ATLANTA-The New York-based urban retail developer paid $38.71 per sf for the 33-year-old asset to ownership partners Simon Property Group of Indianapolis, IN; O'Leary Properties Inc., Atlanta; and Nomura Asset Capital Corp. of New York.

ATLANTA-The 28-year-old, privately held Woodstock, GA-based builder posted 2002 revenue of $244 million on 1,872 sales versus the 46-year-old, publicly traded, Los Angeles-based company's sales of $5 billion on 25,565 shelter contracts.

ATLANTA-The structurally defective $3.5 million, 521-car building at the Doraville station will be torn down and temporarily replaced with a 192-space parking lot after the agency's new group of engineers noticed warped concrete columns in the garage.

ORLANDO-An indication of what is happening to Orlando industrial prices is the $827,540 purchase by the BMW auto dealership of two prime acres in Orlando's largest business park for $9.49 per sf, down from the $11.48 per-sf price Fields paid for one acre three years ago.

ATLANTA-The McLean, VA-based company is shooting for an August debut of the 252-room hotel and 21,000-sf conference center in Midtown where the Georgia Tech Global Learning Center will adjoin the complex.

ORLANDO-The Central Florida chapter of the Building Owners and Managers Association also gave annual TOBY and BOCA awards to six office buildings picked as the best-managed properties in metro Orlando.

TAVARES, FL-PERI Formwork Systems Inc. has outgrown its 2.5-acre plant in Orlando and wants to buy 10 acres for about $350,000 (80 cents per sf) at the 733-acre Christopher C. Ford Industrial Park near Groveland, FL, 25 miles west of Downtown Orlando.

ATLANTA-Health club developer Donald Whitney is expected to re-submit plans in six months for a 900-acre, 100-home complex for disadvantaged children near Callaway Gardens, GA that would include an 8,000-seat amphitheater, shops, hospital and public recreational facilities.