SOUTHFIELD, MI-The shopping center REIT with approximately 11.5 million sf of gross leasable area in 12 primarily Southeast and Midwest states hands out a dividend of $0.42 per share, similar to its pay-out in 2000.

NEW YORK CITY-Former Two World Trade Center tenant Thacher, Proffitt & Wood, signed a lease for immediate occupancy of three floors in a 42nd St. office building.

BOSTON-Teradyne, Inc. slashes another 11% off its work force, with 120 employees in this state being laid off. The company says that its facilities here won't be affected but the company recently put a halt to construction on three new facilities in Bedford.

LAKEWOOD, NJ-Said to be one of the first in the country, the system enables real estate attorneys and clients to electronically access title-search documents.