Company type | Public |
---|---|
Industry | Real estate |
Founded | 1970 |
Founders | |
Headquarters | Boston, Massachusetts, U.S. |
Key people | |
Revenue | US$3.274 billion (2023) |
US$291 million (2023) | |
Total assets | US$26.026 billion (2023) |
Total equity | US$8.877 billion (2023) |
Number of employees | 836 (2023) |
Website | bxp |
Footnotes /references Financials as of December 31,2023 [update] . References: [1] |
BXP, Inc. (formerly Boston Properties, Inc.) is a publicly traded real estate investment trust that invests in premier workplaces in Boston, Los Angeles, New York City, San Francisco, Seattle, and Washington, D.C. As of December 31, 2023, the company owned or had interests in 188 commercial real estate properties, aggregating approximately 53.3 million net rentable square feet. [1]
The company was founded in 1970 by Mortimer B. Zuckerman and Edward H. Linde in Boston. [2]
In 1985, the company outbid Donald Trump to re-develop the New York Coliseum at Columbus Circle. However the company did not proceed with development and sold the property, it is now the site of the Time Warner Center. [3] In 1986, the company completed 599 Lexington Avenue, its first development in New York City. [4]
In 1990, the company began construction of the NASA Headquarters. [5] It was sold to Hana Financial Group in 2002. [6]
In June 1997, the company became a public company via an initial public offering. [7] In October 1997, the company acquired 100 East Pratt Street. [8]
In 1998, it acquired Embarcadero Center for about $1.22 billion and acquired Prudential Tower and The Shops at Prudential Center for $519 million. [9]
In 2000 and 2001, the company completed development of several office buildings in Reston Town Center. From 2002 to 2005, it constructed 901 New York Avenue NW in Washington, D.C. [10]
In June 2008, the company acquired the General Motors Building in New York City for $2.8 billion, the highest paid for an American office building. [11]
In October 2010, the company acquired 200 Clarendon Street (formerly John Hancock Tower) for $930 million. [12]
In 2012, the company partnered with Hines Interests Limited Partnership to develop Salesforce Tower. [13] By 2019, it had acquired 100% of the property. [14]
The Transamerica Pyramid is a pyramid-shaped 48-story modernist skyscraper in San Francisco, California, United States, and the second tallest building in the San Francisco skyline. Located at 600 Montgomery Street between Clay and Washington Streets in the city's Financial District, it was the tallest building in San Francisco from its completion in 1972 until 2018 when the newly-constructed Salesforce Tower surpassed its height. The building no longer houses the headquarters of the Transamerica Corporation, which moved its U.S. headquarters to Baltimore, Maryland. The building is still associated with the company by being depicted on the company's logo. Designed by architect William Pereira and built by Hathaway Dinwiddie Construction Company, the building stands at 853 feet (260 m). On completion in 1972 it was the eighth-tallest building in the world. It is also a popular tourist site. In 2020, the building was sold to NYC investor Michael Shvo, who in 2022 hired Norman Foster to redesign the interiors and renovate the building.
Salesforce Tower is the tallest building in the U.S. state of Indiana. Opening in 1990, it surpassed the AUL Tower in Indianapolis for the distinction. The building's twin spires' are 811 feet (247 m) tall, while the 48 floors of office and retail space and 2 building equipment floors above that peak at the 701-foot (214 m) roof. It is the regional headquarters of Salesforce, which moved into the tower in the late-2010s and currently occupies a large amount of space in the building. While the tower has two spires of equal height, only one of them is functional as a transmission antenna. The other mast is merely an architectural decoration. The building was designed by KlingStubbins, and built by Indianapolis-based Huber Hunt & Nichols.
The Prudential Center is an enclosed shopping mall within the mixed-use Prudential Center complex in the Back Bay neighborhood of Boston, Massachusetts. It is located at the base of the Prudential Tower, and provides direct indoor connections to several nearby destinations including the Hynes Convention Center, the office towers at 101 and 111 Huntington Avenue, and the Sheraton Boston hotel. The mall is connected to the Copley Place shopping mall via a skybridge over Huntington Avenue. As of 2022, the complex features notable brands such as Saks Fifth Avenue, Earl's, Lacoste, Club Monaco, Ralph Lauren, and Vineyard Vines.
