ORLANDO-The subsidiary of CNL Financial Group Inc. posted profit of $15.8 million versus $19.3 million or 30 cents per share in 2001. Total revenue increased to $156.4 million from $71.5 million, while assets jumped to $1.3 billion from $901.4 million.

LOS ANGELES-The sale closes at $2,600 more than the asking price of 5115 Melrose Ave., illustrating once again the strong demand for Southern California apartment buildings. The deal closed at an 8.3% cap rate.

DALLAS-Can Dallas have a Central Park? Today, the Who's Who of town and privately hired consultants hold a symposium to discuss the merits of building the nation's largest center city park in concert with seven miles of riverfront redevelopment opportunities.

HOUSTON-Ground will break soon on an office/warehouse in the Techway Business Park in Westchase. The anchor, Bass Computers, signs a medium-term lease to push the project from drafting table to construction.