Republic's Prez Terminates Employment

Republic Property Trust, Washington, has announced that Steven A. Grigg has terminated his employment as president and chief development officer, but will continue as vice chairman of the real estate investment trust.Republic reported that Mr. Grigg "alleges that his employment has been terminated for 'good reason' and has asserted certain claims under his employment agreement. The company believes these assertions are without merit. Prior to Mr. Grigg's termination of employment, the company had been pursuing discussions with Mr. Grigg regarding a negotiated termination of his employment and his employment agreement at the direction of the company's board of directors." Mark R. Keller, Republic's chief executive officer, has temporarily assumed Mr. Grigg's responsibilities, the company said.