ORLANDO-The former president of locally based Commercial Net Lease Realty Inc. expects his Florida Retail Development LLC group to do average annual development and redevelopment volume of $100 million. The new firm will also partner with Commercial Net Lease Realty on specific deals.

DAYTONA BEACH, FL-The 15-year-old, 746-room oceanfront hotel will fly the Hilton flag in first quarter 2005 when it will become the third largest Hilton property in Florida. Daytona Beach and state agencies plan about $75 million in infrastructure improvements in a new tourism push.

ATLANTA-Metro Atlanta's oldest and largest privately held commercial real estate firm is negotiating to buy 2.5 acres of prime land in the affluent Buckhead district where townhomes will be priced from $1.8 million to $2.3 million.

ORLANDO-Warehouses sized from 5,000 sf to 15,000 sf are in demand in Central Florida as a growing number of expanding businesses decided to buy rather than rent, area brokers tell GlobeSt.com.

ATLANTA-Locally based Gables Residential Trust pays $12 million or $1.2 million per acre for a 10-acre tract near the crossroads of Interstate 285 and GA 400. Griffin Co. of Atlanta and Sembler Co. of St. Petersburg, FL also plan major apartment communities in the same neighborhood.

ORLANDO-A sampling of metro Orlando's 13.5 million-sf, 114-building bulk distribution warehouse market shows the second-quarter vacancy rate at 12.29%, up fractionally from 12.22% in the first quarter, according to a new industry analysis by Rebman Properties Inc. of Maitland, FL.

ATLANTA-John Brown, a senior director of Marcus & Millichap's National Multi Housing Group, brokered the sale of the Land South portfolio for a private Macon, GA-based investor who netted an average $82,066 per unit.

JACKSONVILLE, FL-In what has to be the bargain of the year to date in office building sales transactions in North Florida, JAX Telecom Partners LLC paid Trimont Real Estate Advisors almost $5.5 million for the 37-year-old, 55%-leased, 218,000-sf Telco Building at 421 West Church St. Buyer and seller are both from Atlanta.