ORLANDO-The subsidiary of Saudi Arabia-based Xenel International calls the eight-page union labor allegations a smokescreen to force the developer into agreeing to "one-sided" labor contract terms on two major projects.

ATLANTA-Lend Lease officials would neither confirm nor deny to GlobeSt.com local published reports speculating the 750-person firm may be sold by year's end.

ORLANDO-U.S. Bankruptcy Court Trustee R.W. "Bill" Cuthill Jr. will outline a tentative settlement with the family of convicted stock broker William J. Zylka of New Vernon, NJ, who sold unregistered mortgage-backed securities in an alleged $214 million swindle.

ATLANTA-The Huntingdon Valley, PA-based national developer is joint venturing with Hilton Head, SC builders John Reed, Gary Rowe and Tom Zinn in the creation of Hampton Hall, a planned 1,000-acre, 935-home, golf course country club community.

ORLANDO-Grayco Inc., a private investment group in Richmond, VA, sold the 10-year-old, 324-unit, 97%-leased Monterey Lakes Apartments in Largo, FL to the Illinois pension fund advisor for $17.73 million or $55 per sf.

ATLANTA-Konover shareholders will vote on an estimated $200 million merger with PSCO Acquisition Corp., a newly formed company owned by Prometheus Southeast Retail Trust and a Kimco Realty Corp. subsidiary.

ORLANDO-U.S. Bankruptcy Court Trustee R.W. Cuthill Jr. will outline a tentative settlement with the family of convicted conman William J. Zylka of New Vernon, NJ, who sold unregistered mortgage-backed securities for 10 years in an alleged $214 million swindle.

ATLANTA-In one of the largest national retail mergers of its kind, locally based IRT Property Co. and the Florida REIT have signed a definitive contract that will make Equity One Inc. one of the largest shopping center REITs in the Southeast.