KISSIMMEE, FL-A private New Jersey-based investment group pays $8.5 million for the International Promenade. The 35,309-sf property is in the center of this city's tourist corridor.

KISSIMMEE, FL-A private New Jersey-based investment group pays $8.5 million for the International Promenade. The 35,309-sf property is in the center of this city's tourist corridor.

ATLANTA-Vacancy is down 120 basis points to 17.8% due to net absorption increasing to 3.9 million sf, up from 1.6 million sf in 2004, according to a new market analysis.

ATLANTA-Vacancy is down 120 basis points to 17.8% due to net absorption increasing to 3.9 million sf, up from 1.6 million sf in 2004, according to a new market analysis.

ORLANDO-An affiliate of Thayer Lodging Group agrees to sell the 1,582-room properties, a 40,000-sf spa and an 18-hole golf course that comprise the 500-acre Grande Lakes Resort campus. The deal is expected to close this quarter.

ORLANDO-An affiliate of Thayer Lodging Group agrees to sell the 1,582-room properties, a 40,000-sf spa and an 18-hole golf course that comprise the 500-acre Grande Lakes Resort campus. The deal is expected to close this quarter.

ATLANTA-Integral Group LLC and the Big Bethel AME Church plan to demolish the shuttered Palamont Motor Lodge to clear the way for the construction of 159 condominium and loft homes. The project will also have an undetermined amount of street-level retail and restaurant space on a 27,000-sf pad.

ATLANTA-Integral Group LLC and the Big Bethel AME Church plan to demolish the shuttered Palamont Motor Lodge to clear the way for the construction of 159 condominium and loft homes. The project will also have an undetermined amount of street-level retail and restaurant space on a 27,000-sf pad.