The Ticker

Boston office building sells for $110 million

Cornerstone Real Estate Advisers has purchased the 20-story, red-roofed Financial District office building at 99 Summer St. for $110.8 million from Normandy Real Estate Partners, according to documents filed yesterday with the Suffolk County Registry of Deeds.

A Hartford-based real estate investment management company, Cornerstone is a subsidiary of Springfield-based MassMutual Financial Group.

Normandy, which is headquartered in Morristown, N.J., had owned the 272,614-square-foot, Class A office tower since late 2006.

Investors face scary September

August was tough on the stock market. Now, investors face an even scarier September.

Disappointing news on consumer spending helped pull stocks lower yesterday in a quiet end to the market's worst month in more than a year.

The Standard & Poor 500 index closed August with a loss of 3.1 percent while the Dow Jones industrial average lost 4.4 percent.

Both had their biggest one-month drop since May 2012.

Tooth Fairy inflation: Price nears $4

Days of finding a quarter under your pillow are long gone. The Tooth Fairy no longer leaves loose change.

Kids this year are getting an average of $3.70 per lost tooth, a 23 percent jump over last year's rate of $3.

And that's a 42 percent spike from the $2.60 per tooth that the Tooth Fairy gave in 2011, according to a new survey by payment processor Visa Inc., released yesterday with an update of the company's Tooth Fairy personal finance app.

Mexico ships best tequila to China

Mexico has shipped its first load of blue agave tequila to China in hopes of turning the Asian nation into the biggest market for the alcoholic beverage after the U.S.

The shipment of more than 70,000 bottles contains nearly 14,000 gallons of 100 percent blue agave tequila, considered the best quality.

Chinese President Xi Jinping in June lifted the previous import ban on Mexico's 100 percent blue agave tequila.

• The Mohegan Tribal Gaming Authority announced the promotion of Tom Cantone to senior vice president of sports and entertainment. Cantone will oversee all aspects of the entertainment offerings at all MTGA properties including future properties.
• Foley & Lardner LLP announced Beth Boland has joined the firm's Business Litigation & Dispute Resolution practice as a partner in the Boston office. Boland focuses her practice on complex business litigation and government investigations.

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