ORLANDO-The county agency is buying 18 acres for $165,000 or $9,167 per acre (21 cents psf) across the road from a planned $1 billion, 1,200-acre mixed-use development. After three years of haggling, the developer is coming down from the original asking price of $1.8 million or about $100,000 per acre ($2.30 psf).

ORLANDO-A U.S. Bankruptcy Court judge orders the five-year-old luxury shelter developer to sell four assets valued at about $11 million to pay off unsecured creditors. The developer has a debt load of $160 million with $130 million owed to Credit Suisse First Boston Mortgage Capital.

ORLANDO-All of a sudden, few entrepreneurs are buying assets in volume anymore. Higher loan costs, stubborn sellers and a general institutional investor slowdown are combining to bring the market down to its lowest level in years in this tourist mecca.

ORLANDO-The Bentonville, AR-based retailer pays MetroWest Land Development Co. about $293,480 per acre or $6.74 psf for a 25-acre tract to build a 229,000-sf prototype structure in southwest Orlando.

ORLANDO-The facility's $748 million addition will grow the structure to 2.1 million square feet of exhibit space by 2003 and make it more competitive with Las Vegas, Atlanta and Chicago.

ORLANDO-Only a week old, Vision 20/20's goal to raise $17.5 million is three-quarters done. About $4.7 million of the $13 million raised to date is coming from the private sector. Business leaders are striving to tell the world Orlando has a growing technology base as well as being a destination capital.

ORLANDO-Frank W. Herring Jr., a 46-year-old executive with 25 years in the commercial real estate business, is the new president of St. Joe Commercial, the operational arm of St. Joe Co., the largest developer in Florida.

GROVELAND, FL-The Richmond, Va.-based retailer is growing its facility at the Christopher C. Ford Industrial Park to 714,000 sf, the largest building in Lake County. The site is 30 miles west of Downtown Orlando.