ORLANDO-The 77-year-old retailer is phasing out its 18-months-old soft goods Bargain Outlet division and giving the estimated 25,000 sf of space in each store back to the company's core hardware business. The home improvement merchant, based in Winter Haven, FL, has 85 stores in Florida and Georgia.

ORLANDO-Maury L. Carter & Associates Inc., the local guru of buy low-sell high strategy, has co-brokered four land deals totaling 896 acres and three building transactions totaling 53,189 sf in the all-cash deals.

ORLANDO-The Florida general partnership, which acquired Drum Service Co. of Florida, has signed a consent decree and agreed to pay $502,813 plus a portion of the sale proceeds from unspecified real estate to the federal Hazardous Substances Superfund. The Superfund groundwater cleanup site is in Zellwood, FL, 15 miles northwest of Downtown Orlando.

ATLANTA-Hogan Group of Tampa, FL is selling the 19-story, 98% leased, 436,200-sf Glenridge Highlands Two office building in suburban Dunwoody, FL. The asking price is said to be at least $84 million.

ATLANTA-The locally based home builder is breaking ground this month on 125 ranch-style homes in clusters of six to eight units in the Villas of Mountain View, off Barrett Parkway. Starting prices: $130,000.

ORLANDO-William J. Zylka, a New Vernon, NJ entrepreneur who passed himself off as a wealthy real estate investor, is in a Manhattan jail after he and two associates in Evergreen Security Ltd. of Orlando were arrested June 8 for allegedly stealing $27.7 million from Evergreen's purported mortgage securities-back investment fund.

ATLANTA-The former Rcontest.com Inc. changed its name after buying Hong Kong-based Capital Fund Investment Ltd. for an undisclosed sum. CFI buys and consolidates real estate-based firms in Asia.

ORLANDO-Couple appeals a dismissed seven-year lawsuit which alleges their granddaughter stole their prime two-acre tract by forging the husband's name to a deed and selling the dirt to Universal Orlando for $500,000 per acre ($11.48 per sf). The husband paid $500 per acre (one cent per sf) 42 years ago.