CLEVELAND-The hotel REIT is able to handle the interests for 28 hotels from operating firms as a result of the new Modernization Act. The company will take a $15-million charge relating to the acquisition and termination of leases.

WOODHAVEN, MI-The automaker looks to sell a 75,000-sf parts plant here as part of its massive restructuring effort. Other facilities throughout the US and thousands of employees are affected.

PHOENIX-Sleep America is plotting a Southwest Phoenix relocation to gain visibility along Interstate 10. The business will move March 1 into 38,459 sf of office-warehouse space at Coronado Commercplex IV.

SUDBURY, MA-An effort by the town to acquire a 70-acre parcel here near Route 20 from a developer is knocked down by a Massachusetts Land Court judge. A town official tells GlobeSt.com that the town intends to appeal the ruling.