LEESBURG, FL-Commissioners are signing a letter of intent this week to sell a 200-acre industrial parcel for $1.6 million or $8,000 per acre (18 cents per sf) to a seller believed to be Wal-Mart Stores Inc.

ORLANDO-If voters approve the $5-billion, four-city, high-speed rail network, Florida would be compelled to build the largest public-works project in its 181-year-old history. An estimated 50 acres or two million sf of right-of-way land alone would be needed for the system.

ORLANDO-Richard Livingston, president/owner of Russell's Inc., a Downtown Eustis, FL retail landmark, is selling the 10,000-sf, two-story property to a nearby proprietor for an undisclosed sum. Eustis is 30 miles northwest of Downtown Orlando.

ORLANDO-Southern Community Bank paid Timacuan Land Trust $816,750 for a 1.25-acre outparcel on the seller's 12.6-acre tract in Lake Mary, FL. The Orlando bank plans a branch at the site.

ORLANDO-The nation's sixth largest supermarket chain is confident the red ink has been stanched on its balance sheet and feels its current management and store restructuring will prevent a repeat of the unprecedented first quarter's 57% profit drop.

ORLANDO-Following its periodic practice of shuffling key executives to more challenging roles, Walt Disney World is giving four officials new assignments.

ORLANDO-Land prices, development costs, rents and unit sizes are all going up, says Mark L. Findura, president of R.J. Twitty & Co. II Inc. But demand remains strong with class A and student markets are the most resilient.

ORLANDO-The planned four-story, 308,000 sf, $60 million project looks too boxy and too artsy for the jurists, a state senator, a Congressional representative and Mayor Glenda Hood. The federal General Services Administration, the largest commercial landlord in the United States, promises to review the building's drawings.