PALM COAST, FL-GMAC Commercial Mortgage Corp. arranged the floating-rate construction financing for the developer's 88-unit, 135,000-sf Admiral's Cove Condominiums located off US A1A in this city. National City Bank was the lender.

ATLANTA-Stockbridge Village, a 98.6%-leased, 188,000-sf property, anchored by Kroger, was purchased for about $120 per sf or a total $22.6 million, according to area retail brokers familiar with the asset.

EDGEWATER, FL-The Birmingham, AL-based firm arranges a seven-year, $21-million new mortgage for the Hacienda Del Rio Manufactured Home Community through JPMorgan Investment Management at a 4.76% interest rate. The refinancing was done without a prepayment penalty.

GAINESVILLE, GA-Concerned by growing residential opposition to its planned 750,000-sf twin-towers venture, the New York-based developer withdraws its requests for a rezoning and annexation of the 10.6-acre site on Lake Lanier.

JACKSONVILLE, FL-In their first partnership deal, AMC Delancey Group Inc. and Paramount Hotel Group plan to re-open the 167-room property in September as the Radisson Hotel Jacksonville-Butler Boulevard.

ATLANTA-The 15-year lease signed by the Fort Lauderdale, FL-based retailer has an estimated aggregate value of $15 million and brings park owner McDonald Development Co.'s four-month leasing mark to 529,400 sf.

ATLANTA-Edward H. Guilbert III, a former manager in Dallas-based Archon Group's loan asset management division, becomes an associate asset manager at privately held WestWind Capital Partners.

ORLANDO-In the most unconventional office building sale of the year, Colliers Arnold senior broker Michael Caridi sold a single-story, 3,532-sf structure, occupied by H&R Block, for $935,000--after the owner had it listed for $850,000 and the appraisal came in at $350,000.