RICHMOND, VA-Insignia Thalhimer is buying Chesapeake's Garman Biesecker Commercial Inc. Biesecker manages about 250,000 sf of commercial industrial space. In 2000, Garman Biesecker completed deals valued at more than more than $21 million.

NASHVILLE-Crye-Leike Commercial & Property Management promotes a two-year employee to manage the Nashville division. The duties include expanding the division, overseeing an apartment locator service and managing investment property buys in six counties.

MACON, GA-Inland Retail Real Estate Trust pays Faison-Sofran of Atlanta and Charlotte $30 million for the first phase of the Eisenhower Crossing Shopping Center. In early 2002, the buyer will take the deed to the balance of the 88-acre center

NASHVILLE, TN-The affiliate of Illinois-based Wexford Bancgroup paid Lend Lease Real Estate Investments Inc. of Atlanta $11 million or $20.80 per sf for the 528,840-sf Reemay Distribution Center, 10 miles north of Downtown Nashville.

ATLANTA-Toronto-based TrizecHahn Corp. sold the land in Alliance Center for about $40 per sf. Hanover plans to develop a 39-story, 300-unit luxury apartment community on the site.

MURFREESBORO, TN-Liens totaling $215 million of the company's mortgages receivable have been released. The REIT is also paying yearly and quarterly dividends.

ATLANTA-The locally based developer bought four acres at Glenlake Parkway and Abernathy Road in north Atlanta from St. Joe Co. of Jacksonville, FL. for an estimated $40 per sf. The developer plans to build a 14-story office tower, tentatively scheduled for completion in January 2003.

ATLANTA-In its Atlanta debut, the privately held Pennsylvania real estate investment firm purchased a $30 million majority stake in the 29-story, 610,000-sf Tower Place 100 office building, the 60,000-sf American Inter-Continental University building and the 160,000-sf TowerWalk retail structure.