ATLANTA-Centennial Lakes Partners LLC tells the Cherokee County planning and zoning department its 165-acre Centennial Golf Club property is losing money and the development of condominiums, townhomes and other shelter components would be a better fit for the site.

ORLANDO-More than $1 billion in new development is planned for an unincorporated area located in four counties, 15 minutes from Walt Disney World. National retailers, such as Wal-Mart Stores Inc., are following new subdivisions eager to capitalize on a new market, area brokers tell GlobeSt.com.

ATLANTA-The locally based apartment REIT will be paying common stock shareholders of record on Sept. 30, 45 cents per share on Oct. 15. The company's annual dividend rate is $1.80 per share. Post is also paying third-quarter dividends on four cumulative redeemable preferred stock programs.

ORLANDO-Fidelity National Title Insurance Co. of New York forms an interval ownership department in its local office to provide underwriting and other real estate support services for timeshare properties in Florida.

ORLANDO-The locally based time share developer renews a 10-year, 37,906-sf office lease at Flagler Development Co.'s 835,000-sf Gran Park at SouthPark. Flagler signs four other new leases on estimated five-year terms for a total 65,339 sf, bringing the park to 90% occupancy.

ATLANTA-Sally W. Elliott is the new senior vice president for the Houston-based firm's Eastern Division. She will direct property management, construction management and engineering activities for PM in the city, Florida and North and South Carolina, overseeing 100 employees and a portfolio of six million sf.

ATLANTA-New Orleans-based Al Copeland Investments is also putting its Improv Comedy Club into 8,000 sf at developer Jim Jacoby's $2 billion, 138-acre mixed-use Midtown redevelopment scheduled to open in late 2004.

ST. PETERSBURG, FL-Colliers Arnold broker John F. Gerlach brings the 46,000-sf Roosevelt Lakes office building up to 96.7% occupancy before selling the facility and 9.2 acres for locally based owner Industries Training Corp. for $5 million. The deal took only four months to do.