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A partnership including Deutsche Bank AG is poised to take control of the John Hancock Center after buying $218 million of loans on the landmark Michigan Avenue skyscraper.
The German bank and New York-based NorthStar Realty Finance Corp. bought out three pieces of junior debt on the 100-story tower, including a $98 million piece partly owned by a fund managed by John Buck Co., which was paid off in full, according to a source familiar with the transaction.
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