Boston Properties reached its second deal in Seattle after expanding to the market last year, revealing a $730M acquisition in its Q1 earnings release.
Boston Properties executives shared concerns about leasing activity during an earnings call, as recessionary warnings are amplifying.
The pivot occurs as Mount Vernon Triangle sees a growing number of multifamily projects and fewer office developments.
Vantage Data Centers acquired 10 acres near its two data center projects already underway.
The office REIT increased its earnings guidance after beating projections in the second quarter, and executives voiced renewed confidence in the office market.
Boston's office market has seen yet another quarter of negative absorption and rising vacancy, which industry experts say is part of a bigger correction.
The REIT's unsecured credit rating was downgraded one notch due to the challenges in the office market, but Moody's said it has a stable outlook.
The office REIT bought out the shares of joint venture partners at three of its properties in New York, D.C. and Santa Monica.
Boston Properties signed a lease with the Massachusetts Department of Transportation to allow the development of a 27-story office tower in the Back Bay.
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