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Kevin_OShea_A&O.jpgOn Tuesday 31 March, in a conference room in the midtown Manhattan offices of Skadden Arps Slate Meagher & Flom, the bidding for the IM Pei-designed John Hancock Building in Boston was over in under 60 seconds. According to The Boston Globe, one lone bidder raised his hand: Jeffrey Gronning, an executive with Normandy Real Estate Partners. His winning offer: $20m (£13.4m), plus the assumption of $640m (£430m) in debt.

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