Current Nrei Newsletters

Subscribe to Newsletters

Join the Conversation

Distressed Deals Losing Luster

Published Friday, May 01, 2009

A couple of significant news items came crashing onto the desks of industry execs recently. And these news items are swiftly bringing current market conditions into sharper focus. First, Normandy Real Estate Partners and Five Mile Capital Partners in late March bought the John Hancock Tower in Boston for $660.5 million, a far cry from the $1.3 billion paid three years ago by now defunct Broadway Partners. The prized Class-A property was purchased from the trustees to manage the property back into an attractive, income-producing ...

To continue reading this article, please register or login – it’s quick and free…

Member Login

Forgot password? Need Help?

Enter your email address below, and we'll email your password.

Are cookies enabled in your browser?

This site uses cookies and session data to keep track of your name and preferences while you're logged in. You cannot login without enabling cookies.

One Step Registration

Fill out the form below for instant access to the page you’ve requested.

Website members also receive access to our entire archive and may apply for a complimentary subscription to our print magazine.
All fields are required Personal Info
  Required Must be a valid email
  Required Passwords must match
  Required
  Required
  Required
  Required
  Required
  Required
  Required

National Real Estate Investor Magazine

Submit the form for instant access to the page you've requested.

Quick Poll

NREI Interactive Products

Blogs

  • Green Shoots

  • BlackSwan

  • Traffic Court

Marketplace Ads