Last Updated: August 13, 2008 10:08am ET
UPDATE

Boston Properties Closes on Two Tower Buys

By Natalie Dolce

NEW YORK CITY-The company pays $705 million for 540 Madison Ave. and Two Grand Central Tower, which are part of a nearly $4-billion portfolio buy from affiliates of Macklowe Properties.

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BofA Reevaluates US Real Estate Portfolio

NEW YORK CITY-The investment bank would only save One Bryant Park in Manhattan and Bank of America Corporate Center in Charlotte, media reports show.

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