ST. AUGUSTINE, FL-Florida East Coast Industries Inc., the largest commercial and industrial conglomerate in the state, lost $61.4 million in fiscal 2001 compared to a profit of $25.8 million in 2000. But the company's real estate division logged record revenue. Spec development is out for now.

ORLANDO-The Austin, TX-based developer convinced the Orlando-based international financial software manufacturer to move into, a one-year-old, 196,000-sf structure that rose to 91% occupancy with the 10-year PaySys lease.

MIAMI-The Baltimore, MD-born former corporate raider made his first million in real estate before going on to accumulate a company-acquistion fortune once valued by financial trade publications at $4 billion. Posner died of complications from pneumonia while being treated at the Miami Heart Institute yesterday (Feb. 11).

ORLANDO-Occupancy among the area's 132,000 units fell to 92% from 93.2% in 2000, a new study by the Orlando office of CB Richard Ellis Inc. shows. Construction slowed to 6,800 new units compared to 13,900 units delivered in 2000.

ATLANTA-The Boca Raton, FL-based real estate investment firm paid Ravinia Three Associates LP $125 million cash or $155.09 per sf for the 10-year-old, 31-story, 805,972-sf trophy office building in Atlanta's central perimeter submarket. The going replacement cost in the local real estate market has been tagged at $200 per foot.

LEESBURG, FL-George Pringle, a principal in Pringle Development Co., was recognized for his community and philanthropic efforts while constructing about 3,000 homes in six subdivisions.

RIVIERA BEACH, FL-The property's cargo business is growing but the county is stymied in trying to land a cruise ship tenant for a long-term lease.

JACKSONVILLE, FL-Wachovia Securities of Atlanta handled the private placement of a series of senior notes maturing from three to 10 years. The money will be used to reduce other debt and for general corporate purposes.