Which way forward for the John Hancock Center?

Click for larger imageWhat direction should the new owners of the John Hancock Center take? Convert the vacant office spaces into a hotel or try to lease them? Rumors about the iconic building’s future are flying thick and fast after Goldman Sachs & Co’s Whitehall Fund bought the tower for $385 million on Friday. Financial analysts noted that the company paid an extraordinary amount for the building given that the office vacancy rate is 25 percent.

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