ORLANDO-Capital Development Group of suburban Altamonte Springs, FL pays motel owners Pushpa and I.C. Bhavscar about $3 million, or $17 per sf, for the four-acre property on Mills Avenue, two miles east of Downtown. A 28,000-sf medical office building is in the works.

ATLANTA-Belinda Sward comes to locally based Newland Communities from Robert Charles Lesser & Co., a locally based consulting firm where she worked for 19 years, most recently as managing director.

ORLANDO-Lincoln Property Co. and locally based Battaglia Group are developing 210,000 sf of class A product for the Chicago-based Pritzker Family which is creating an 1,100-acre mixed-used community on the site of the former Orlando Naval Training Center, three miles east of Downtown.

ATLANTA-Focus Development Inc. of Buckhead, GA has a contract to buy the 15-acre, 44-year-old, privately owned Mathis Airport in south Forsyth County for $2.53 per sf, about 20 times more than it might have fetched only 15 years ago, area brokers tell GlobeSt.com.

ATLANTA-Todd Perman, former regional sales manager of Stryker Communications, will head the new sector, Healthcare Realty Group. Lee Whitfield, former regional director for Co-Star Group, joins Bull Realty's investment property division.

LAKE MARY, FL-The Toronto-based financial services company pays the Charlotte, NC-based developer $15 million for Primera IV, a five-year-old, four-story, 124,000-sf, class A property here.

ATLANTA-The Post Properties, Inc. posted fourth-quarter net income of $5.8 million or 15 cents per share and year-end net income of $2.7 million or seven cents per share.

MAITLAND, FL-The Orlando division of the Chicago-based firm lured a 55,000-sf Downtown Orlando tenant at Bank of America Tower into 67,000 sf at its managed Maitland Colonnades building in this suburban city where 350 jobs went with the move.