WORCESTER, MA-The American Red Cross of Central Massachusetts buys a five-acre parcel off East Mountain Street in the Worcester Corporate Center. The organization plans to relocate its headquarters from downtown Worcester to this site, where it will build a 24,854-sf building.

NATICK, MA-A court's decision to overturn the town's denial of a comprehensive permit could mean that a locally based developer's bid to build a 183-unit, 10-story apartment building behind the Cloverleaf Mall in the old Service Merchandise building might come to fruition.

BOSTON-The Retail Stores at the Prince nails down $12 million in permanent mortgage financing, a loan that works out to $480 per sf for the 25,000-sf shopping center located at 201 Newbury St., a premier retail location.

NATICK, MA-Florida-based Baker Partners proposes redeveloping the 80,000-sf Lowes movie theater into a shopping center that will house an Ethan Allen, La-Z-Boy and Borders Books as well as another 18,000 to 20,000 sf of retail space.

BOSTON-The quarterly statistics are out and the picture remains the same: Vacancy rates are going up and rents are going down. Sublease space continues to have a huge impact on the market as tenants are not interested in short-term deals.

WEST GREENWICH, CT-Amgen Inc. receives FDA approval for the use of its new 250,000-sf manufacturing facility at 40 Technology Way. The company manufactures Enbrel, a drug for rheumatoid arthritis sufferers, at the location.

BOSTON-Locally based Charlesbank Capital Partners, LLC, forms an investment venture with Raleigh, NC-based Winston Hotels to acquire more than $100 million worth of hotel properties. The unit will focus on assets in need of fresh capital and aggressive management.

MANSFIELD, MA-Seven towns along Route 495 want to receive an Economic Target Area designation from the state that would enable them to lure businesses into the area. The designation requires that the towns collectively designate 200 acres for the development of a regional technology center.