WESTBOROUGH, MA—Health care IT company eClinicalWorks is expanding its operations here and is investing more than $50 million in the purchase and upgrade of the vacant 900 West Park Drive office building.

NEW YORK CITY—The median price for a Manhattan residential property in the third quarter shattered all previous records, breaking the $1-million threshold at $1.04 million.

CAMBRIDGE, MA—Chalk up another major lease deal at Alexandria Real Estate Equities' Kendall Square development here as biotech firm bluebirdbio, Inc. has inked a lease for 253,000 square feet of space at 60 Binney St., which is currently under construction.

NEW YORK CITY—Kamber Management Co., which recently acquired the office building on West 45th St., has secured a loan from MetLife to help finance the acquisition.

DUBLIN, VA—The Volvo Group has struck a deal with the Commonwealth of Virginia to invest $38.1 million in improvements at its New River Valley assembly plant here.

NEW YORK CITY—The firm has provided a pair of CMBS loans for a multifamily portfolio in Atlanta and a mixed-use property in Avon, CO.

CAMBRIDGE, MA—A report released by brokerage firm Transwestern indicates that availability for lab space here has hit a historic low at 7.5%. Availability for lab space in the Greater Boston region has also hit an all-time low at 9.3%.

BOSTON—Locally-based JW Capital Partners has officially started the approval process with the Boston Redevelopment Authority for its ambitious $250-millon Lewis Wharf waterfront hotel redevelopment project.