CARROLL COUNTY, GA-King Provision is forsaking Atlanta and constructing a $2.5 million, 90,000-sf distribution center in Villa Rica about 40 miles east of Atlanta.

ATLANTA-Troubled JDN Realty reported a precipitous drop in funds from operations for the second quarter.

ATLANTA-Merchandising firm consolidates operations at new, 55-acre Lakeview Industrial Park near Atlanta International Airport. Area rents average $6 to $8 psf.

ATLANTA-Known for its garden apartment communities in the suburbs, Post Properties is switching gears. The developer's 16-story, 121-unit apartment project six miles north of Downtown is shooting for a spring 2002 completion.

ATLANTA-The two real estate services companies are merging their third-party management portfolios to form Spectrum Cauble Management Co. The new entity will manage a combined six million sf of office, retail and industrial.

ATLANTA-The REIT's 271-unit apartment-loft community in Midtown, next to the Biltmore office structure, could fetch rents at $1.50 psf.

ATLANTA-Shoptaw & Garrard's $30 million Capital Master Fund is set to target multifamily assets in high-growth areas of the Southeast.

ATLANTA-Institution plans to break ground in May on the George Busbee International Center for Work Force Development with completion scheduled by fall 2002.