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We've dabbled in the destructoporn currently underway along Eighth Avenue between 45th and 46th Streetsa Related Companies/Boston Properties joint production that will end with a massive new office tower near Times Squarebut the wrecking ball continues on its path of...
ANOTHER of the Macklowe Properties' dominoes is heading to a greener pasture. This week, Somerset Partners is teeing up to acquire 527 Madison Ave. for around $260 million, or $1,100 a square foot. That's even more than the $234,641,309.00 that...
Simon Property Group Inc., a real estate investment trust that operates malls and shopping centers, on Monday raised the low end of its projected range for funds from operations in 2008. The company expects funds from operations between $6.38 per share and $6.45 per share for the year, up from an April forecast for FFO between [...]
Of Boston's many attractions, perhaps its most beloved isn't in the city itself, but floating on the water of Boston Harbor. The USS Constitution is an original three-masted heavy frigate of the U.S. Navy, and it has been in service...
Mort Zuckerman and company provided their now typical dose of depressing market predictions this morning during Boston Properties' second quarter earnings call . Our favorite bleak comment came from President Doug Linde, who, in speaking about the challenges facing the average American consumer, said, "We don't see any immediate catalyst for optimism." Such artful use of business-speak! Clearly someone's...
Real estate investment trust Boston Properties Inc. said late Tuesday said second-quarter results improved, helped by the acquisition of the GM Building in New York, and offered third-quarter guidance above analyst expectations.
BOSTON, July 22 -- Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, reported results today for the second quarter ended June 30, 2008. Funds from Operations (FFO) for the quarter ended J...
Reports diluted FFO per share of $1.19
Reports diluted EPS of $0.66
BOSTON, July 22 /PRNewswire-FirstCall/ -- Boston Properties, Inc.
(NYSE: ), a real estate investment trust, reported results today for the
second quarter ended June 30, 2008.
Funds from Operations (FFO) for the quarter ended June 30, 2008 were
$145.0 million, or $1.21 per share basic and $1.19 per share diluted. This
compares...
Boston Properties (BXP), a REIT, is expected to report Q2 earnings before market open Wednesday, July 23, with a conference call scheduled for 10:00 a.m. ET. Guidance Analysts are looking for EPS of $1.17 on revenue of $364.14M. The consensus range for EPS is $1.15 to $1.19, while the consensus range for revenue is $345.71M to $375.01M, according to First Call. In May, Boston Properties acquired the...
The law firm Hiscock & Barclay signed a four-year lease earlier this week for 12,500 square feet of space at Boston Properties ‘ 7 Times Square (Times Square Tower), which is currently seeking a LEED for Existing Buildings rating from USGBC. The firm is actually subleasing the space from another law firm- Brown Rudnick- and will pay approximately $90 per square foot. The 47-story, David Childs -designed...
Click the image above to view the full photogallery. Broadway theater-goers have front-row viewing for a whole new show near Times Square. This production is reportedly from the Odd Couple of Stephen Ross of Related Companies and Mort Zuckerman of...
An Abu Dhabi investment fund has bought a 75 percent stake in the iconic Chrysler Building, one of the best-known landmarks on the New York City skyline, officials said Wednesday. The Abu Dhabi
Real Estate is back in the news. In May, REIT Boston Properties bought the iconic General Motors Building in Manhattan for $2.8 billion from an investor who had defaulted on his debt payments. BXP's powerful investment partners? Kuwait and Qatar, whose governments think prime office property in New York City is a prime investment vehicle. Even as the housing crisis seems to deepen with each passing...