BOCA RATON, FL-Foregoing a conference call and earnings guidance due to its pending merger, Gables reports a near tripling of net income for the first half of the year, but just a $500,000 gain in the second quarter.

TAMPA, FL-Bainbridge Communities of Wellington pays Brandev LLC, an affiliate of locally based Metro Area Properties, $9 million for a 32-acre tract where 450 apartments are planned.

ATLANTA-The 32-year-old former garden-styled apartment developer is switching to condo development with its first location in the Buckhead submarket where Post plans to break ground next year on a two-phased, 550 condo venture at Lenox Road and Phipps Boulevard.

MIAMI-Kirk Felici moves from the Fort Lauderdale office to head the new unit here at 5201 Blue Lagoon Dr. It opens with a staff of 30 and becomes the Encino, CA-based brokerage firm's fifth Florida location.