MIAMI-Nearly 50 applicants have pre-registered as possible bidders on a plan to develop a valuable parcel of city-owned property on Watson Island--an 86-acre artificial island adjacent to the Port of Miami cruise ship turning basin.

MIAMI-Developers of a proposed 26-story, 359-unit rental project in the exclusive Brickell Avenue submarket encountered substantial opposition ever since the project's debut two years ago. Density is the issue.

NORTH MIAMI BEACH, FL-The locally based real estate investment trust reports a 17.2% increase in net income on a 21.3% rise in revenue from the 33 commercial properties its owns and 28 properties it manages. North Miami Beach is 11 miles north of Miami.

SANIBEL, FL-LRE Properties, a subsidiary of the Boston-based Liberty Mutual Insurance Co., is selling the 242-room Sanibel Harbour Resort & Spa and the 107-room Boutique Inn for an asking price of $272,206 per room, brokerage sources familiar with the deal tell GlobeSt.com on condition of anonymity. Jones Lang LaSalle won the exclusive marketing contract. Sanibel is 126 miles west of Miami.

MIAMI-Florida Senate Appropriations Committee votes 16-2 for a proposal to rebate state sales tax dollars to help finance construction of a new ballpark for the National League's Florida Marlins.

BOCA RATON, FL-The locally based owner of luxury resorts and entertainment-sports businesses reports a 19% drop in net income and a 17% drop in total revenue. Boca Raton is 42 miles north of Miami.

MIAMI-One-stop provider of financing for the retail petroleum market closes third major deal this year, underwriting the $17.4 million sale of Gillespie Oil Co. to AmeriStop.

FORT LAUDERDALE, FL-The publicly traded developer and operator of lodging facilities now predicts it will meet or exceed the annual stock forecast for 2001 on unanticipated first-quarter growth. Fort Lauderdale is 26 miles north of Miami.