Equity One cuts, restructures

South Florida real estate investment trust Equity One has begun a $2 million cost-cutting program including a management shuffle to more effectively manage its 146 shopping centers in the eastern U.S. Chief financial officer Greg Andrews has resigned and will leave the post April 24. The job will be filled by Mark Langer. Equity One is also trying to buy Farmington Hills, Mich.-based Ramco-Gershenson Properties Trust.