ATLANTA-Sheldon Suga, a 30-year hospitality veteran and former general manager of the 780-room Sheraton Grande Tokyo Bay Hotel, will oversee the Dallas-based chain's seven Atlanta properties and one in Charlotte.

ATLANTA-In the highest per-sf-price deal of its kind this year in metro Atlanta, the newly constructed, 16,209-sf Glenridge Point Shopping Center was sold by Transwestern/MONY Glenridge LLC to locally based Brown and Gruin for $3.8 million after the seller asked for $4.1 million.

ORLANDO-Park Lake Presbyterian Church Inc. paid locally based Muniraj Enterprises Inc. $1.05 million per acre for the 1.9-acre site with frontage on three key Orlando arteries. The sale price is similar to the $1.08-million tag on another 1.9-acre parcel sold a month ago.

ATLANTA-Grocery-anchored neighborhood centers in metro Atlanta continue to be in high demand, with average multi-tenant space selling for $92 per sf, although a dozen deals this year have gone for over $150 per sf, according to a new Marcus & Millichap study.

BIRMINGHAM, AL-The Alabama-based REIT, with a total market capitalization of $2.8 billion, will be paying fourth quarter dividends on its Series A and C issues that equate to annualized payments of over $2 per share.

SANFORD, FL-After two years of talks, Seminole County elected officials have agreed to partner with Sanford, FL, the county's largest city, in developing a 63,000-sf Downtown exhibition and meeting structure that could attract small business events.

ORLANDO-The 84-year-old developer of the affluent 3,000-acre Heathrow community, 25 miles north of Downtown Orlando, has been named the top entrepreneur in the United States. He vies for international honors in Monte Carlo next year.

RALEIGH, NC-Park Center FA of Delaware bought the 744,499-sf, nine-building Park Center in Research Triangle Park for $65 million, in a deal that includes seven retail outparcels, a single-story retail building and five acres of developable land.