BOSTON-David Wyss, the chief economist for Standard & Poor's Corp. in New York City, tells GlobeSt.com that this area's commercial real estate market will probably not see a turnaround until next year, and conditions in the market will worsen before they improve.

ANDOVER, MA-An office park on 40 Shattuck Road that was developed last spring by Boston Properties Inc. manages to acquire two new tenants as well as lease additional space to an existing tenant. The 230,000-sf complex now has 20,000-sf still available.

CHELMSFORD, MA-This area on Route 495 North has recently seen more than 350,000 sf of its space go on the market. The broker tells GlobeSt.com that while there has been interest in the flex space, the pure office space is a tougher sell.

GREATER BOSTON-A third quarter report indicates that while vacancy rates have gone up, a good deal of that is due to sublease space. A local industry expert insists that this is an indication that while the economy is suffering, the commercial real estate market here is fundamentally healthy.

SOMERVILLE, MA-This city is finally close to coming to an agreement with IKEA, the Swedish-based furniture chain, to locate a store here at Assembly Square on a 16-acre parcel. The store will be 250,000 sf and will include a mixed-use component on the site.

BOSTON-The aftermath of the attacks and a softening economy continues to be felt in the market here as a local developer delays construction on a $100 million project planned for the south end neighborhood. A spokesperson for the city tells GlobeSt.com that construction will begin within two months.

BOSTON-Construction on the 450-room hotel to be built here on the waterfront in South Boston will be delayed because of financing difficulties. The move could have severe repercussions on the nearby $800-million convention center.

PLYMOUTH, MA-The largest planned community in the state is going up here. The Pinehills is being built on over 3,000 acres with a new kind of zoning plan known as Open Space Mixed Use Development, which essentially means the developers are creating a small town.