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Developer offering Hub office condos at a steep discount

Average rent in city about 20% off market peak

Michael Rauseo bought 22 units at 185 Devonshire St. for $5.1 million. The remaining units were sold by the previous owner. Michael Rauseo bought 22 units at 185 Devonshire St. for $5.1 million. The remaining units were sold by the previous owner. (David L. Ryan/ Globe Staff/ File 2005)
By Casey Ross
Globe Staff / March 17, 2009

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In 2006, developer Michael Rauseo stirred downtown Boston's housing market with a rare auction of newly built condominiums in the Financial District. (Full article: 379 words)

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