ATLANTA-Lead underwriter Merrill Lynch, Pierce, Fenner & Smith Inc. has an option to buy up to an incremental 15% of the common shares offered to cover any over-allotments.

ORLANDO-Formerly known as Resort World, the locally based timeshare company buys the management rights and unsold inventory of six properties from Las Vegas-based Leisure Resorts for $18.3 million.

GAINESVILLE, GA-New York developer R. Eric Castro gets a green light from the Georgia Mountains Regional Development Authority for Canterbury at Lake Lanier, a planned 750,000-sf, two-tower condominium community in this suburb.

ATLANTA-The locally based hotelier lost $16.5 million from continuing operations in the fourth quarter and $26.8 million for the year ended Dec. 31, 2003. The 92-hotel company emerged from Chapter 11 protection under the US Bankruptcy Code on Nov. 22, 2002.

ORLANDO-KX International Inc. of Miami sells its 37,000-sf warehouse building to Sanford, FL-based Clark Investments & Properties LLC for $900,000, or $24.32 per sf--then leases back 15,300 sf over a four-year term.

ATLANTA-The locally based firm, which calls itself the largest private industrial developer in the US, plans to build an estimated $275-million complex of light industrial and commercial space on 661 acres adjacent to Interstate 85.

THE VILLAGES, FL-One of the largest mixed-use communities in Florida, the 7,000-acre, 40,000 population development ranked second in the nation with 3,823 sales in 2003, pushing Summerlin, a comparable Las Vegas development, to third place for the first time in six years.

ATLANTA-The largest purchaser of class A office and industrial properties in the US in both 2002 and 2003 grows its regional markets to four from three as it plans to book another record year of acquisitions.