OCALA, FL-Paul R. Allen, founder and president of Oakton, VA-based Oakmont Advisors LLC, joins TBW chairman Lee Farkas and president Ray Bowman on the company's executive committee. Ocala is 65 miles northwest of Downtown Orlando.

ORLANDO-Small by power center standards, the 23.8-acre tract will house Orlando Square, a planned 191,978-sf shopping center scheduled to open in fall 2004, five minutes from the 1.6-million-sf Florida Mall, the largest shopping center in Central and North Florida.

ATLANTA-Area brokers tell GlobeSt.com the prime three-acre site, zoned for a 500,000-sf venture in the affluent Buckhead district, went for an estimated $2.1 million, or $700,000 per acre.

ORLANDO-The three-year-old New York-based airline plans to break ground in the next 12 months on an 80,000-sf flight-training center and a 70,000-sf hangar near the recently completed Heintzelman Boulevard on the east side of Orlando International Airport.

ORLANDO-Collections on the 5% room tax totaled $8 million in June, down 4% from June 2002 but up from $7.27 million in May. April's total was $8.85 million. The monthly tax collection numbers from 105,000 hotels and motels in Central Florida are watched closely by hotel developers and investors as a barometer of the area's industry health.

ATLANTA-The locally based REIT closed on the sale of the 188-unit Highland Park community that generated a per-unit-price of $95,682 and net cash proceeds to the company of $6.9 million.

ORLANDO-The three-year-old New York-based airline plans to break ground in the next 12 months on an 80,000-sf flight-training center and a 70,000-sf hangar near the recently completed Heintzelman Boulevard on the east side of Orlando International Airport.

ATLANTA-The largest of the five transactions was the three-year, 75,270-sf warehouse space extension by Standard Distributing and Supply of Georgia Inc. at a property owned by JH Holdings Ltd. at 6684 Jimmy Carter Blvd. in nearby Norcross.