Boston Foreclosure Auctions
Hancock Tower in Downtown Boston Foreclosed
The Warren Residential Group reports that Broadway Real Estate Partners LLC defaulted on the $700 mezzanine loan they took on the Hancock Tower. The Hancock was part of a $3.3 billion portfolio acquisition by Broadway from local real estate firm Beacon Capital. Broadway is now feeling the effects of a softening Boston commercial real estate market with tenants [...]
Upcoming Foreclosure Auction in Boston
If you’re looking to purchase a foreclosed home in the greater Boston area, the upcoming auction, being held at the the Boston Quincy Marriott, should be a great opportunity. About 100 bank-owned properties from Boston to Charlton will be sold to the top bidder on January 31st, during a ballroom auction at the hotel. Dallas-based [...]