BOSTON-First quarter statistics compiled by Meredith & Grew, Inc. indicate that the market here is remaining relatively flat with vacancy rates at 12.3% compared to 11.7% at the end of last year. Of that figure, 40% is sublease space.

BOLTON, MA-The town's zoning board of appeals approves a developer's proposal for a 24-unit residential complex with an affordable-housing component but adds the caveat that the developer has to cap his profit from the project at 12.4%.

CAMBRIDGE, MA-The Exeter Group, a technology-consulting firm, leases 30,074 sf at One Canal Park, a 98,154-sf property. The building is 80% leased. This area's office market has been struggling with rising vacancy rates.

STONEHAM, MA- Leisure Manor Realty Trust secures $9.5 million in permanent mortgage financing for its 241-unit luxury apartment community, Leisure Lane, located on North Street Drive. Legg Mason Real Estate Services/Spectrum Financial arranged the financing, which was provided by Freddie Mac.

BOSTON-Fenway Ventures' development proposal for a 2.2-acre parcel in the Fenway is approved by the city's zoning commission. The project involves 580 units of housing, 53,000 sf of retail space and 500 underground parking spaces.

BOSTON-A study of 54 markets nationwide conducted by Portfolio and Property Research, a locally based real estate research group, indicates that the vacancy rates in most sectors of the commercial real estate market should peak by the end of this year.

BOSTON- A study of 54 markets nationwide conducted by Portfolio and Property Research, a locally based real estate research group, indicates that the vacancy rates in most sectors of the commercial real estate market should peak by the end of this year.

BOSTON-Boston Properties reports in its first quarter results of 2002 funds from operations of $88.9 million. The company's portfolio comprises 144 properties totaling more than 41.2 million sf, including 10 properties under development totaling 4.3 million sf.