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John Hancock Tower Sold For $930 Million

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The John Hancock Tower, a 62-story glass skyscraper in Boston's Back Bay, was one of the first real estate trophies to run into trouble when the speculative property boom abruptly ended two years ago.

With the market in free fall, Normandy Real Estate Partners and Five Mile Capital Partners bought the building at a foreclosure auction 18 months ago for $660.6 million, or about half the price in 2006.

Read the whole story at nytimes.com

Around the Web

John Hancock Tower Sells for $930 Million - NYTimes.com

Half-Price Sale: Boston's Hancock Tower - WSJ.com

John Hancock Tower - Wikipedia, the free encyclopedia