PLANTATION KEY, FL-A trial court judge says the Monroe County Commission unlawfully prohibited property owners from developing a residential resort during the 1980s in northern Key Largo, 48 miles south of Miami in the Florida Keys. The ruling is expected to be used by individual property owners across the country in their battles with local governments over seized land.

CORAL GABLES, FL-Ibex Construction Inc. has broken ground on a 200,000 sf Nordstrom Inc. department store in Village of Merrick Park, an 850,000-sf Rouse Co. venture in Coral Gables, FL. The estimated hard cost of the Nordstrom store is $25 million, industry estimators tell GlobeSt.com.

FORT LAUDERDALE, FL-The Chicago firm's 11-story, 165,626-sf First Fort Lauderdale Place is 30% vacant in a Downtown Fort Lauderdale submarket asking average rents of $25.50 per sf. The property is 26 miles north of Downtown Miami.

CORAL GABLES, FL-The locally based provider of goods and services to the hospitality industry also sells it Orlando distribution facility, as first-quarter net income drops by nearly 95% and revenue falls by almost 23%.

BOCA RATON, FL-The Atlanta-based developer renegotiates terms of a $12 million loan on a 192,187-sf retail site in this Palm Beach county city, 42 miles north of Miami.

MIAMI-The Miami-Dade Housing Agency is negotiating a multimillion contract with Related to construct a new agency headquarters building adjacent to the county's elevated, rapid-transit system.

PALM BEACH GARDENS, FL-The locally based real estate investment trust posts increases its second-quarter funds from operations, net income and revenue.

BOCA RATON, FL-The locally based developer and marketer of timeshare resorts arranges a 364-day revolving timeshare receivables purchase plan with Credit Suisse First Boston serving as the agent.