Boston tower faces foreclosure after sale

A 32-story office building at 100 Summer St. in downtown Boston is scheduled for foreclosure auction next month. Owned by Rockpoint, which purchased it in 2019 for $806 million, the property has experienced declining values due to the slow recovery of Boston’s commercial real estate market following the COVID-19 pandemic. The building is 72% leased, with major tenants including Bloomberg and Bullhorn, and the auction is set for October 2.

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