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LONDON-British Airways has assigned the lease on Atlantic House, Three Bridges, Crawley, West Sussex, to London Electricity Group in return for a reverse premium.
CHICAGO-HCD Chicago's 676 N. Michigan Ave. sees a flurry of lease deals while Lincoln Property Co. renews a lease at 300 S. Wacker Dr. that results in 9,000 sf added to the West Loop submarket.
PHOENIX-SPI Distribution, a Massachusetts firm, moves into industrial space that's been empty for about a year in Martin Van Buren Commerce Park, a six-building project now 80% occupied. The 39-month lease is valued at $90,000 over the term.
FAIRFIELD, NJ-The gain from the $20 million transaction, which is part of the company's move to shed non-core assets, will be deferred because of its remaining 20% interest in the office building.
ARLINGTON, TX-An Arlington doctor acquires 13.9 acres along Arbrook Boulevard with a price that ends three years of being on the market. A medical office building is planned for land held by a bank for nearly a decade after it foreclosed.
MARSHFIELD, MA-A developer's proposal to get a 198-unit apartment complex built is facing fierce opposition from town officials. The project, which involves seven buildings, was proposed under the state's Chapter 40B affordable-housing law.
DETROIT-Meetings of the Michigan Land Use Leadership Council will continue through August to "establish a bold new vision for Michigan" with new land use policies and a plan for better use of existing resources.
HINGHAM, MA-The ADP Building at 60 Research Rd. in South Shore Park gets permanent mortgage financing in the amount of $4.6 million. The 58,655-sf building is occupied by ADP's brokerage services group.
MIAMI-ORJAZZUM LLC, owned by South Florida restaurateur Ken Mata and partners, purchased The Living Room/Strand nightclub and plans to have world-class entertainment and DJs in its 10,000-sf locale. The lease was brokered by The Prakas Group Inc.