ATLANTA-Grubb & Ellis Co. reports the area's 368 million-sf inventory improved its vacancy rate to 8.6% from 9%, but expects vacancies will jump by 1% in the first half of this year due to a mix of economic and market factors.

ATLANTA-The Rochester, NY-based photographic supplies and manufacturing company is relocating 300 sales and marketing staffers in the third quarter to the 18-story, 93%-leased Perimeter Summit building developed by Houston's Hines Interests Inc.

DENVER-The Frederick Ross Co. taken on 12 new partners, who have acquired 24% interest in the city's oldest and one of its largest commercial real estate firms. Local owners and fresh ideas prompt the decision to sell to the investors.

KANSAS CITY-Attempts are being made to pay unsecured creditors to close the Chapter 11 bankruptcy of Kroh Brothers Development. The company was a significant player in the office and retail market until the 1986 tax reform.