Immediately before the New Year the famous Boston skyscraper, John Hancock Tower, was purchased by Boston Properties for US $ 930 million. The building was initially purchased at a foreclosure auction 18 months ago by Normandy Real Estate Partners and Five Mile Capital Partners for $660.6 million. The resale of the Hancock tower can be described as a brilliant deal, which could not occur without such a chaotic state of the real estate market in the U.S. Note that the famous skyscraper in 2006 cost about US $ 1.3 billion. The total area of floor space is about 158.000 sq. m.

John Hancock, the 60 story tower with 241m in height, was built in 1976 and is still the tallest building in Boston. The building is designed by IM Pei & Partners, for which in 1977 the American Institute of Architecture presented the firm with a National Honor Award. According to experts, the glass walls of the Tower reflect its surroundings, do not interfere with it and are in harmony with the historic City of Boston. The same "glass experiment" IM Pei & Partners used when designing the glass pyramid in the middle of historic Louvre, which could not happen without criticism.

The building is named after John Hancock (1737-1793) - the first governor of Massachusetts, a patriot of the American Revolution and the author of the stylish signature on the Declaration of Independence of America. Another building named after John Hancock is the Chicago's John Hancock Center, a 100-storey, 344m tall skyscraper.