METHUEN, MA-Parlex Corporation closes the doors on its 46,000-sf laminated cable manufacturing facility in Salem, NH. The company has been shifting a lot of its work to China and now has excess capacity in its 200,000-sf facility near its headquarters here.

VIRGINIA BEACH, VA-About $18 million in financing is secured for the development of a $20 million Hilton Garden Inn, which will be part of Armada/Hoffler's massive mixed-use Town Center development project. Neighboring Hampton University commits the funds from its $175 million endowment.

AUSTIN-Cencor Acquisition Co. and GE Capital put out the cash for eight shopping centers straddling practically every Austin submarket. The team has a "Three R" strategy that includes rehabs for some properties.

SAN DIEGO, CA-San Diego is faring the best out of all of California's hospitality markets, according to research released today by Ernst & Young. Occupancy levels for the region were down only 1.9% in June, the report points out.