SOUTH END— Healthcare Trust of America has acquired 670 Albany Street, a 161,000 s.f. biomedical research facility near BMC's BioSquare and the BU Medical Center for a cool $101.5 million. [BBJ]
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BOSTON—With an average rental price of $1,939 per month, Greater Boston has the fourth highest metro effective apartment rent after NYC, San Francisco, and San Jose. But will it last? Given the high number of new supply coming into the market, the upward price push is likely to slow down. [BBJ]