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One of the biggest prizes in Boston-area real estate went Tuesday to the Massachusetts Institute of Technology, when US officials tapped the university to redevelop the Volpe Transportation Center in Kendall Square.

MIT beat out a half-dozen major real estate firms for the 14-acre site, which is one of the last remaining big properties that can be redeveloped in one of the hottest real estate markets in the country.

Read the full Boston Globe article here.