MIAMI-The subsidiary of Los Angeles-based ABM Industries will manage 1,100 parking spaces and valet services in the 55-story First Union Financial Center, the state's tallest office tower. The value of the contract wasn't disclosed.

ORLANDO-With first-quarter vacancies fractionally up at 6.9%, the area's 46.38 million-sf market is getting another 3.4 million sf of new product in the next 12 months. Malls and big-box projects are taking two-thirds or 2.3 million sf of that new space.

LOS ANGELES-The locally based firm has unveiled a five-point reinvestment program that will provide funding for additional acquisitions, expansion into new growth markets and the hiring of new talent.

ATLANTA-Hillwood Development Corp. of Dallas and Opus South Corp. of Tampa, FL are breathing a little easier today after Spherion signed a 10-year, 69,176-sf lease taking almost half of the four-month-old, 165,000-sf building in north Fulton County.