BOSTON—Senior Housing Property Trust of Newton, MA has closed on the $1.125-billion acquisition of the two-building Vertex Pharmaceuticals global headquarters property at Boston's Fan Pier.

BENSALEM, PA—The official tourism agency for Bucks County, Visit Bucks County, reports that county's hotel occupancy rate in the first quarter rose 9.4%.

ATLANTIC CITY, NJ—Caesars Entertainment Corp., the largest operator of casinos here, says it is looking to further reduce costs as gaming facilities in Atlantic City continue to struggle, including considering possibly closing properties.

MIAMI—The first residential condominium construction project in Miami since 2008 hit a critical milestone with its recent foundation pour. The process took 20 hours over two days at the project site for the 37-story loft-style condo tower at 151 SE 1st St.

NEW YORK CITY—In a surprising move, the New York Public Library has abandoned its controversial $300-million plan to convert its main building into a circulating library.

MIAMI—Veteran residential real estate developer Oscar Barbara has been inducted into the Florida Atlantic Building Association's Hall of Fame.

BETHESDA, MD—Montgomery County's Make Office Vacancies Extinct incentive program has its first taker, a Landover-based e-marketing firm.

WASHINGTON, DC—Vornado Realty Trust is looking to sell its stake in the Shops at Georgetown Park shopping mall.