CAMBRIDGE, MA—There was definitely cause for celebration here for most area football fans on Wednesday when a federal judge nullified New England Patriots superstar quarterback Tom Brady's four-game suspension in the “Deflategate” scandal. Another piece of welcome news came from a report released by the Massachusetts Biotechnology Council that has commercial real estate brokers and investors breaking out the champagne as well.

NEW YORK CITY—The hotel investment firm, which recently opened an office here to branch out into other CRE asset classes, is beefing up its local operations.

FAIRFAX, VA—Renovations at the Fair Oaks Medical Building II have helped spur more than 11,000 square feet in new leased deals.

NEW YORK CITY—After securing nearly $103 million in acquisition financing, the new ownership of 260 W. 78th St. plans to convert the commercial property into apartments.

WALTHAM, MA—American Realty Advisors of Glendale, CA has sold a nearly 295,000-square-foot three-building office complex here for $116.7 million to the building's largest tenant—the Massachusetts General Physicians Organization.

BOSTON—Most regions in and around the city share two common characteristics that reflect very strong office markets, low vacancies and rising rents.

NEW YORK CITY—A joint venture partnership of Sherwood Equities and the Arun Bhatia Development Organization has secured a construction loan for a high-end condominium development in Midtown South.

BALTIMORE—State officials say that the Helen Delich Bentley Port of Baltimore set a host of new cargo records in fiscal year 2015.