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FT. COLLINS, CO-David Neenan will remain as chairman, but is quietly bowing out of the day-to-day grind at his Ft. Collins-based construction company. He has sold his majority interest to the employees, holding onto a 10% interest.

ANDOVER, MA-Applied Micro Circuits Corp. relocates its Digital Products Group here to an office over three times the size of the company's original site. The company says it is already looking for an even larger location as it anticipates additional growth.

WASHINGTON, DC-Fannie Mae officials plan to redeem a $10 million security on March 16 with an interest rate of 8.25%. The security had been slated for maturity in 2015.

STAMFORD, CT-Collins Enterprises report that it has received a $12.8 million first mortgage for its 2777 Summer St. property from Morgan Stanley Dean Witter Mortgage Inc. The proceeds repaid the acquisition loan.

POWAY-Mayor Mickey Cafagna touts the city's South Poway Business Park, paying homage to business growth that has helped make this North

VALHALLA, NY-Cappelli Enterprise reports it has purchased two family entertainment complexes in New Rochelle in Westchester County, NY and Lake Grove on Long Island, NY in a bankruptcy court auction for $12 million.

NEWPORT BEACH, CA-Health Care Property Investors Inc.'s new program allows investors to purchase newly issued shares at a discount if purchased directly through the company.

NEW YORK CITY-Moody's expects the manager of ski resorts and golf courses to take advantage of the improvements it has made to its infrastructure over the last several years.