WHITE PLAINS, NY—While brokerage firm JLL reports that Westchester County enjoyed a surge in leasing activity in the second quarter, the vacancy rate countywide and in many of its major markets continue to be inflated and north of 20%.

BOSTON—Wells Fargo is consolidating its operations at multiple locations in Boston to 150,000 square feet of space at the 125 High St. complex in the city's Financial District.

BOSTON—While investment interest is still very strong in multifamily product and development here, potential warning signs of some markets becoming overbuilt have emerged.

CAMBRIDGE, MA—The estimated $1.2-billion Kendall Square Initiative at the Massachusetts Institute of Technology campus here has advanced to a critical stage in the approval process. MIT has announced that it has filed its Project Review and Planned Unit Development special permit applications with the Cambridge Planning Board.

BOSTON—The greater Boston area and particularly Cambridge has seen tremendous sales and leasing activity from healthcare and biotech related firms of late. A panel of experts at last week's RealShare Boston conference expect interest from these sectors to remain high for the foreseeable future.

WASHINGTON, DC—New York City-based law firm Boies, Schiller & Flexner LLP is relocating to 1401 New York Ave.

NEW YORK CITY—That metric soared a whopping 74% in the second quarter of 2015 as compared to a year earlier.

BOSTON—Failure to gain sufficient public support and statements by Mayor Martin Walsh at a Monday morning press conference led to the U.S. Olympic Committee and supporters of Boston's bid for the 2024 Olympic Games to jointly announce that the campaign to site the games in Boston was at an end.