Broadway Partners bought the Hancock tower for a record $1.3 billion.
(Wiqan Ang for the Boston Globe/File 2006)
Hancock tower faces foreclosure
Lenders planning March 31 auction
Broadway Partners bought the Hancock tower for a record $1.3 billion.
(Wiqan Ang for the Boston Globe/File 2006)
The foreclosure crisis has hit Boston's most famous building. The John Hancock Tower will be auctioned off to the highest bidder next month after lenders moved to foreclose on owner Broadway Partners, which has defaulted on some of its debt payments on the building and two others it purchased in 2006. (Full article: 700 words)
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