LONDON-Orion Capital Managers is marketing its second fund, the Orion European Real Estate Fund II and is seeking to raise its capital by early next year.

TAMPA, FL-The Jackson, MI-based REIT acquires the two-year-old, 127,000-sf Oak Creek Distribution Center from Oak Creek Distribution Center LLC for $36.61 per sf, about equal to replacement cost, area construction industry estimators tell GlobeSt.com.

MIAMI-A local private investor purchased the 254-unit, class B apartment complex here for $21.2 million. Kendall Lake Towers LLC, the seller in the current transaction, bought the property seven years ago for approximately $5.2 million, property appraiser records show.

ORLANDO-For the third successive month, Orange County's 120,000 hotel and motel rooms have eclipsed last year's room tax collections, bringing in $8.5 million to county government coffers for October and possibly signaling the start of a full hospitality industry recovery here, consultants tell GlobeSt.com.