MIAMI-The Texas-based apartment developer is seeking zoning approvals for residential and commercial uses on a four-acre site on Biscayne Boulevard purchased by an affiliate for $8.85 million or $2.21 million per acre ($50.79 per sf). But the company and the city aren't disclosing the latest round of paperwork on the project.

FORT LAUDERDALE-First American Mortgage Securities Inc. expects to price the issue May 22, with a pass-through rate of about 9%. Fort Lauderdale is 26 miles north of Miami.

BONITA SPRINGS, FL-The locally based developer of luxury single-family and multifamily homes also logs a 39% rise in average contract price on new first-quarter orders. Bonita Springs is 105 miles north of Miami.

FORT LAUDERDALE, FL-Cushman & Wakefield of Florida Inc. hires Michael S. Landy to increase the company's focus in office-leasing markets such as Boca Raton and West Palm Beach, with plans to open a new office. Fort Lauderdale is 26 miles north of Miami.

MIAMI-A pending agreement would give the Miami-Dade Empowerment Trust the authority to negotiate all sales or leases at the 30-acre industrial park.

BOCA RATON-The locally based owner-operator of economy inns attributes its performance to an 8.1% drop in room and related-services revenue. Boca Raton is 42 miles north of Miami.

LA BELLE, FL-Barron's article triggers stock rise of $4.25 to $22.80, company president W. Bernard Lester tells GlobeSt.com. GlobeSt.com reported exclusively in mid-April that Alico Inc. had granted an option to Ginn Development Co on 4,500 acres in Lee County in a deal valued at about $112 million or $24,888 per acre (57 cents per sf). LaBelle is 102 miles west of Downtown Miami.

MIAMI BEACH, FL-American Riviera Real Estate Co., headed by Ronald Bloomberg, wants $1.5 million for a slightly more than a quarter of an acre parcel (12,500 sf) the city needs to complete its prized cultural campus. Commissioners vote on the price today.