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BOSTON-Verizon Communications will cut more than the 10,000 jobs it had initially intended to cut in its massive job-cutting plan that was announced this past February. A company spokesperson insists that local facilities will not be affected.

EAST RUTHERFORD, NJ-A combination of mergers, acquisitions and slower hiring has tripled the sublet space from a year ago, putting the market in a state of flux, according to one C&W executive.

LIVERPOOL-Grosvenor and Henderson Global Investors have hired three renowned international architects to work up detailed designs for the Bluecoat Triangle site.

PERTH AMBOY, NJ-With growing congestion on New Jersey's highways, good old-fashioned ferry service has become the new wave for getting commuters to their jobs. Ferry service here is scheduled to begin in about a year.

DALLAS-A Dallas-based joint venture has found a taker for Preston Forest Village Center, a 167,000-sf project that has been in the turnaround stage for three years. Dunhill Partners makes the buy after NOI doubles and occupancy spikes to 97% from 69%.

ORLANDO-Arvida Realty Services hospitality specialist Robin L. Webb sees no panic-selling signs in the local lodging industry, even with occupancy rates down and room rates up at the luxury properties.

ATLANTA-The Allentown, PA-based microelectronics firm, formerly part of Lucent Technologies in Murray Hill, NJ, is leasing 45,000 sf for eight years at Hampton Green on Shackleford Road in Gwinnett County.

OAK BROOK, IL-Inland Retail Real Estate Trust buys three PetsMart stores in Chattanooga, TN; Daytona Beach, FL and Fredericksburg, VA for just under $10 million in sale-leaseback deals. The REIT now has a $230-million portfolio.