MIAMI-The Charlotte, NC-based real estate investment trust joins locally based BAP Development in a second venture to build a 36-story, 323-unit, $56 million luxury condominium project in an exclusive Downtown market.

NORTH MIAMI BEACH, FL-The Houston REIT negotiates a standstill agreement with Southwest Securities Inc. until Equity One of North Miami Beach, FL completes a proposed $155 million buyout of United Investors Realty Trust.

MIAMI-The value of the deal wasn't disclosed. Locally based Lennar Corp. expects the affiliation with the Walnut, CA-based insurance carrier will streamline its closing services on single and multifamily sales.

PALM BEACH GARDENS, FL-The locally based commercial general contractor enters an expansion mode as demand increases and five-month contract volume soars to $175 million.

MIAMI-The locally based real estate investment trust discloses a need to redeem a number of its outstanding shares of common stock to comply with federal tax laws.

NORTH MIAMI BEACH, FL-The locally based REIT is offering a cash-stock-debt deal valued at $155 million for 25 retail properties in Florida and Texas. Shareholders of both companies still have to approve the transaction.

MIAMI-Two locally based Southern Facilities Development companies pay $9.25 million or $57,813 per unit ($52 per sf) for the total 160 units in side-by-side Blue Seas Apartments and Ridgewood Apartments in the airport west/Doral submarket in west Miami-Dade County.

MIAMI BEACH, FL-American Riviera Real Estate settles for $120 per sf in response to an eminent domain action over the site of a proposed regional library here, five miles east of Downtown Miami.