MIAMI-Robert G. Ferranti, president of Codina Group Inc.'s development division, is the firm's new chief administrative officer. One of his new priorities is to strengthen the firm's information technology for internal operations and client services.

LOS GATOS, CA -- Online commercial leasing site RealCentric.com is spreading its wings into the Austin, Tex., commercial market, with a Silicon Valley-specific launch slated for Q4.

ORLANDO-The 2,900-acre International Corporate Park is making its first sale in years. Dallas distributor Sierra Stone Inc. has contracted to buy 37 acres for a 200,000-sf distribution center. The estimated contract price is $3.22 million or about $2 psf. The park is zoned for 20 million sf of commercial.