LAKELAND, FL-The Southfield, MI-based REIT is redeveloping and expanding its 174,000-sf Shoppes of Lakeland shopping center here to 300,000 sf. The new Target department store will occupy 126,000 sf. The property is 60 miles south of Downtown Orlando.

ST. PETERSBURG, FL-The Richmond, VA-based REIT paid $30.7 million or an average $66,164 per unit for the 464-unit, 89%-leased Inlet Bay at Gateway Apartments, about 80 miles west of Downtown Orlando.

Commercial real estate has been through a ringer. We have survived the bursting of the dot-com bubble, the recession of 2001, the aftermath of Sept.…

AUBURNDALE, FL-The 620,000-sf facility, 60 miles south of Downtown Orlando, houses "the largest Minute Maid operation in the world," Polk County business development director Jim DeGennaro tells GlobeSt.com.