ORLANDO- Craig Mcnab, a former Atlanta real estate executive hired by CNLR in February as CEO, will also act as the firm's president.

ATLANTA-Bethesda, MD-based Saul Centers Inc. acquires the 79,000-sf shopping center in suburban Forsyth County for $12.6 million. Cincinnati-based North American Properties developed the property two years ago.

ATLANTA-The Georgia division of the Sweden-based general contracting company is working with JMJ Associates to educate subcontractors and company employees on how to eliminate injuries at its work sites across the country.

SANFORD, FL-At least 10 national big-box retailers will occupy the 62-acre site when the Marketplace at Seminole Towne Center opens in March 2005, just southeast of Simon Properties' Seminole Towne Center. The site is 20 miles north of Downtown Orlando.

ATLANTA-The locally based owner/operator of 89 hotels has completed a reverse stock split in a ratio of one-for-three shares. The company has placed 175 million common stock shares on the market as it enters a new corporate restructuring and acquisition phase.

ORLANDO-Central Florida's 73-million-sf of flex, warehouse and distribution space, 11.8% vacant, posted positive net absorption of 808,668 sf in the first quarter with the Orlando Central Park submarket accounting for 53% of the total absorption, according to Advantis Commercial Real Estate Services/GVA.

GAINESVILLE, GA-New York developer R. Eric Castro's planned 750,000-sf, 34-story and 36-story towers on the shores of Lake Lanier are being challenged by Hall County but backed by the City of Gainesville.

ORLANDO-The 13.5-million-sf, 115-building inventory posted its best performance since fourth quarter 1997, as first-quarter vacancies dropped 3.57% to 12.22% and net absorption rose to 484,168 sf, according to a new market survey by Rebman Properties Inc.