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ATLANTA-The company tries to reduce peak usage by offering rates to commercial and industrial users below national average.

LONDON-Specialist retail warehouse developer Grantchester has formed a new property fund with West Coast Capital, the private equity fund set up by retailer Tom Hunter.

DALLAS-Keystone Strategies USA is looking to spend $50 million to $75 million in the next 12 months for its foreign investors. Dallas and Atlanta are at the top of the list, with deals pending in both cities.

BOSTON-A bill that would enable towns to allow development rights to be transferred from one parcel of land to another was introduced in the state legislature here. Three towns in the state permit the transfer to preserve local forests and farmland.

PHOENIX-A Honolulu investor is hawking his Phoenix apartment complexes in a plan to pump proceeds into buying a Washington state hotel. R. Blake Johnson already has secured $4.7 million for one complex and has a $4-million sale pending, says the broker.

LONDON-Marks & Spencer, the UK's number one general retailer, is to pull out of its central London headquarters on Baker Street, London W1 and move to Chelsfield's Paddington Basin development.

MAPLE GROVE, MN-Carl Zeiss IMT Corp. will be the lead tenant in the Bass Creek Technology Plaza being marketed and developed by United Properties on behalf of site owner Lutheran Brotherhood.

DETROIT-Well-known financier of Detroit development Max Fisher earns praise from Wayne State University, which gives him an honorary Doctor of Laws degree for his commitment to economic, cultural and charitable causes.