Boston Properties

Boston Properties Inc.
Public company
Traded as NYSE: BXP
S&P 500 Component
Industry Real Estate Investment Trust
Founded 1970
Founder Mortimer Zuckerman, Edward H. Linde
Headquarters Boston, Massachusetts, U.S.
Key people
 Owen D. Thomas, CEO, Douglas T. Linde, President, Michael E. LaBelle, CFO, Mortimer Zuckerman, Chairman
Products Real Estate Investment Trust, Property Developer
Revenue $2.4 Billion (2014)
$433 Million (2014)
Number of employees
 760
Subsidiaries Boston Properties Limited Partnership
Website www.bostonproperties.com

Boston Properties, Inc. is a self-managed American 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 one hotel property and is a member of REBNY.[3]

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.[4]

In 2005, it constructed 901 New York Avenue NW in Washington, D.C.[5] 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.[6]

References

  1. ↑ "Boston Properties Forms Joint Venture and Completes Acquisition of the General Motors Building". Cable News Network. June 10, 2008. Retrieved 2008-06-11.
  2. ↑ "Deutsche Bank May Sell Towers Seized From Macklowe (Update2)". Bloomberg.com. 2008-06-11. Retrieved 2008-07-28.
  3. ↑ "Member Firms". rebny.com.
  4. ↑ "NYSE Technologies Global Market Data". nyse.com. Archived from the original on February 22, 2014.
  5. ↑ 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.
  6. ↑ "Boston Properties buys Boston tower for $930M". Business Week. Archived from the original on 7 October 2010. Retrieved 4 October 2010.

External links


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