ORLANDO-Locally based CNL Hospitality Corp. pays Marriott International Inc. $130 million or $992 per room for the 22-year-old, 1,310-room Waikiki Beach Marriott Resort, directly across from the world-famous Waikiki Beach in Honolulu.

ORLANDO-Rising vacancies and softening rents still aren't convincing building owners to lower sales tags on their assets, a selected group of lenders, brokers and appraisers tell GlobeSt.com. The result: fewer deals are being done and even fewer are in the works.

ORLANDO-The nation's largest defense company is leasing 21,716 sf at 100 Gran Park, a 100,000-sf Flagler Development Co. office project in south Orlando. The Bethesda, MD-based contractor is also reporting a second-quarter 243% jump in profit to $144 million from $42 million in the same 2000 period.

ORLANDO-The nation's largest defense company is leasing 21,716 sf at 100 Gran Park, a 100,000-sf Flagler Development Co. office project in south Orlando. The Bethesda, MD-based contractor is also reporting a second-quarter 243% jump in profit to $144 million from $42 million in the same 2000 period.

ATLANTA-Locally based OA Development Co. is rushing to complete a 96,000-sf, spec business/distribution center targeted at air freight forwarders and distribution firms being displaced the airport's fifth runway.

CLERMONT, FL-A Tallahassee judge rules Lake County should give a second five-year development extension to the Orlando owners of the estimated $1.2 billion, 1,434-acre mixed-use development, planned 25 miles west of Downtown Orlando. The project is one of the most controversial developments the largely rural area has faced in at least 50 years, oldtimers tell GlobeSt.com.

ORLANDO-Although occupancy is up by four percentage points from year end 2000 to 93.6% and demand remains strong, only seven apartment properties were sold in the first half, six of them class B assets, a new analysis by the Orlando office of CB Richard Ellis shows.

ATLANTA-In one of the largest securities actions involving a commercial real estate company in the US, JDN Realty Corp. is agreeing to pay an undisclosed number of individual investors $16.8 million in cash, more than $20 million in stock and other consideration.