BOSTON-The prospect of rent control, which was recently proposed by City Mayor Thomas M. Menino, continues to frighten developers. But city representatives insist that the city is ready to work with property owners to hammer out a law that will work for everyone.

WILMINGTON, MA-Sealed Air Corp. leases 29,950-sf of warehouse and distribution space at 80 Industrial Way. The company, a global supplier of protective and specialty packaging, will use the space for the warehouse and distribution of its products to customers in the Northeast.

BOSTON-Bain & Co. signs a letter of intent to take 120,000 sf at 131 Dartmouth St. The management consulting firm would be the 11-story, 353,000-sf office tower's first tenant and a real coup for the project, which has been struggling to fill its space.

BOSTON-A $50 million loan is secured for 99 High St., the 271,000-sf office tower located in the city's financial district. The building was acquired by a joint venture of Washington, DC-based Carlyle Group and locally based Paradigm Properties over two years ago.

BOSTON-MassHousing gives SCP Associates a $34.8 million loan to finance its acquisition and renovation of South Cove Plaza Apartments, a 231-unit complex located at 230 Stuart St. and 285 Tremont St.

BOSTON-Hines and TUDC drop the height of the office tower at their 1.9-million sf mixed-use project proposed for South Station. The developers say they are responding to concerns voiced by abutters and the FAA over the planned height of the building.

BOXBOROUGH, MA-Seranoa Networks, a venture-capital backed high-tech start up, takes 25,000 sf at 60 Codman Hill Rd. The broker involved says that flexible lease terms are bringing young companies into this 98,131-sf building.

PORTSMOUTH, MA-Financing in the amount of $11.75 million is nailed down for Commerce Way Portfolio, a 233,953-sf office park comprising five buildings. Commerce Way is one of the area's largest suburban office parks.