ATLANTA-The 35-story development will feature 443 condominiums and 38,000 sf of retail space. It is the second proposed metro development to come to light in recent days.

SUGAR HILL, GA-About 25 miles northeast of Downtown Atlanta, Pecos Management LLC purchases the 11,336-sf property for $2.78 million and a 7.3% cap rate.

RALEIGH, NC-A lag in new construction and strong demand by big-user tenants drops vacancy by 70 basis points to an average 15.3% in the 38.5-million-sf Raleigh-Durham office market.

CORAL GABLES, FL-Miami-based American Ventures Realty Investors and New York-based Investcorp realize a 50% return in two years on the 220,000-sf, 91%-leased suburban Miami office property.

CORAL GABLES, FL-Miami-based American Ventures Realty Investors and New York-based Investcorp realize a 50% return in two years on the 220,000-sf, 91%-leased suburban Miami office property.

TARPON SPRINGS, FL-The 96-unit Cypress Place Apartments, Motorsports of Fort Myers Inc.'s retail building and Laurel St. Commerce Center in Tampa are sold.

ATLANTA-Equity Office Properties Inc., exiting the Atlanta market, contracts to buy Frost Bank Tower, the tallest building in Austin, TX for $188 million. Cousins contracts to buy Equity's 191 Peachtree Building in Downtown Atlanta for $153 million.

MIAMI-Panalpina Inc. leases 192,426 sf at Building 10 and Freight Logistics rents 35,160 sf at Building 6 within the three-building, 600,0000-sf business park.