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KANSAS CITY, MO-Black & Veatch will lay off 49 employees after a power plant project in the Aisa-Pacific region is suspended. The engineering firm has 3,500 of its 9,000 employees in Kansas City.
IRVINE, CA-John Miller, a 30-year real estate veteran, rejoins Legacy Parners after stint with Maguire Partners. Now back with Legacy, he will run the Southern California and Nevada operations.
BEND, OR-According to spokesperson for the would-be buyer, Mt. Bachelor Inc. is in early-stage negotiations for the sale of the resort to Powdr Corp., owner of the Park City Mountain Resort in Utah.
EAST RUTHERFORD, NJ-The sale of a South Jersey office portfolio and a rash of lease transactions by broker's Garden State offices ends "double-zero" pretty much as it began--with a high level of deal-making activity.
PHOENIX-A Phoenix-based land speculator continues to sell off its portfolio, with a $1.3 million sale of a parcel in Gilbert. Sharp drop in stock price caused company to move into the commercial lending business.
CHICAGO-Developers and city hall insiders say Alicia Mazur Berg, a 10-year veteran of the city's department of planning and development, has the people skills and deal-making ability to handle the top job.
LOS ANGELES-A privately held trust associated with the Hutton Foundation, which provides grants to nonprofit groups, has sold a 114,000-sf, mixed-use park in Riverside.
BOCA RATON, FL-Nearly 20 years ago, the TechCenter 051 Building became a focal point of top-secret, high-tech research around the time the manufacturing giant began development of the personal computer.
CHICAGO-The telecommunications firm is leasing 173,151 sf, or 18% of the office building near the intersection of Lake Street. MCI WorldCom will have 850 employees working there beginning in May.
ORANGE, CA-In total, Essex Property Trust Inc. paid $66.9 million for two multifamily properties. The 90-unit OC complex, located on seven acres, brought $10.1 million.