"Market heats up for office towers" January 16, 2012|Casey Ross, Globe Staff
Boston’s office towers are again hot commodities after several years of slow sales, a sign the city’s economic recovery is gathering speed as businesses expand and investors swarm opportunities to snap up trophy properties....
The increasing activity is one of the strongest indications yet that Boston’s business community is emerging from a downturn that resulted in hundreds of lost jobs, lower profits and confidence, and paralysis in both the residential and commercial real estate sectors.
Building owners are seeing their offices fill up, leading to higher rents, which makes their properties more attractive to potential buyers. Many buildings have been the objects of bidding wars in recent months, with pension funds, insurance companies, and overseas investors competing to own a piece of the skyline....
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