ORLANDO-Beat Kahli gets an OK to build 1,000 more homes, or 209 fewer than he requested. In return, Kahli agrees to create 185,000 sf of light industrial space, a reduction from his original plan for 250,000 sf.

ATLANTA-The former head of real estate operations for locally-based Lend Lease Corp. will direct Wells Real Estate Funds' acquisitions, dispositions, property management, construction and leasing groups.

ORLANDO-Local multifamily developer Alan Ginsburg pockets $2.3 million in cash; $2.58 million in preferred stock; and gets options to buy another $700,000 of common stock. Tarragon adds $31 million in land assets to its books and $25 million of pre-existing partnership debt.

LAKELAND, FL-The Southfield, MI-based REIT is redeveloping and expanding its 174,000-sf Shoppes of Lakeland shopping center here to 300,000 sf. The new Target department store will occupy 126,000 sf. The property is 60 miles south of Downtown Orlando.

ATLANTA-The locally-based REIT pays Atlanta developer Griffin Co. $10 million, or $198.41 per sf, for the third and final 50,400-sf phase of the three-building, 289,000-sf Mount Vernon Place corporate campus leased to Internet Security Systems Inc.

ATLANTA-B. Michael Merritt, president and CEO of the 78-year-old company's construction subsidiary, Abrams Construction Inc., resigns after the locally-based real estate investment and development company probes job-bidding irregularities.

ATLANTA-Newland Communities of La Jolla, CA is developing 16 acres of commercial, 200 townhomes and apartments, and 1,600 single-family residences on an 894-acre tract in Hall County that could have a build-out value in 10 years of about $600 million, according to area brokers.

ATLANTA-Locally-based Jeffco Investment Properties plans 73 acres of commercial space, 92 apartments and 437 single-family homes on 290 acres located on a 555-acre tract 60 miles northeast of Downtown Atlanta, according to papers filed with planning officials in Jefferson City, GA.