The Ticker

Romney, Peter Lynch sell local properties

Mitt and Ann Romney are pulling up roots in Belmont — and apparently turning a profit.

Massachusetts' former first couple sold their South Cottage Road condo earlier this month for $1.2 million, according to property records.

Romney, the former Bay State governor and 2012 presidential candidate, and his wife, Ann, had owned the condo at the Woodlands at Belmont Hill since June 2010, when they purchased it for $850,000, records show.

Meanwhile, legendary Fidelity money manager Peter Lynch and his wife, Carolyn, have sold their Beacon Hill home at 51 Chestnut St. in Boston at a loss, for 
$4.5 million, according to Registry of Deeds documents. The circa-1830, Federal-style townhouse had been on the market since 2010, when the asking price was $6.85 million. The Lynches bought it for 
$5.125 million in 2005.

Lincoln Property buys 40 Court St.

Dallas-based Lincoln Property Co. has purchased the 110,000-square-foot office building at 40 Court St. in Boston's Financial District for $31 million, according to Registry of Deeds documents. The seller, New York real estate private equity firm Brickman, bought the property for $37 million in 2007 at the height of the Boston real estate market.

Built in 1912, the United States Trust Co. or Scollay Building's tenants include the Oceanaire Seafood Room, Massachusetts League of Community Health Centers, the Anti-Defamation League of New England and Kearney, Donovan & McGee P.C.

States release zero-emissions auto plan

Eight states on the East and West coasts including Massachusetts released a plan yesterday to work together to put 3.3 million zero-emission vehicles on the nation's roads by 2025.

The so-called "action plan" follows last year's memorandum of understanding announced by the governors of the states, including California and New York. The other states in the pact are Maryland, Oregon, Connecticut, Rhode Island and Vermont. The states represent about 23 percent of the U.S. auto market.

Car manufacturers applauded the action plan but said a lot of work needs to be done to meet the
3.3 million goal with zero-emission vehicles making up less than 1 percent of nationwide new car sales.

Today

 Commerce Department releases personal income and spending for April.

THE SHUFFLE

The Parthenon Group has named Peter Gates as senior adviser. Gates joins the Global Healthcare Practice, where he will focus on strategy development and value creation in the health care industry. Gates has 25 years of experience as both an executive and a consultant for health care companies.

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