BONITA SPRINGS, FL-The developer, based here, expects the conversion of reservations to contracts at three tower sites in Perdido Key--as well as the whole process for the three buildings--to be delayed one or two quarters. But the company also expects orders to increase at least 50% in the third quarter, compared with the same period in 2003.

MIAMI-Five companies signed deals recently at the 2.3-million-sf, class A business park here, the largest of which is BR 1 America's 15,654-sf industrial lease. Other tenants to sign include Wal-Mart and Honeywell International. The deals are estimated to be worth more than $1 million total.

MIAMI-Upton's formerly occupied the 203,643-sf, class A industrial facility, which now sits empty. CB Richard Ellis plans to lease the building as soon as possible to one or more tenants, according to a broker involved.

PLANTATION, FL-Mercede Realty Associates of New York paid $111.11 per sf to a local investment partnership for the approximately 135,000-sf park, which has a total of seven office and retail buildings.

FORT LAUDERDALE, FL-The purchase of Boulevard Square, to be renamed Colonial Promenade Boulevard Square, marks the Birmingham, AL-based REIT's fourth retail acquisition in South Florida since August. The company is looking for additional properties in the area as well.

FORT LAUDERDALE, FL-Canadian developer Lakeview Homes Inc. has started construction on the project, the Villas of Coral Heights, its first project in Florida. Its 68 units are expected to be completed by September 2005.

MIAMI-The developer received the financing for the 356-unit, three-story community through New York Life Investment Management. The new project here is more than 80% occupied.

MIAMI-Flagler Development Co. expects to pull permits soon for a 200,000-sf warehouse and also plans a 160,000-sf warehouse determined by market demand. There is interest in both buildings, according to Flagler, which has little inventory left at South Florida's largest business park.