State Street Corp.’s planned $4.5 billion takeover of crosstown rival Investors Financial Services could lead to sluggish demand for Boston office space, according to a Boston Herald story. When the Boston-based firms announced the deal, they said 1,700 jobs, mostly in Massachusetts, would get the ax. Investors Financial has grown quickly, leading to its voracious appetite for real estate in Boston's Back Bay, according to the Herald. Now under State Street ownership, some of those leases may no longer be needed. Although Boston office space has low vacancy rates, the recent consolidation of businesses headquartered in the city could crimp demand for new towers, concludes the Herald story. —Matthew Wurtzel
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