BOSTON-A recently released report by Spaulding & Slye Colliers indicates that the city's tower market is struggling. The report anticipates that the tower market will bottom out in 2004, with availability climbing through mid-year 2005.

MILFORD, MA-The owners of a 25-acre parcel in the Milford/Bellingham Industrial Park want the town to rezone the site for residential use. Domenic and Tina Afonso proposed building an 88-unit affordable housing project on the site, but would build a 60-unit market-rate project if the zoning request is approved.

BOSTON-The funds are being provided by MassHousing from its Priority Development Fund, a $100 million effort to increase housing production in the state that was introduced in January.

BOSTON-After four years of construction, the new Boston Convention & Exhibition Center opens its doors. The $800 million taxpayer financed facility struggled with cost overruns and a dearth of initial bookings as well as opposition to the project.

BOSTON-Boston Capital expands and renews its lease at One Boston Place. The real estate financing and investment firm is leasing 48,269 sf at this location, of which 9,000 sf is an expansion of the firm's space. The lease term is twelve years.

BEDFORD, MA-Reveal Imaging Technologies, a locally based company that is developing a new paradigm for government-mandated explosives detection systems for airport security, is leasing 38,941 sf of office space at 201 Burlington Rd.

BOSTON-An affiliate of Oasis Development Enterprises purchases 10 Milk St., an 11-story building located in the heart of the financial district, from New York-based RAK Group LLC. This is the first purchase in the city for the real estate investment group, based in Lynn and Cambridge.

CAMBRIDGE, MA-Skysa Hennessy Group, Interwise and Smartleaf Inc. signed leases totaling 21,776 sf for office space in the city. The deals involved, respectively, a lease renewal, a lease of direct space and a sublease transaction.