John Hancock Tower Auctioned Off for $660.6 Million

That's 51% less than what Broadway Partners paid in 2006. From Bloomberg:

Normandy Real Estate Partners and Five Mile Capital Partners won the auction today for Boston’s John Hancock Tower, the tallest skyscraper in New England.

The companies agreed to pay $20.1 million for the mezzanine debt on the 60-story building and assume the mortgage of $640.5 million, according to a statement today.

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Commercial Real Estate Auction to Rise