Beacon Capital to pay $390m for half of One Financial

Beacon Capital Partners LLC, which had sold most of its Boston-area real estate, is jumping back in as a buyer despite record high prices for commercial properties, agreeing to acquire half of One Financial Center for a reported $390 million. The Boston private real estate investment trust run by Alan Leventhal and partners is buying the interest held by Rose Associates Inc. of New York since Rose developed the 46-story tower in 1984. Along with One International Place, it is one of downtown's two tallest buildings.