WESLEY CHAPEL, FL-The Pasco County Commission has just given the go ahead for the proposed Cypress Creek development, a multi-faceted project that would bring a hotel, office space, retail space and residential units to the largely undeveloped area.

COLLEGE PARK, MD-The 983-unit, 750,000-sf apartment complex Seven Springs Village sells to a joint venture for a whopping $90 million. The deal's broker cites the area's tight market as one of the reasons Seven Springs fetched such a large amount.

MIAMI-The state's tallest office structure, the 55-story First Union Financial Center, hits the market six years after San Francisco, CA's The Shorenstein Co. acquired it for a record $207 million. The 1.2 million-sf property was estimated to be worth about $265 million last spring.

MIAMI-In a $53 million deal, the Miccosukee Tribe acquires a coveted 223-acre plot of land. Local water management officials had been eyeing the property for a water storage reservoir, but are now left to wonder what the tribe will do with the land.

TAMPA, FL-The city moves forward with its planned $52 million Tampa Museum of Art as architect Rafael Vinoly reveals his design for what will be a 124,00-sf, six-story arts facility. Construction is expected to begin next year should be finished in December 2004.

WILLIAMSBURG, VA-Less than two years after its opening in Stonehouse Commerce Park, the $49 million John Deere Vehicle Group plant will close its doors by the end of October. The 300,000-sf warehouse will be marketed through John Deere & Co.'s real estate division.

WASHINGTON, DC-The real estate, insurance and a bevy of other professionals praise the US Senate for passing the Terrorism Risk Insurance Act of 2002. Now the legislation goes to conference with the US House where differences between the two bills will be smoothed over.

CHESAPEAKE, VA-The 21-year-old retail center gets a new owner for the fourth time in its existence with Atlanta, GA's Gregory Greenfield & Associates' recent acquisition of the property. The property has an estimated value of $95 million.