ALPHARETTA, GA-The biggest project of its kind in the history of this suburb has to wait until Sept. 15 for a green or red light from elected officials in this municipality, 30 miles north of Downtown Atlanta.

ORLANDO-Despite a continued economic slowdown and a fractionally lower occupancy level (90.3%), the city continues to attract national investors to its inventory of 146,802 apartment units, the Apartment Group says in a mid-year industry analysis.

ATLANTA-The government-owned and university-owned and occupied property area could open a new revenue stream for the locally based REIT, says David Steinwedell, chief investment officer, Wells Real Estate Funds.

TAMPA, FL-Hidden River Grande Apartments LLC, owner of the 29-building, 232-unit Hidden River Grande Apartments, will use some of the money to renovate the 20-year-old community in the Temple Terrace area of the city.

ATLANTA-The Cedarhurst, NY-based firm, through its Spartan Properties LLC subsidiary, has signed a contract with an undisclosed seller to acquire a 501-unit garden apartment complex 15 miles north of Downtown in Cobb County.

ATLANTA-Blue Capital Investments Inc. of Hamburg, Germany and locally based Boss Properties LLC have formed Blue Capital Management to manage and lease the 17-story, 305,000-sf Platinum Tower at 400 Interstate North Parkway in the city's northwest submarket.

ORLANDO-Bryan Burns, a former market research analyst with Grubb & Ellis Co.'s local office and research associate for the past year in C&W's local office, moves to the firm's Valuation Services Advisory Group.

ORLANDO-Despite rising vacancies (9.5%) and a slowdown in new apartment construction, a Marcus & Millichap mid-year study predicts a 2.4% increase in total employment over the next 12 months will rejuvenate demand in the apartment sector.