RE Firm Buying $3.3B Portfolio

Broadway Partners, a New York-based private real estate investment and management company, has reported that it is acquiring a 10-building national office portfolio from Boston-based Beacon Capital Partners LLC for more than $3.3 billion.The portfolio consists of properties in Boston (including the 60-story John Hancock Tower), Los Angeles, Washington, and Denver, the company said. "This is a significant group of marquee properties in highly desirable markets that we are confident will deliver strong risk-adjusted returns to our investors," said Scott Lawlor, founder and chief executive officer of Broadway Partners.

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