LAKE MARY, FL-Ashley Capital Inc., privately held New York-based real estate investment and development firm, pays $10.8 million, or $14.24 per sf, for a total 755,000 sf of office and manufacturing space on 33.7 acres in this suburb, 20 miles north of Downtown Orlando.

KISSIMMEE, FL-Orlando-based Atco Partnership plans to break ground in April on 737 West Oak, a two-story, 28,000-sf, $4.7-million structure that is already 50% pre-leased. The site is across the street from Osceola Regional Hospital and near Walt Disney World.

ATLANTA-Bowen Family Homes is asking Gwinnett County to rezone 101 acres south of the Gwinnett Arena where the developer plans a 220,000-sf retail center, 45,000 sf of office, 203 townhomes and 194 single-family residences.

ORLANDO-The condo development and sales craze has pointed buyers to nearby counties with oceanfront views that have generated total sales of 6,413 valued at $1.4 billion in Volusia and Brevard compared to Orange with 2003 sales of 2,790 valued at $329 million.

DOUGLASVILLE, GA-Wells Real Estate Investment Trust II Inc. has acquired the 593,404-sf, 100%-leased New Manchester One distribution center in this suburb, about eight miles west of Downtown Atlanta. Area brokers tell GlobeSt.com the estimated price was $29 million.

ORLANDO-It's only a rough blueprint, but William Jennings, executive director, Orlando International Airport, tells Greater Orlando Airport Authority members increased traveler demand will mean the 75-year-old airport is ready for refurbishing.

ORLANDO-The total 20,000 sf of flex space leased at BJP Real Estate Partnership Ltd.'s Cypress Park in south Orlando is valued at $350,000 and brings occupancy at the 15-year-old property to 94%.

ATLANTA-The 600-employee Downtown law firm is expanding and needs more space than the estimated 210,000 sf it currently occupies on 10 floors at the Bank of America Plaza tower. However, the firm's 15-year lease at the 12-year-old bank building runs to 2007.