Boston Properties
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| Type | Public company (NYSE: BXP) S&P 500 Component |
|---|---|
| Industry | Property Investment Trust |
| Founded | 1970 |
| Founder(s) | 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. (NYSE: BXP) is a self-managed real estate investment trust (REIT) based in Boston, Massachusetts. Its primary focus is "Class A" office space which it acquires, develops, and manages in the major markets of Boston, New York City, Washington, D.C., and San Francisco. The company has acquired several high-value properties in these markets, including the General Motors Building in New York City for $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 listed in June 1997.
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.[3]
[edit] References
- ^ "Boston Properties Forms Joint Venture and Completes Acquisition of the General Motors Building". Cable News Network. June 10 2008. http://money.cnn.com/news/newsfeeds/articles/prnewswire/200806101455PR_NEWS_USPR_____NYTU116.htm. Retrieved 2008-06-11.[dead link]
- ^ "Deutsche Bank May Sell Towers Seized From Macklowe (Update2)". Bloomberg.com. 2008-06-11. http://www.bloomberg.com/apps/news?pid=20601085&sid=aywxzrUNa0eY. Retrieved 2008-07-28.
- ^ "Boston Properties buys Boston tower for $930M". Business Week. http://www.businessweek.com/ap/financialnews/D9IKV6FO2.htm. Retrieved 4 October 2010.
