MIAMI-The Tarrytown, NY-based shopping center investor is paying Regency Centers of Jacksonville, FL $11 million or $97.35 per sf for the 113,000-sf, 95%-leased Ocean East Mall in Stuart, FL, 100 miles north of Downtown Miami in Martin County.

ORLANDO-About 400 of the two hotel's total workforce of 2,000 are rejecting a new management contract that doesn't guarantee them a 40-hour work week. The 400 workers are members of Teamsters Local 385. The adjoining hotels, totaling 2,267 rooms, are jointly owned by New York-based Tishman Hotel & Realty Corp. and Metropolitan Life Insurance Co.

MIAMI-The 73-unit, Pompano Beach, FL-based restaurant chain posted a 2.9% drop in total revenue of $119.1 million versus $122.6 million in fiscal 2002. The company lost 13.8 million in the comparable nine-month period of 2001.

ORLANDO-The 300-member Central Florida Commercial Real Estate Society is recognizing broker John Crossman's role in transforming a 20-year-old, 50% leased shopping center into a 100%-leased property in eight months, doubling the rent rate.

MIAMI-Pavarini Construction Inc. of Greenwich, CT signs a five-year, 9,686-sf lease aggregately valued at $1.07 million in the 15-year-old, 74,000-sf, class A property, five miles north of Downtown Miami.

ORLANDO-Gov. Jeb Bush was scheduled to sign a bill by Monday that would give qualifying small business owners 90 more days to pay their property taxes in Osceola County where the bulk of the properties are located on U.S. 192 leading to Walt Disney World.

ORLANDO-Osceola County is changing the June 1 deadline and asking developers to submit letters of intent a little earlier than previously scheduled on the planned $100 million, 486,300-sf project.

MIAMI-Douglas E. Driver joins the locally based real estate investment and merchant banking firm as vice president and reports to managing director Timothy E. Martorella.