SOMERVILLE, MA-Fantini & Gorga/iCap Realty Advisors arranges $6 million in construction financing for Park Loft Condominiums, a mixed-use development here. Despite the current economic climate, a spokesman for the company tells GlobeSt.com that arranging financing for similar developments is not difficult.

CAMBRIDGE, MA-Polaroid Corp., which has had a presence in this city for over 60 years, may move its headquarters out of the area. The instant photography company has been struggling financially and is looking to generate cash from its real estate portfolio.

COHASSET, MA-The town would like to see a 62-acre parcel--one of the large potential commercial sites here--developed for commercial use, but Virginia-based AvalonBay Communities is interested in putting up a residential complex instead.

PLYMOUTH, MA-A.D. Makepeace decides to withdraw its proposal to develop a master-planned community on its 6,000-acre parcel that straddles this town, Carver and Wareham. The company indicates that its decision reflects lack of community support for its plan.

BOSTON-The Senate unanimously passes a large housing bill that includes amendments to Chapter 40B, the state affordable housing law. Towns and cities complained that the law allowed developers to unfairly bypass local zoning laws and the amendments are aimed to provide a measure of relief.

BELMONT, MA-The fate of a 16-acre parcel nine miles Northwest of Downtown Boston is unclear as the clock runs out on its 18-month development moratorium. The town wants time to figure out how to best rezone the residential-use-only property.

MERRIMAC, MA-Two brothers propose building this town's largest-ever residential project on part of a 76-acre farm that's been in their family for six generations. The developers applying for a comprehensive permit under 6the state's affordable housing law.

STURBRIDGE, MA-The town breathes a sigh of relief as the US Bureau of Indian Affairs fails to recognize either faction of the Nipmuc Nation as a tribe. The Nipmucs of Sutton were hoping to develop a casino in this area but needs official tribal status to do so.