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Issue of June 19, 2006 |     |
Partnership Moving Rapidly on Plans for Fargo BuildingBy Joe Clements Perhaps no Hub commercial property better reflects the notion that “the more things change, the more they stay the same” than the 96-year-old Fargo Building in South Boston. Front-Runner Emerges for Tech Square By Joe Clements In a head-to-head competition that fomented nearly two dozen offers and a blockbuster price said to approach $600 million, Alexandria Real Estate Equities has emerged the front-runner to acquire Technology Square in Cambridge, industry sources have told Banker & Tradesman. The seven-building portfolio is owned by the Massachusetts Institute of Technology, which is expected to retain a minority position in the complex going forward. Buildings in Hub’s Downtown Attracting Plethora of Suitors By Joe Clements Two more Boston commercial properties are close to going buy/buy. |
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