BOSTON-Five Mile Capital Partners and Normandy Real Estate Partners, the owners of the John Hancock Tower, have put 50% to 90% stake in the tower up for sale.
Some of the leading bidders include Beacon Capital Partners, Boston Properties and Vornado Realty Trust. The present owners will continue managing the tower. Due to the slow market for constructing new towers, investors are looking to grab existing towers such as the Hancock. For the full story, go to Boston Globe.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
