ATLANTA-Despite prognosticators who, in the mid-1990s, predicted that digital technology would mean the demise of place and distance, both continue to exist--though irrevocably changed and changing.

PEABODY, MA-Berwind Property Group buys a 320,000 sf building here and plans to invest three million dollars in renovations. The seller, Avnet, signed a 10-year lease on 120,400 sf of office space in the building.

AUSTIN-Three businesses in the state capital join forces for real-time management of real estate closings. Expeditrix provides the technology as Austin Title and Commonwealth Title deliver the customers.

SPOKANE, WA-The buyer of the 153-room Budget Inn is Vancouver BC-based Musafar Investments LLC, which owns the Howard Johnsons Inn here. West Coast says it's selling the property because it isn't in line with the company's full-service focus.