Midlantic Calls Off IPO

Midlantic Office Trust, Rockville, Md., has decided not to proceed with a previously announced initial public offering, and therefore a proposed acquisition of certain properties from Bresler & Reiner Inc., Washington, will not occur, according to Bresler & Reiner.In its notification, Midlantic cited general market conditions as the reason for its decision, Bresler & Reiner said. Sidney M. Bresler, who had indicated his intention to resign as chief executive officer of Bresler & Reiner to take a similar post at Midlantic, will remain in his current position, the company said. Bresler & Reiner also announced the appointment of Robert O. Moore as its chief financial officer. Mr. Moore was most recently CFO of The Deltona Corp., a developer of planned residential communities. Bresler & Reiner can be found online at http://www.breslerandreiner.com.