MIAMI-The high-end leisure resort operator posted net income of $16.21 million or 40 cents per diluted share for the third quarter of fiscal 2001 that ended March 31. The company did $26.6 million or 64 cents per share in the comparable 2000 period.

ORLANDO-The locally based restaurant company and the tribe jointly broke ground today on Indian reservations with a 90,000-sf complex in Tampa, FL and a 115,000-sf project in Hollywood, FL.

MIAMI-Boston-based Metropolitan Properties of America bought the 27-story, 272-unit apartment development for client MPA Brickell Key LLC in December 2001 for $61.6 million cash or $226,471 per unit.

ORLANDO-Manuel A. "Manny" Garcia, one of the area's most successful culinary entrepreneurs, and Larry Stuart, former regional food/beverage director, Lowe's Hotels will operate the four restaurants as the Garcia-Stuart Hospitality Alliance.

MIAMI-The 19-story, 199-unit Neo Lofts at 10 SW South River Drive will be priced from $118,000 to $425,000 and is being erected at a development cost of $175,899 per unit.

ORLANDO-It's a numbers game in the multifamily market. For instance, six-month statistics from Charles Wayne Consulting Inc. of Maitland, FL show the area's 139,368 units are at 89.3% occupancy. But three-month numbers from M/PF Research Inc. of Carrollton, TX put occupancies at 92.2%, still down from 95.1% in December 2001.

ORLANDO-The 20-year-old, 919-room hotel, two miles from the front gate of Walt Disney World, staved off a May 1 public sale by filing for protection from its creditors under the U.S. Bankruptcy Code.

ORLANDO-The governing board of the 64-year-old, five-story, 325,000-sf acute care hospital in Eustis, FL, 30 miles northwest of Downtown Orlando, plans to give the 14 acres to a community trust for redevelopment in the central business district of the lakefront city of 16,000 permanent residents.