Boston Global Investors (BGI)

Money Moves

Developer of the approved but unbuilt Motor Mart condo tower

Boston's Motor Mart garage, once billed as the world's largest parking structure, has a new owner at a sharply reduced price: Related Beal and Freeport Equity bought the 1,037-stall garage at 201 Stuart St. The Boston Globe, citing an anonymous source, reported the price at about $89 million, a little more than half the $162.5 million CIM Group paid in 2016.

Updated Oct 16