NORTH ANDOVER, MA- Global Communications Corp. relocates its headquarters to a 17,000-sf facility here. The move comes just as the company receives $15.6 million in second-round financing, earmarked to develop its latest tranceiver chips.

FRANKLIN, MA- Fantini & Gorga/iCap Realty Advisors arranges $4.5 million in permanent acquisition financing for 38 Forge Park, an 80,000-sf office and research and development building here. The building is currently fully leased to Dynisco LLC's subsidiary, Dynisco Instruments and to Cisco Systems.

BOSTON-State Street Corp. will sublet 250,000-sf of space at One Lincoln St., the 36-story office tower being developed in the heart of the financial district. A spokesperson for State Street tells GlobeSt.com that the company's decision to sublet is not a sudden strategy shift.

ARLINGTON, MA-This town is taking a regional approach to development in the area by asking neighboring Belmont and Cambridge to join it in a tri-community development district. Similar districts have been established in other areas of eastern Massachusetts.

WAREHAM, MA-Developers withdraw their proposal to create a highway commercial overlay district here after some town officials say the idea needs more study. The firm would like to develop a 300-acre parcel here off Route 25.

ARLINGTON, MA-This town is taking a regional approach to development in the area by asking neighboring Belmont and Cambridge to join it in a tri-community development district. Similar districts have been established in other areas of eastern Massachusetts.

WALTHAM, MA-Simpson Gumpertz & Heger Inc. leases 50,000 sf of space here in iPark, the 12-building, 1.4 million-sf high-tech campus that straddles the Watertown border. The structural engineering firm needs room to grow.

BOSTON-As local hotel occupancy rates plummet, industry experts tell GlobeSt.com they expect the downward spiral to continue for at least the 18 months.