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ORLANDO-Maplecross Development pays St. Regis Apartments Partnership $38,974 per unit for the 96-unit, 36-year-old, 90%-occupied Tara Oaks Apartments, 525 E. Michigan Ave., on the south side of the central business district.

NEWTON, MA-HRPT Properties Trust has announced that it will be paying its regular quarterly dividend of 20 cents per common share, respective of the company's results for the quarter that ended June 30, 2001.

DETROIT-Heinz Prechter, 59, the sunroof maker and major developer reportedly succumbs to a battle with depression. Most recently, he was planning to make a bid to build the 1,200-acre mixed-use Pinnacle Aeropark.

CHARLOTTE-GMACCM, a Fannie Mae-approved seller/servicer, will provide funding for MultiTrak underwritten loans originated through GMACCM and MortgageRamp. Loans could close in 20 days.

BOSTON-A series of initiatives designed to alter the pattern of development in this state is garnering attention here, as the concerns of sprawl and congestion become regional issues. The initiatives are attempting to create regional zoning boards that could have better perspective on managing growth.

HOUSTON-William E. Cooper Inc. has struck a sale-leaseback deal for the one-year-old, 108,924-sf FedEx Ground Building in northwest Houston. Cooper has closed a $2.2 million financing package for the acquisition while FedEx has inked a 10-year lease.

ORLANDO-Market leaders in office, retail and multifamily get favorable treatment while industrial projects have to beg a little more, Mark L. Findura, president of locally based R.J. Twitty & Co. II, tells GlobeSt.com. Loan interest rates aren't falling below 6.75%.

SEATTLE, WA-Seattle-based Mastro Properties has three office projects, two residential developments and one mixed-use building in the works in King County. Two are already under construction, one is set to begin this week and two others are expected to break ground later this year. All are for sale.