Transactions - MAY 19, 2014

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Blackstone Group to sell five Boston high-rise towers for $2b

by Andrea Waitrovich

The Blackstone Group has agreed to sell five Boston-area high-rise office towers to a venture led by Oxford Properties Group, the property investment arm of the Ontario Municipal Employees Retirement System, for approximately $2.1 billion. The sale was reported earlier by The Wall Street Journal, The New York Times and Boston Globe.

Blackstone purchased the properties in 2007 as part of its acquisition of

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