BONITA SPRINGS, FL-The locally based developer of multi-story luxury shelter selects Michael Saunders & Co. to sell 76 condominium units in a planned 17-story high-rise next to the Ritz Carlton Sarasota. Bonita Springs ix 120 miles west of Downtown Miami.

MIAMI-The locally based real estate investment, finance and management company adds to an original issue of $100 million first underwritten in January 1999 by Deutsche Banc Alex. Brown.

MIAMI-The Miami City Commission has approved a major-use special building permit for the Brickell Avenue area condominium high-rise, tentatively called Brickell View. The estimated hard construction cost is $50 million.

MIAMI-A buyer's market and ongoing rent incentives to attract and retain tenants from 1984 through 1999 pulled down cash flows and slowed projected profits, the partners in KFP 85 Ltd. disclosed in a Securities and Exchange Commission report obtained by GlobeSt.com. The Pappas family and Fred Stanton Smith, KFP principals, are big names in South Florida real estate circles.

MIAMI-Boca Raton-based Miami One Centre Development Co. wins OK on building permit changes for a 29-story office tower, a 38-story apartment complex and a five-story, 1,485-space parking garage on the last developable land parcel Downtown.

CORAL GABLES, FL-The Houston-based investor/developer paid an estimated $20 million for the 100,000-SF First Union National Bank building and two smaller structures on a 3.2-acre site near this affluent city's Miracle Mile shopping corridor, just south of Downtown Miami.

FORT LAUDERDALE, FL-The locally based developer is expected to open 2,500 linear feet of parallel dock space around March 1 at this mixed-use residential community 28 miles north of Miami.

FORT LAUDERDALE, FL-The subsidiary of Atlanta-based BellSouth Corp. is leasing 47,400 sf for an estimated 10 years at an estimated aggregate rent of $6 million in a single-story, 50,000-sf building at 2001 NW 64th St. The 48-acre office park is 38 miles north of Downtown Miami.