ATLANTA-After posting a loss of $1 million in third quarter 2002, the locally based company generated net income of $5.3 million, or $1.01 per share, in the third quarter that ended Sept. 30.

WAYCROSS, GA-Outbid on a lease at its Jacksonville, FL plant where it has operated for 50 years, the Atlanta-based mattress manufacturer selected a 42.5-acre industrial park site here where it plans to build a 215,000-sf plant and create 225 new jobs.

ORLANDO-The locally based, 18-year-old retail and office REIT, headed by president and chief operating officer Gary M. Ralston, reports third-quarter funds from operations of $17 million, or 37 cents a share, compared to $14.5 million, or 36 cents per share, in the comparable 2002 period.

EUSTIS, FL-Demolition of the old Florida Hospital Waterman is slated for today and in its place will rise a 20-unit condominium and 20-store retail complex. Revenue from the leases will help fund the new hospital's $25-million-a-year indigent care caseload and to establish the Lake Eustis Institute.

ATLANTA-One of the nation's 10 largest homebuilders, the locally based company finished its fiscal year Sept. 30 with all-time high home closings of 15,409, up 13% from last year; and posted earnings per share of $12.78, up 19% over 2002.

ATLANTA-The 28-story building, within the CNN Center complex, is a partnership of Omni Hotels, Turner Broadcasting System and the local design firm of Culpepper, McAuliffe and Meaders Inc. The 600-room addition to the existing 467 room hotel opens Nov. 10.

ORLANDO-Wells Real Estate LP Fund XIII and Fund XIV of Atlanta jointly pay the Alter Group of Chicago $11.7 million, or $142.37 per sf, for two one-year-old, 100%-leased assets totaling 82,175 sf in the 400-acre Quadrangle Corporate Center adjacent to the University of Central Florida.

ORLANDO-The local office of Atlanta-based Primary Capital, headed by Todd F. Cohen, arranged $8.9 million in financing for two properties that sold for a total $11.4 million in St. Augustine and Largo, both in Florida.