Panattoni cuts back local presence

January 19, 2009
California-based Panattoni Development Co. has eliminated its two-person Indianapolis development team as part of closures and job cuts in five cities.

The company still is handling construction and project management duties out of the local office. It will manage the development of Indianapolis properties from its St. Louis office.

Other cities affected by the closures are Fort Lauderdale, Fla.; Memphis; and San Jose, Calif.
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