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WeWork Stops Rent Payments At More Properties
News

WeWork Stops Rent Payments At More Properties

... company file for bankruptcy, as many expect it will. Boston Properties CEO Owen Thomas said it brings in $33M in ... footprint,” he said on this week's earnings call.  Boston Properties President Douglas Linde declined to speculate whether its other leases ...

Nov 03, 2023
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BXP Writes Down Asset Values, Modifies Loans As It Seeks To Hold On For Office Recovery
News

BXP Writes Down Asset Values, Modifies Loans As It Seeks To Hold On For Office Recovery

... as information and financial services.” The impairment charge Boston Properties paid was for its joint venture investments in ... transaction. Rather than walking away from the property, Boston Properties agreed to invest new money, in partnership with Artemis ...

Nov 02, 2023
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Dock 72 in Brooklyn Navy Yard, viewed from the water
News

Rudin, Boston Properties' High-Profile Brooklyn Project Finally Lands First Non-WeWork Tenant

... a 42K SF lease at the building, Rudin Development and Boston Properties announced, and it plans to move to the Brooklyn waterfront ... attempt at going public was going south. In January, Boston Properties said it had taken impairment charge in the quarter of ...

Oct 27, 2021
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Moderna HQ rendering
News

Alexandria Doubles Down On Asset Sales, Megacampus Strategy Amid Biotech Headwinds

... in Cambridge to Boston Children’s Hospital will ideally strengthen the attractiveness of the REIT’s other adjacent properties. The firm  ... disclosed a $91M impairment charge for a pair of Boston properties it plans to sell. It had earlier planned to turn ...

Oct 24, 2023
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The Metropolitan Square office building at 655 15th St. NW
News

This Week's D.C. Deal Sheet: BXP 'Isn't Going Anywhere' At Met Square

Blackstone and Boston Properties, which previously owned 80% and 20% of the asset, respectively, ... the Falkland Chase Apartments, a 438-unit community spanning three properties in Silver Spring, in separate transactions totaling $95M, the Washington ...

Oct 06, 2023
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The Metropolitan Square office building at 655 15th St. NW
News

D.C.'s Metropolitan Square Office Building Changes Hands

...  previously owned 80% of the property and Boston Properties owned 20%. Boston Properties Executive Vice President and co-head of the ... will also continue to manage and lease the property.  "Boston Properties isn't going anywhere," Stroman said. "We’re ...

Oct 03, 2023
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The view of 343 Madison Ave. in July 2022, when the property was undergoing demolition.
News

Norges Bank Buys 45% Stake In BXP’s 900K SF Madison Avenue Office Project

... fund Norges Bank Investment Management is coming on board as Boston Properties’ partner on a 49-story office project in Midtown ... , BXP executives said on an earnings call last month.  Boston Properties didn't respond to Bisnow’s request for comment, and ...

Sep 27, 2023
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Law Firm Expands To Boston With New Office At 200 Clarendon
News

Law Firm Expands To Boston With New Office At 200 Clarendon

... provides the opportunity to further integrate our firm into Boston’s vibrant life sciences and healthcare ecosystem,” Dan Kracov ... 1.7M SF of offices. Boston Properties acquired the tower in 2010. In May, the Boston Business Journal reported that Bain ...

Sep 21, 2023
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office workers
News

Another Labor Day Came And Went Without A Spike In Office Occupancy

... across the country, it tracks thousands of properties and has become the industry's go-to ... Green, Vornado, Tishman Speyer, Rudin Management, Silverstein Properties, Brookfield, Boston Properties, Related and Rockefeller Group. BXP President Doug Linde ...

Sep 13, 2023
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Dock 72 in Brooklyn Navy Yard, viewed from the water
News

Vice Media Could Take Huge Chunk Of Rudin, Boston Properties' Dock 72

...  and was ultimately canned. Toward the end of last year, Boston Properties said it was writing down a $60.5M impairment charge ... a result of the protracted lease-up and extra costs. Boston Properties said the slower-than-expected leasing was due to the ...

Aug 26, 2021
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