CORAL GABLES, FL-A private equity fund buys a 99%-leased industrial/flex office portfolio with plans to add value by increasing rents as leases roll.

CORAL GABLES, FL-The private equity fund buys a 99%-leased industrial/flex office portfolio with plans to add value by increasing rents as leases roll.

TAMPA-MHI Hospitality Corp. acquires the former Clarion Hotel with plans to embark on a $20 million capital improvement path to rebrand the hotel.

PANAMA CITY, FL-Work begins on the new Panama City-Bay County International Airport, the first built in the country since 9/11.

ROSWELL, GA-CVS/pharmacy stores continues its expansion in Georgia with 17 new stores planned to open through 2009. Four stores are currently under construction.

BROOKLYN, NY-Nevins Realty sells the vacant plot to Tyler Hospitality for $11.9 million. The company plans to construct a 250-room Holiday Inn.

PLAINVIEW, NY-The Lighthouse Development Group, which heads the $2 billion Lighthouse Project here, hopes to provide opportunity to the surrounding community.

NASHVILLE, TN-Panattoni acquires the five-building, flex Metroplex Business Park, with plans to make significant improvements to the 80% occupied property.