Reshuffling Management Portfolio: Irvine Co., which last...

Reshuffling Management Portfolio: Irvine Co., which last month shuffled and reassigned its retail-property management units, confirmed Monday that it is now doing the same with its office-management portfolio. The Newport Beach-based company has sent out requests for proposals from its three office-property managers--Prentiss Properties in Dallas, PM Realty in Houston and Tooley & Co. in Los Angeles--for management of about 6 million square feet of office property. Irvine Co. said it plans to reduce its office-space management units from three to two or even one to save money in a slow market.