Boston

WALTHAM, MA-Polaroid Corp. sells its 56-acre campus here to the Davis Companies in a joint venture with Prudential Real Estate Advisors. The embattled instant photography company has been struggling to reduce its debt.

QUINCY, MA-Massachusetts Heavy Industries' latest financial scheme to gain control of the Fore River Shipyard here is coming under scrutiny. The bankrupt company needs to raise $55 million to be able to get another chance to revive the shipyard.

NORTH ANDOVER, MA-Lucent Technologies, the New Jersey-based telecommunications company, plans to cut 1,000 jobs in this state. While the company intends to keep all facilities in this state open, some consolidation might eventually occur.

BOSTON-CRESA Partners/Boston reports that Marilyn Rubbico and Ryan Hawley have joined the firm as vice president and associate respectively. In addition to providing data, Rubbico will act as a broker in the Route 128 North submarket.

HUDSON, MA-A little over a year after Intel announced that it would be investing $1 billion to develop a chip-making plant here, the company announces that it is halting construction on part of the project.

WALTHAM, MA-Public Storage Inc. purchases the Fotobeam/IKON site here. A series of developers who were never able to get approval because of the property's constraints have eyed the site.

BOSTON-Recent city assessments increase the value of the land that comprises the site of the proposed new ballpark in Fenway. The team has been struggling to finance its share of the project and the increase in land values further complicates their plans.