DECATUR, GA-A partnership of GE Real Estate and Investment Realty Holdings LLC acquires Paces Park Apartments for $27.7 million. It is the first deal between the two companies.

MIAMI-Atherton-Newport Investments LLC acquires the Asbury Park apartment complex. The company plans to acquire 1,500 multifamily units in Florida over the next year.

ST. PETERSBURG, FL-Lutz Real Estate Investments increases its investments in the Tampa-St. Petersburg market to $65 million with the acquisition of the office component of 100 Central Station.

ATLANTA-Sterling Equity Advisors expands into new offices at 6445 Powers Ferry Rd. on the heels of doubling its volume of placements to more than $100 million.

WEST PALM BEACH, FL-Developers are offering incentives, such as reduced closing costs, to attract buyers.

MIAMI-Flag Luxury Properties will use the loan as long-term financing for the property. The Ritz-Carlton, South Beach was renovated in December 2003.

ATLANTA-Dividend Capital Trust selects Colliers Spectrum Cauble to manage 1.15 million sf of industrial space in Gwinnett County.

ATLANTA-Dividend Capital Trust selects Colliers Spectrum Cauble to manage 1.15 million sf of industrial space in Gwinnett County.