DAYTONA BEACH, FL-American Safety Insurance Group of Hamilton, Bermuda has sold 265 units out of a total 294 units in Phase I of a planned 808-unit luxury waterfront community in Ponce Inlet, FL, a Daytona Beach suburb 50 miles north of Downtown Orlando.

ORLANDO-Gray Co. Inc. of Richmond, VA sells the 27-year-old, 254-unit, class B suburban Ashley of Spring Valley complex at commercially-hot Interstate 4 and State Road 436 for $11.18 million or $43,000 per unit ($43 per rentable sf).

ATLANTA-Holder Properties is negotiating with the Federal Deposit Insurance Corp. for 84,000 sf and with PricewaterhouseCoopers for 110,000 sf at the 13-story, $60 million Millennium tower at 10th and West Peachtree Streets. Rreef Funds of Chicago owns the property.

ATLANTA-Hendon/Atlantic Rim John's Creek is selling 49% of its six-month-old, 313,006-sf property at Peachtree Parkway and McGinnis Ferry Road in north Atlanta for an undisclosed sum that will be revealed in later JDN Realty filings with the Securities and Exchange Commission.

SANFORD, FL-A 14-year employee sued for $94,000 when the former executive director refused to give her a favorable recommendation after she was fired in 1997. The agency has been under investigation for alleged fiscal irregularities all year by the federal Department of Housing and Urban Development.

ORLANDO-Matthew Sullivan, founder/president of the 10-year-old, locally based, full-service brokerage; broker Michael Caridi; and property managers Susan Koschewa and Dario Luciano are wearing new hats. Terms of the deal weren't disclosed.

ATLANTA-State and federal funds totaling at least $130 million will pay for a six-lane bridge and interchange for the 138-acre, $2 billion private-public mixed-use venture at Interstates 75 and 85, the site of a former Atlantic Steel Co. mill.

ORLANDO-The stock exchange deal with Destin, FL-based North Florida Consulting Inc. has an estimated value of $27 million and is scheduled to close no later than Sept. 30.