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ORLANDO-The five-year-old former Lucent Technologies subsidiary is laying off 263 technicians after orders plummet from the telecommunications industry for its microchips. The chips are used in switching equipment that services high-rise office towers and corporate headquarters.

IRVINE, CA-The latest numbers released by Cushman Realty show that net absorption of class A and B office space turned negative, while vacancy rates rose due to companies feeling the pinch.

WHITE LAKE TOWNSHIP, MI-Brentwood Golf & Country Club is in a two-part transaction by Charleston, SC-based Golf Trust of America. Brentwood and Club of the Country in Louisburg, KS sell for a combined $5.25 million.

ATLANTA-Locally based Southwire Co., a supplier to major commercial real estate projects, has sold its Hawesville, KY facility to Century Aluminum Co. of Monterey, CA for $450 million.

WHITE PLAINS-An affiliate of Starwood Hotels & Resorts Worldwide Inc. has acquired the remaining 50% interest in the Sheraton Centre Toronto for approximately $48 million.

KANSAS CITY-One of shopping center's two anchor buildings are being sold to Urban America, a minority-controlled consortium that seeks properties being constructed in large cities where revitalization is taking place.

ALEXANDRIA, VA-Socrates Verses has been named CEO of Realeum Inc., a startup company providing Web-based property management software for the multi-family real estate industry.

FLAGSTAFF, AZ-A proposed $500-million development on the south rim of the Grand Canyon has been dealt a potentially final blow by a US judge.