ORLANDO-Ultimate Franchise Systems Inc., which owns the Sobik's Sub brand in Florida, reported a second-quarter loss of $726,665 or 2 cents a share, on revenue of $819,849.

ORLANDO-BP Amoco PLC has purchased 27 Shell Oil Corp. stations in metro Orlando and neighboring Seminole County from First Coast Energy of Jacksonville for an estimated $100 million. The properties average about 10,000 sf each. The stations are being renamed either as BP or Amoco outlets.

ORLANDO-Chiodi Commercial Realty pays Bank of America $800,000 for prime vacant eight-acre parcel formerly housing a Ford dealership. The price equates to $100,000 per acre or $2.35 psf. The bank was asking $1.2 million or $150,000 per acre ($3.44 psf) when the asset was first marketed three years ago.

ORLANDO-Metro Orlando's 91.5 million-sf industrial market accepted 1.58 million sf of new product in the second quarter, driving vacancies up to 9.1%, a half point higher than the first 90 days and the highest since second quarter 1998. Rents, however, dropped 24 cents putting warehouse/distribution space at an asking $4.46 psf and R&D flex at $7.88 psf.

ORLANDO-A 20-year-old, 7,000-sf Elvis Presley look-alike residence is up for sale for $550,000 or $78.57 psf. The pool is shaped like a blue guitar and the whirlpool looks like tuning keys.

MELBOURNE, FL-SIMA Corp. and D.E.L. Development Corp. jointly purchased the 25-building, 376-unit, 306,768-sf Caribbean Isle from Caribbean Isle Investors Inc.

GENEVA, FL-Ed Yarborough, the last of the Florida ranching cowboys and one of the largest landowners in Seminole County, next door to Orlando, is dead at 69. He is being buried Friday.

ORLANDO-As area developers rush to complete telecom hotels for a growing number of telecommunications industry tenants, a new study pinpoints what commercial real estate watchers have suspected for the past two years. Central Florida's $10 billion high-tech industry is surpassing tourism and entertainment as the area's leading economic booster.