ATLANTA-AIG Global Real Estate Investment Corp. of New York along with Atlanta developer James F. Jacoby have signed their first two office leases at the $2 billion Atlantic Station with SouthTrust Bank for 95,000-sf and the law firm of Arnall Golden Gregory LLP for 135,000 sf.

ORLANDO-David G. Gabri, EVP for Tishman Hotel Corp.'s Orlando division, is moving the 17-year-old marketing and sales organization for 70 hotels to Orlando from Washington, DC. John F. Metcalfe, founder and owner of the membership group, will remain as chairman for two years.

ATLANTA-The New York retailer's long expected departure from Downtown isn't hurting the renamed AtlantaXchange Building, where owners Taconic, Benenson and Angelo Gordon have leased about 80% of the 63-year-old, 663,157-sf structure.

ATLANTA-Lawrence L. Gellerstedt Jr., credited by almost every local civic group for making Atlanta a big-league metropolitan commercial real estate player, has died at 77 after an extended illness. He retired as chairman of Beers Construction Co. in 1994.

WINTER HAVEN, FL-Developers are expected to bid furiously for the 67-year-old attraction, and bidding prices may surpass $300,000 per acre or $6.89 per sf, Polk County industrial real estate brokers familiar with nearby commercial projects tell GlobeSt.com.

ATLANTA-The firm, headed by Mel Sembler, US Ambassador to Italy, has received approval from the Atlanta zoning committee and is awaiting a final OK from the city's full council on April 21. Sembler plans 800,000 sf of retail and residential on a 42-acre, Intown site.

CRESTVIEW, FL-W.D. Childers, the former president of the Florida Senate and chairman of the Escambia County board of commissioners, is convicted last week of bribing a fellow commissioner in return for a favorable vote on two commercial real estate deals.

DESTIN, FL-The companies say the joint venture, Resort Trust Mortgage LLC, will allow the Destin, FL-based manager of vacation homes to leverage its existing real estate business while giving the Des Moines, IA-based lender entrie to the timeshare industry.