ORLANDO-The 38-year-old, Fort Lauderdale, FL-based university with 900 fulltime Orlando area students is building a 60,000-sf structure in south Orlando between the 1.3-million-sf Mall at Millenia and Universal Orlando.

ORLANDO-Ronald J. Rogg, vice president/investment properties in the Orlando office of CB Richard Ellis Inc., will head the local team dealing exclusively with institutional investors.

ORLANDO-Florida Investment Properties LLC, a subsidiary of Englewood, NJ-based Sarna Enterprises, paid foreign-controlled Veard-Winter Park Ltd. $6.75 million or $36,685 per unit ($38.06 per sf) for the 34-year-old, 184-unit, 94%-leased La Aloma Apartments, 3040 Aloma Ave.

ORLANDO-Bray & Gillespie VII LLC of Daytona Beach, FL paid Chicago-based Jupiter Realty Corp. $39,063 per room for the 128-room property built in 1958 at 839 S. Atlantic Ave., an area where American industrial giants such as John D. Rockefeller, Henry M. Flagler, Jacob Astor and Jay Gould vacationed in the early 1900s.

ORLANDO-Striving to link the north and south ends of fashionable Park Avenue in suburban Winter Park, FL, Lincoln Property Co. of Florida Inc. plans to break ground in December on a renovation track that will increase the 32-year-old, six-story structure to 88,000 sf of office and 14,000 sf of retail for a total 102,000 sf.

ORLANDO-Institutional buyers sank $399 million into Central Florida investments in the first six months of the year versus $590 million in the comparable 2001 period, a new Grubb & Ellis Co. market survey shows.

ORLANDO-New York-based Teachers Insurance Annuity Association paid Heitman Financial of Chicago $41.15 million for The Pointe, a 20-year-old, 94%-leased, 249,000-sf structure at Rocky Point in Tampa's recovering Westshore district.

ORLANDO-Companies filing for protection under the U.S. Bankruptcy Code are vacating large chunks of space in south Orange County's 6.8 million-sf market where 65 properties are located south of the East-West Expressway. The bad news follows the third-quarter office market vacancy level of 19.7%.