BILLERICA, MA—Nova Biomedical Corp. has acquired its second building in Billerica with the purchase of 165 Lexington Road from KS Partners.

RESTON, VA—Fannie Mae, which recently struck a deal for new headquarters space in Washington, DC, is looking for a significant amount of office space here.

BALTIMORE—A group of four development firms called the New Old Town Team is looking to move forward with their ambitious plan to redevelop the shuttered Old Town Mall.

PHILADELPHIA—Hoteliers in the Philadelphia area are rejoicing as the Democratic Party selected the City of Brotherly Love over other finalists Brooklyn, NY and Columbus, OH for its 2016 National Convention.

CARLSTADT, NJ—Pictorial Offset Corp., a 78-year-printing company here, has notified state labor officials that it will lay off its 113-member workforce and cease operations in two weeks.

HARMANS, MD—Trammell Crow Co.is set to break ground on the long-delayed project at the Emerson Electric Co. manufacturing site.

WASHINGTON, DC—A proposed retail project to replace a surface parking lot here is now before the Board of Zoning Adjustments and could break ground in late 2015.

BOSTON—Veteran real estate finance executive Michael Buckley as senior vice president with brokerage firm Avison Young's capital markets team here.