Boston condos
OK, this isn’t residential news. But it’s huge commercial real estate news in Boston: Blackstone is selling off more than 3 million square feet of its office holdings in Boston for $2.1 billion.
We’re talking about 100 High Street, 125 Summer Street, 60 State Street, 225 Franklin Street and half of Rowe’s Wharf. Is there anything left in the Financial District that wasn’t in the deal? (Yes, we’re just kidding.)
The sale is actually a sign of Boston’s strength, not weakness. But it’s still a major, major shake-up in the commercial real estate market here.
File under: Big deal, literally and figuratively.
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Updated: December 2017
