Boston Buildings Sell for High Prices Despite Slowing U.S. Economy.
By Richard Kindleberger, The Boston Globe Knight Ridder/Tribune Business News
Apr. 21--Fifteen months after the 32-story Keystone Building changed hands at what was widely perceived as the top of the market, the then-buyer has sold it at a sharply higher price.
The building, also known as 99 High St., has just sold for $213.5 million, or about $292 a square foot. That's 27 percent higher than Boston Capital Institutional Advisors paid when it bought the building in January 2000, according to numbers provided by the broker, Edward C. Maher Jr. of Trammell Crow Co.
Meanwhile, the sale of One Federal Street, the 38-story tower that houses FleetBoston Financial Corp. …
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