PORT ST. LUCIE, FL-Sears is taking over 114,500 sf at Shoppes at St. Lucie West here. After undergoing interior improvements, the store is scheduled to open in the middle of next year. The lease comes with 10 five-year renewal options, the value of which is another $50 million.

WEST PALM BEACH, FL-AMLI Residential Properties, a Georgia-based REIT, enters the South Florida market with its purchase of the 234-unit, class AA community here. The sale price was undisclosed.

MIAMI-John Bell is leaving Cushman & Wakefield, where he served as a senior director, after 15 years. In his new position, he also will work with the Trammell Crow Co.'s Central and North Florida regions to grow its investment practices.

MIAMI-Shaya Boymelgreen, with partners including Africa-Israel Investments Ltd., purchased 25 parcels for $130 million and plan to develop 3.5 million sf of multifamily, office and retail space in the city.

MIAMI-Formerly a vice president and general manager for Turner Construction Co.'s Southwest region, Gary L. Ferguson will be responsible for all pre-construction planning, budgeting, scheduling and contracting for Terra ADI, a South Florida real estate developer based here.

BONITA SPRINGS, FL-A Fort Myers, FL-based private investment group paid approximately $187.07 per rentable sf to Devcon Pelican Bay LLC for the center, which was 100% occupied at the time of the sale.

FORT LAUDERDALE, FL-DSI Sunrise LLC paid about $108,695 per room for the 14-year-old DoubleTree Guest Suites hotel. The company plans to invest millions of dollars in renovations and converting the hotel, located on the Intracoastal Waterway.

KENDALL, FL-The Mediterranean-style community, planned for Downtown, will consist of 555 units in four 10-story towers, with prices ranging from the high $200,000s to the $500,000s. The Aventura, FL-based sales and marketing firm anticipates selling out the project by the end of the year.