ATLANTA-Just six weeks into his presidency of the locally based Americas division of the UK-based hotelier, Steve Porter calls Kirk Kinsell back to head franchising and promotes four executives to new posts. Kinsell previously launched the company's Holiday Inn Express.

ATLANTA-The locally based firm signs a letter of intent to sell the undeveloped land on East Fox Court, across from its 403-unit Addison Place apartment community, for $336,842 per acre or $7.73 per sf. Roberts refuses to identify the buyer.

ATLANTA-August rent payments for $575,000, written by the Arlington, VA-based airline to the Raleigh, NC-based developer have or will be returned unpaid by the bank, according to a Highwoods' filing with the SEC. The checks apply to leases on 414,059 sf in Winston-Salem, NC.

PHILADELPHIA-Malvern, PA-based Liberty Property Trust beats out plans submitted by Plymouth Meeting, PA-based Brandywine Realty and Dallas-based Lincoln Property Group for a 60-acre parcel in the 1,200-acre Philadelphia Naval Business Center. Price negotiations between Liberty and PIDC are underway.

PHILADELPHIA-The Indianapolis-based REIT acquires an industrial property to meet the needs of its client, Stanley Works, which leases 50,000 sf, or 66%, of the property in Cleveland's northeast submarket.

ATLANTA-Henry is a former principal of locally based Lend Lease Real Estate Investments where he was portfolio manager for two institutional pension funds.

ATLANTA-Rooms To Go pays $800,000 per acre ($18 per sf) for a 2.5-acre pad next to the 1.2-million-sf, 10-month-old suburban Lithonia shopping cemter.

PHILADELPHIA-In a second top-level appointment to its office here, Grubb & Ellis hires Bamonte as director of management services. He joins Bob Clements, named executive vice president and managing director last October. Bamonte comes from Equity Office Properties' local office.