ORLANDO-Locally based Smith Equities Corp. brokered the transaction in which Highland Pointe Apartments LLC paid Highland Pointe Ltd. $43,394 per unit for the 272-unit, 18-year-old property at 7721 Silverpointe Blvd. in southeast Orlando.

ORLANDO-Locally based Commercial Net Lease Realty Inc. plans to pay shareholders a quarterly dividend of 32 cents per share Nov. 15. The dividend represents an annualized rate of $1.28 per share to holders of record on Oct. 31.

TAMPA, FL-The Jackson, MS-based REIT paid $4.9 million, or about $67.36 per sf, for the two-year-old, 72,000-sf, 100%-leased Crown Park Commerce Center in the Tampa International Airport submarket.

ATLANTA-The Toronto-based institution's local division, RBC Centura Banks Inc., leaves its Buckhead location in December to occupy the eighth and ninth floors of the 12-story, 700,000-sf Centergy One building on Fifth Street in Midtown. The company inked a deal for 15 years.

ATLANTA-President and CEO since April, the former hotel executive at Marriott, Interstate and Ramada plans to sell off 19 of the locally based company's 97 hotels and later start buying new properties with fresh partnerships.

SARASOTA, FL-The Cheshire, CT-based manufacturer of fire alarm and security systems plans to occupy the 110,000-sf building at the 5,500-acre Lakewood Ranch mixed-use development in November 2004. About 170 employees will initially staff the facility.

ATLANTA-Far from being categorized as a robust market, the city's 80,000-room hotel inventory, nevertheless, is showing signs of improvement but won't be on solid ground until 2004 and 2005, a new Marcus & Millichap study shows.

TAMPA, FL-On the market for only 83 days, the 76-unit, 21-building Cedar Pointe Apartments at 5409 Temple Palms Ave. was snapped up by Cedar Pointe Apartments LLC of Mascoutah, IL for $2.8 million, or $36,184 per unit.