MIAMI-The locally based homebuilder plans to use the proceeds to pay down revolving credit debt and for general corporate purposes.

JUNO BEACH, FL-Two of the largest energy producers in the country advised last month merger talks hit an obstacle over governance structure and value-related issues. FPL operates Florida Power & Light Co. from offices in Juno Beach, 77 miles north of Miami.

MIAMI BEACH, FL-Discussions continue over the possible acquisition of an $11 million warehouse in the city's Wynwood community, but the developer is considering other sites for the back-lot unit of a proposed $153 million movie-TV-music studio project.

MIAMI-The legendary Miami developer buys a prime 2.5-acre platted parcel on Biscayne Bay for $16 million or $6.4 million per acre ($146.92 per sf) six months before the seller unloads an adjoining 2.5-acre site for $19 million or $7.6 million per acre ($174.47 per sf).

FORT LAUDERDALE, FL-The proposed deal for Bonaventure Country Club and its two 18-hole golf courses collapses over alleged environmental and title problems. Fort Lauderdale is 26 miles north of Miami.

MIAMI-Industry sources familiar with the deal tell GlobeSt.com, on condition of anonymity, that Telefonica Data Corp. signed a 15-year, 173,000-sf lease at about $13 per sf in the 100-acre LightSpeed Miami Center.

MIAMI-The $25 million, nine-story, 123-foot tall building, just north of Miami International Airport, does not exceed Federal Aviation Administration obstruction standards, the agency rules.

MIAMI-The proposal would authorize a statewide vote on a constitutional amendment to exempt from property taxes those Florida airports and seaports owned by municipal governments or special-taxing districts.