REVERE, MA--Water's Edge Towers, luxury residential property that recently emerged from bankruptcy, nails down $19.5 million in financing. New management and an aggressive lease-up plan convinced the lenders to go ahead with the deal.

BOSTON-Carpenter & Co. received some surprising news when it heard that the board of the Boston Redevelopment Authority put off its vote on the Cambridge-based developer's hotel project because of its conflict with the hotel workers' union.

BOSTON-Tenants of the 3.2 million sf Prudential Center will get a new fitness center by early next year as, Fitcorp has signed a 15-year, 31,000-sf lease to develop a Fitcorp Fitness Center at the base of the 101 and 111 Huntington Avenue buildings.

SCITUATE, MA-In an expression of frustration at the state's affordable housing law which allows developers to bypass local zoning laws if their projects have an affordable housing component, some towns are asking the state to impose a five-year moratorium the projects.

GRAFTON, MA-The town has first rights of refusal on a 184-acre parcel located between Keith Road and Salisbury Street. A town official tells GlobeSt.com that the town is considering acquiring the property for $2.1 million.

BOSTON-Communities against Runway Expansion and the South Shore Jet Pollution Council appeal the Federal Aviation Administration's recent approval of a new runway at Logan International Airport. Massport has been trying to get this runway built for nearly three decades.

SCITUATE, MA-In an expression of frustration at the state's affordable housing law which allows developers to bypass local zoning laws if their projects have an affordable housing component, some towns are asking the state to impose a five-year moratorium the projects.

WINTHROP, MA-Winthrop Cove Realty Trust wants to build a 120-unit condominium complex in the former Winthrop Hospital. The developer has applied for a comprehensive permit under the state's affordable housing law and, not surprisingly, the plan faces intense local opposition.