Industrial

QUINCY, MA-Massachusetts Heavy Industries' latest financial scheme to gain control of the Fore River Shipyard here is coming under scrutiny. The bankrupt company needs to raise $55 million to be able to get another chance to revive the shipyard.

ST. PAUL, MN-A proposed property tax overhaul also would simplify and reduce the state's complex commercial-industrial property tax system. The plan also would restructure the corporate income tax.

SUN VALLEY, CA-Triscenic Production Services pays privately held LJK Properties $2.2 million for a 35,100-sf industrial project in this LA suburb. The building contains 5,200-sf of office space.

CHARLOTTE-The locally based company has about two million area customers, 75% of them in North Carolina. Duke is also providing energy to California.

MORAN TOWNSHIP, MI-Enhancements totaling $1.3 million to the current Mackinac Bridge viewing area will improve the observation building, pave access roads, as well as add a walking path, picnic areas and landscaped islands.

INDIANAPOLIS-The REIT's $80 million in new developments include a 128,000-sf industrial facility for Eagle Inc. in Minneapolis. First-quarter activity also includes $54 million of new third-party construction contracts.

NORTH ANDOVER, MA-Lucent Technologies, the New Jersey-based telecommunications company, plans to cut 1,000 jobs in this state. While the company intends to keep all facilities in this state open, some consolidation might eventually occur.

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.