ORLANDO-GDC Properties Inc. pays the Clifford Stein Group $2.6 million or $742,857 per acre for a 3.5-acre tract that has sat vacant since Olympia & York Corp. abandoned plans to build a second 400,000-sf office building on the site in 1992.

LEESBURG, FL-A $12-million Florida Turnpike interchange being completed by the federal government is expected to be the impetus for new commercial and residential development around a 119-year-old Indian-named town called Okahumpka, FL.

ATLANTA-The locally based apartment REIT is paying common stock shareholders 45 cents based on an annual dividend rate of $1.80 per share. The developer is also paying regular quarterly dividends on three other share classes.

BARTOW COUNTY, GA-The Osaka, Japan-based manufacturer, with a plant in Cypress, CA, expects to break ground on a $150-million, 150-acre facility here that would hire 350 workers to produce two million tires a year, area industrial brokers in a position to know tell GlobeSt.com.

MORROW, GA-The Clayton County Development Authority is asking the county to back $18 million of a proposed $32-million bond package that would finance the hotel venture in this Atlanta suburb.

ORLANDO-Investors sank $624 million into 45 properties containing 11,085 units in 2003, the strongest multifamily market sales year yet, according to a new analysis by the local office of CB Richard Ellis Inc.

ORLANDO-America Online seeks $1.6 million in damages. The federal court lawsuit filed here alleges Connor Miller Software Inc. of suburban Winter Garden, FL and three area individuals conspired with two Americans living in Thailand to transmit at least 35 million unsolicited e-mails during a nine-month period last year.

ORLANDO-The 64-million-sf industrial market saw negative absorption for the first time in four years as rental rates declined and free-rent incentives increased, according to a new market analysis by the local office of Colliers Arnold.