ORLANDO-Locally based Sandy Ridge Development LLC pays an Orlando investor group $15,486 per acre or about 36 cents per sf for the property fronting on both State Road 532 in Osceola County and County Road 542 in Polk County.

ATLANTA-After four years of trying, the former Georgia Tech University quarterback buys the 14,000-sf Downtown property from longtime Atlanta retailer Charles Walker and his Herschel Harrington Scenic and Lighting Studio.

ATLANTA-CMD Realty Investors has brought its class A, 233,323-sf RiverEdge Place here to 45% occupancy with the signing of seven office leases for 33,319 sf. The firm also moved its regional offices to RiverEdge Place from nearby 2100 Riveredge Building.

GROVELAND, FL-The Florida Department of Community Affairs nixes the planned annexation of 2,600 nearby acres for 3,000 new homes and commercial space, claiming the development would lead to urban sprawl.

ATLANTA-Bank of America and Wachovia head a consortium that will provide operating funds to the second largest bedding and towels manufacturer in the U.S. The firm occupies an estimated 8.2 million sf of plant and distribution space in 49 markets.

ORLANDO-Clear Channel Outdoor of Phoenix, the nation's largest billboard company, and other billboard property owners are suing Orange County Property Appraiser Bill Donegan after he more than quadrupled annual taxes on their sites.

CLERMONT, FL-This city's planning and zoning commission approved the Bentonville, AR-based retailer's plans to build a 218,685-sf store at an estimated hard construction cost of $16 million, but the full city council still has to vote on the venture June 24.

ATLANTA-In what may be the swiftest bulk purchase of class A office properties on record; Wells Real Estate Investment Trust, in the last 40 days, has added 4.9 million sf in six metro markets to its portfolio of managed assets valued at $3.3 billion.