By Daniel Walker Guido
Facing a mandate from investors to shutter money-losing operations, real estate research and consulting firm The Meyers Group is closing seven offices in high-growth metropolitan areas. Founded in 1985 as a one-man operation in Del Mar, Calif., Meyers has steadily expanded nationwide. The cuts were mandated by one of the firm's financial backers, either Amstar Capital of Denver or AEW Capital Management of Boston. CEO Jeff Meyers declined to identify which investor group ordered the closings. The offices closing are in Atlanta, Austin, Texas, Houston, Miami, Orlando, Fla., San Antonio, and Tampa, Fla. Meyers will retain locations scattered throughout Arizona, California, Colorado, Maryland, New Jersey, Pennsylvania, Texas, and Washington, D.C.