New York Gobbles Up Boston Buildings
Yet another thing wherein New York dominates Boston, a city in Massachusetts on the Charles River--ownership of office buildings in Boston's financial district.
Fifty-three percent of financial-district buildings are now owned by New York-based landlords, The Wall Street Journal reports. These include One Federal Street, bought by Tishman Speyer last year, and the recent purchase of the State Street Financial Center by Fortis Property Group.
A decade ago, 55 percent of Boston's financial-district buildings were owned by local landlords.
- Tom Acitelli
