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3/2/2009

John Hancock Tower in Foreclosure

-1.7 Million Square feet of office space

-Sold in 2003 for 910 Million from John Hancock to a Boston investment firm.

-Sold in 2006 for 1.3 Billion from the Boston firm to a New York firm called Broadway Partners

-Now in 2009 looking at foreclosure on March 31 if a settlement isn't reached by then.

-This probably won't effect current tenants at all...Will just effect the ownership of the building.

Customer
Testimonial

I would like to thank you for all of your help in closing the deal on the Home we purchased through you. Your creative negotiations after the home inspection allowed the seller to understand our position in a respectful and well explained manner.

Your presentation of our final offer in the letter you sent to the seller was what I believe the reason he accepted our offer. I also couldn't believe how fast we received our cash back rebate. Everything went through as promised. I will use you in the future and definitely recommend your services.

Anthony D. Quincy, MA

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