ATLANTA-Prentiss Properties Trust of Dallas exits the local market with the sale of 10 aging properties totaling 644,355 sf in Cumberland Office Park in northwest Atlanta to Dallas-based Granite Properties.

JACKSONVILLE, FL-A leading provider of construction materials for office, industrial and multifamily projects throughout the Southeast posted net income of $23 million for its third fiscal quarter ended June 30.

ATLANTA-Clearly targeting the meetings industry and business events marketplace, the Downtown Sheraton Atlanta Hotel plans to increase its total meeting space to 83,000 sf when it begins construction of a 33,000-sf conference center addition this month.

ORLANDO-Local developers Tom Ustler and Bill Fagan of Ustler/Fagan Inc. pay an average $93,960 per acre for a total 74.5 prime, mixed-use-zoned acres in the center of suburban Ocoee, a local bedroom community seven miles west of Downtown.

ATLANTA-Dan Granot, former senior managing director in the local office of Insignia/ESG, becomes executive director of Advantis' local office.

TAMPA, FL-PPC Enterprises Inc. of Pinellas County pays Rim Rock of Tampa $2.15 million, or about $43,878 per unit, for the 49-unit, 19-year-old Hampton Place--which received multiple offers in a red-hot multifamily investment market.

NELSON, GA-Area brokers tell GlobeSt.com that what makes this deal unusual is that tiny hamlets are preparing to save green space in their areas before the advent of encroaching nearby developments.

ORLANDO-Locally based ABD Development Co. pays Oak Hill Estates Partnership $13,778 per acre, or about 32 cents per sf, for 2,250 acres where 4,860 townhomes and single-family units will be built around a neighborhood shopping center and 18-hole golf course.