Continue reading "Bite Size News, October 8: Planes, Autos, Book Carts Edition"
Boston's John Hancock Tower, the tallest building in New England, was sold at auction today in New York, reports the Globe. Financial experts believe that the building will go for between $650 and $750 million, half of its 2006 price of $1.3 billion. (ETA: The building sold for $660 million.) Broadway Partners, the building's former owners, paid the $1.3 billion with labyrinth of funding, and the group defaulted on some of its loans earlier this year.