Boston Properties

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Boston Properties Inc.
Type Public company (NYSEBXP)
S&P 500 Component
Industry Property Investment Trust
Founded 1970
Founders Mortimer Zuckerman
Headquarters Boston, Massachusetts, U.S.
Key people Mortimer Zuckerman, Chairman, Edward H. Linde, President and CEO
Products investment trust, Property developer
Revenue $1,482 Million (2007)
Net income $1 Million (2007)
Subsidiaries Boston Properties Limited Partnership
Website www.bostonproperties.com

Boston Properties, Inc. is a self-managed real estate investment trust (REIT) based in Boston, Massachusetts, USA. It mainly acquires, develops, and manages "Class A" office space in Boston, New York City, Washington, D.C., and San Francisco. The company specializes in high-performance workspace and acquired several high-value properties in these markets, including the General Motors Building in New York City for US$2.8 billion, the highest paid for an American office building.[1][2] It also owns two hotel properties.

It was founded in 1970 by Mortimer Zuckerman and Edward H. Linde, and became publicly listed on the New York Stock Exchange (NYSE) in June 1997.[3]

In 2005 it constructed 901 New York Avenue NW in Washington, D.C.[4] in the Mount Vernon Square neighborhood seven blocks northeast of the White House.

In October 2010 Boston Properties bought the John Hancock Tower and Garage from a partnership between Normandy Real Estate Partners & Five Mile Capital Partners for $930 million.[5]

References[edit]

  1. ^ "Boston Properties Forms Joint Venture and Completes Acquisition of the General Motors Building". Cable News Network. June 10, 2008. Retrieved 2008-06-11. [dead link]
  2. ^ "Deutsche Bank May Sell Towers Seized From Macklowe (Update2)". Bloomberg.com. 2008-06-11. Retrieved 2008-07-28. 
  3. ^ http://www.nyse.com/listed/bxp.html
  4. ^ Mazzucca, Tim. "Firms Fight Over Office With Downtown Image." Washington Business Journal. June 6, 2005; White, Suzanne. "901 New York A Go for PoGo." Washington Business Journal. February 3, 2003; White, Suzanne. "Boston Properties Signs Anchor Tenant at 901 New York." Washington Business Journal. March 19, 2002.
  5. ^ "Boston Properties buys Boston tower for $930M". Business Week. Retrieved 4 October 2010. 

External links[edit]