Holly trims back northern offices

Miami-based Holly Real Estate has pared back its operations, closing
offices in Jacksonville and Macon, Ga. It will continue to run its
northern operations from its Tampa offices. CEO William Holly said the
two offices were only brokerages, and its remaining offices, in Atlanta
and Miami, handle investments, joint ventures, development,
property management and consulting, as well as brokerage services. The
credit crisis is cutting down deal flow.