FORT LAUDERDALE, FL-Construction is ready to begin on Las Olas City Centre in this city's Downtown area. Stiles Corp., which heads the development team and will handle all aspects of the venture, has preleased a substantial chunk of the new high-rise to Bank of America.

MIAMI-As Terremark Holdings, the locally-based builder had been privately-owned and profitable for 20 years prior to its merger with publicly-traded AmTec Inc. For the first quarter following the merger, the company has reported a loss of $5.5 million on revenue of $1.8 million.

WEST PALM BEACH, FL-With this city's Downtown office space renting for an average of $32.52 per sf, buyers of the Commerce Center building at 324 Datura St. plan to market their property as an affordable alternative in the CBD marketplace at about $20 per sf.

PALM BEACH GARDENS, FL-Catalfumo Construction & Development seeks $40 million in damages and another plaintiff is asking for $5 million against two residents who are challenging the need for an expanded water management and retention system near their homes.

MAIMI-It took eight months, but all the concrete for the base of the planned 63-story, 297-room Four Seasons Hotel and Tower has finally been poured. The amount of concrete used would have paved 128 miles of sidewalk.

NAPLES, FL-Next to residential construction, retail development is the hot real estate market in Southwest Florida. So far this year, 420,000 sf of new shopping center space has been completed in Collier and Lee counties with several more projects in the works, about 120 miles west of Miami.

LANTANA, FL-It won't make headlines in the supermarket tabloids, but the complex in this central Palm Beach County community that has headquartered the National Enquirer is reportedly being sold by its corporate parent at a 36% discount from the original asking price.

NORTH MIAMI BEACH, FL- Randell A. Smith, CEO of Smith Travel Research, remains bullish on profitability despite ongoing fuel price increases, a turbulent stock market, rising interest rates and tougher competition for traveler spending.