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BOSTON-Occupancy rates at hotels in this area and in Cambridge plummet as the local hotel industry begins to feel the economic pinch. Hotel industry officials would like to see the state do more to stem the fall.

NEW YORK CITY- Mark Gordon, a managing partner in Sonnenblick-Goldman's International Lodging and Leisure Group, says there is unmistakably a slowdown; however, capitalization rates have not changed significantly, and hotels here are performing well.

DALLAS-There is less construction in the hotel industry than in years past, but it's not bad news, say Texas experts. Demand and supply remain in check. Texas metropolises, save for Austin, aren't feeling the hit from corporate travel cuts.

WASHINGTON, DC-While REITS report a 7.5% increase in funds from operations, the S&P 500 showed a 6.5% drop in earnings per share, according to the National Association of Real Estate Investment Trusts.

FARMINGTON HILLS, MI-The 35,339-sf medical office building, owned by Rontal Investment Co. LLC, is financed with a $4.75-million loan arranged by Bernard Financial Group. The lender is Clarica U.S. Inc.

ANN ARBOR, MI-A $500-million program of new research buildings is planned by the University of Michigan Health System. The projects include a new children's hospital, life sciences institute and cardiovascular center.

DENVER-More than 16,500 professionals attend the national convention of the American Institute of Architects, which passed a resolution to help national leaders develop a national energy policy.

WASHINGTON, DC-The National Association of Realtors and Camara Argentina de la Propriedad Horizontal y Actividades Immobiliarias have concluded joint meetings here and signed a historic alliance agreement.