In a statement issued this week, Trammell Crow tied the decisionto a larger reorganization effort and a refocusing of efforts onbigger markets. The closure will affect seven local employees,although it's uncertain exactly when the office will shut downcompletely.

In February, Trammell Crow announced an internal reorganizationof its business designed to consolidate all of the property andfacility management, brokerage and project management servicesdelivered to both corporate and institutional customers under asingle leadership infrastructure. The reorganization is alsodesigned to create a national organization focused solely on thecompany's development and investment activities.

As part of the restructuring, the company is undertaking anaggressive cost-cutting effort focusing on inefficiencies andredundancies. The goal of the cost-cutting effort will be toachieve an ultimate positive impact on earnings per share of 10cents to 15 cents.