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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (201887)10/6/2023 6:48:30 AM
From: maceng2  Respond to of 217561
 
A worthy rant :-)




To: TobagoJack who wrote (201887)10/6/2023 9:27:39 AM
From: Pogeu Mahone  Read Replies (1) | Respond to of 217561
 
Why Boston closes down at 8:30

From $16 million to $4.1 million: What a downtown office building sale signals about Boston’s real estate market
The sale could be a warning of the possible distress facing much of the city’s older office stock.

From $16 million to $4.1 million: What a downtown office building sale signals about Boston’s real estate market

By Catherine Carlock Globe Staff,Updated October 5, 2023, 1:20 p.m.

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The pair of office buildings at 33-41 West St. recently sold for just a quarter of what they fetched seven years ago.DAVID L. RYAN/GLOBE STAFF

In the middle of West Street, a one-block stretch between Boston Common and Downtown Crossing’s main drag, sit two conjoined, nondescript buildings that encapsulate the struggles of the downtown office market.

The pair ofoffice buildings at 33-41 West St. — one five stories with a dingy white facade, the other, eight floors of red brick — areabout half-full, like the street itself, with empty lots and buildings surrounding a dormitory for Suffolk University, and nonprofit and union offices. Shoppersmeander through the $1, $3, and $5 outdoor racks at Brattle Book Shop; a few lots down, a developer has proposed turning a surface parking lot into a hotel.

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