ORLANDO-Woodland Lakes Apartments LLC, a wholly owned subsidiary of Group IV Properties Inc., paid Bethesda, MD-based Lockheed Martin Corp. $2.23 million or $98,455 per acre ($2.26 per sf) for a prime 22.65-acre parcel in the Woodland Lakes development, east Orange County.

AUSTIN-F.W. Dodge pegs the region's commercial construction value at $101.6 million in February, up from $61.8 million in February 2001. While it looks good, the two-month total is down by nearly $40 million in the yearly comparisons.

MIAMI-The locally based, publicly traded firm is paying a so-far undisclosed amount for the privately held design, manufacturing and fabrication company. After the merger at an undisclosed date, Global will be called Excalibur Industries Inc.

ADDISON, TX-Isotag Inc., founded seven years ago by two Texas oilmen, is relocating its headquarters to Dallas from Miami. The 23,328-sf, 10-year lease drives a plant shutdown near Houston and a scaling back in Miami and Albuquerque.