The Ticker

Back Bay parking space sells for $125G

An off-street parking space behind 349 Marlborough St. in the Back Bay went for a cool $125,000 yesterday at auction.

That's a relative bargain compared to two tandem parking spaces just a couple of blocks away that sold for $560,000 in June.

One potential bidder, who declined to give his name, said the spot was "completely different" from the ones that sold in June.

The space behind the Marlborough Street building is the inside part of a tandem spot, and requires cooperation and coordination with the owner of the outside space, who was present at the auction.

"You're only going to control half the tandem spot here, and it was the inside half," said auctioneer Michael Saperstein. "I think it really makes a difference.

The identity of the buyer, an investor represented by auction company Paul E. Saperstein Co., was not disclosed, nor was the identity of the seller.

Piano maker Steinway sold for $499M

Steinway has been sold for about $499 million and will again become a private company.

The company struck a deal with Paulson & Co., the investment firm founded by John Paulson, for $40 per share. That topped an earlier $35 per-share offer from Kohlberg & Co.

Steinway will discard its sales agreement with Kohlberg and pay a termination penalty of about $6.7 million.

TODAY

 Labor Department releases weekly jobless claims and Consumer Price Index for July.

 Federal Reserve releases industrial production for July.

 Freddie Mac, the mortgage company, releases weekly mortgage rates.

 National Association of Home Builders releases housing market index for August.

TOMORROW

 Commerce Department releases housing starts for July.

 Labor Department releases second-quarter productivity data.

 New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced the promotion of David Walker to vice president of construction in the Northeast. Walker's primary responsibility will be as the owner's representative in managing the Suffolk Construction team for the construction of One Greenway.

 Skanska USA Building, a provider of construction management, preconstruction and design-build services, announced the hiring of Jim Maguire as vice president and project executive for its Boston office. Maguire brings 29 years of experience to Skanska.

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