Fred Borges

Money Moves

Publicly explained why Rockpoint defaulted on the 100 Summer St. mortgage and then bought the tower back

Rockpoint Group bought back 100 Summer St. at a foreclosure auction on Oct. 27, 2026, paying $260 million for the 32-story tower it had bought for $806 million in 2019. The auction lasted about 40 seconds and drew one bid: Rockpoint's, at the $260 million opening set by lender Wells Fargo.

Updated Oct 30