Two Prudential Plaza is a 64-story skyscraper located in the Loop area of Chicago, Illinois. At 995 feet (303 m) tall, it is the seventh-tallest building in Chicago as of 2022 and the 28th-tallest in the U.S., being only five feet from 1,000 feet, making it the closest of any building under 1,000. Built in 1990, the building was designed by the firm Loebl Schlossman & Hackl, with Stephen T. Wright as the principal in charge of design. It has received eight awards, including winning the Best Structure Award from the Structural Engineers Association of Illinois in 1995.
The Prudential Tower, also known as the Prudential Building or, colloquially, The Pru, is an international style skyscraper in Boston, Massachusetts. The building, a part of the Prudential Center complex, currently stands as the 2nd-tallest building in Boston, behind 200 Clarendon Street, formerly the John Hancock Tower. The Prudential Tower was designed by Charles Luckman and Associates for Prudential Insurance. Completed in 1964, the building is 749 feet (228 m) tall, with 52 floors, and is tied with others as the 114th-tallest in the United States. It contains 1.2 million sq ft (110,000 m2) of commercial and retail space. Including its radio mast, the tower's pinnacle height reaches 907 feet (276 m).
111 Huntington Avenue is a Boston skyscraper. Located on Huntington Avenue, it is part of the Prudential Center complex that also houses the Prudential Tower. Completed in 2002, the tower is 554 feet tall and houses 36 floors. It is Boston's 12th-tallest building. It won the 2002 bronze Emporis Skyscraper Award. It is sometimes given the unofficial nickname The R2-D2 Building after the Star Wars droid's top, and the Juicer Building after its juicer-type top.
The Financial District is a neighborhood in San Francisco, California, United States, that serves as its main central business district and had 372,829 jobs according to U.S. census tracts as of 2012-2016. It is home to the city's largest concentration of corporate headquarters, law firms, insurance companies, real estate firms, savings and loan banks, and other financial institutions. Multiple Fortune 500 companies headquartered in San Francisco have their offices in the Financial District, including Wells Fargo, Salesforce, and Gap.
1 New York Plaza is an office building in the Financial District of Manhattan in New York City, at the intersection of South and Whitehall Streets near South Ferry. The building, measuring 640 feet (200 m) tall with 50 floors, is the southernmost skyscraper in Lower Manhattan. It was designed by William Lescaze & Assocs. and Kahn & Jacobs, and developed by Sol Atlas and John P. McGrath.
Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, e-commerce, analytics, and application development.
Rincon Center is a complex of shops, restaurants, offices, and apartments in the South of Market neighborhood of Downtown San Francisco, California. It includes two buildings, one of which is the former Rincon Annex post office building, completed in 1940. Rincon Center occupies an entire city block near the Embarcadero, bounded by Mission, Howard, Spear, and Steuart Streets.
Embarcadero Center is a commercial complex of four office towers, two hotels, a shopping center with more than 125 stores, bars, and restaurants, and a fitness center on three levels located in San Francisco, California. There is an outdoor ice skating rink during winter months. Embarcadero Center sits on a 9.8-acre (4.0 ha) site largely bounded by Clay Street, Sacramento Street, Battery Street, and the Embarcadero, in the financial district of San Francisco.
Four Embarcadero Center is a class-A office skyscraper in the Financial District of San Francisco, California. The building is part of the Embarcadero Center complex of six interconnected buildings and one off-site extension. The skyscraper, completed in 1982, stands 174 m (571 ft) with 45 stories. Four Embarcadero Center is the tallest building out of the entire complex, standing at slightly taller than One Embarcadero Center, which is the second tallest in the complex without its flagpole.
Times Square Tower, also known as 7 Times Square, is a 48-story office skyscraper at the southern end of Times Square in the Midtown Manhattan neighborhood of New York City. Located on the city block bounded by Broadway, 42nd Street, Seventh Avenue, and 41st Street, the building measures 724 feet (221 m) tall. The building was designed by David Childs of Skidmore, Owings & Merrill and developed by Boston Properties. The site is owned by the New York City Department of Citywide Administrative Services, though Boston Properties and Norges Bank have a long-term leasehold on the building.
Edward H. Linde was an American real estate developer and philanthropist in Boston, Massachusetts. Alongside Mortimer B. Zuckerman, he co-founded Boston Properties in 1970.
Prudential Financial is based in Newark, New Jersey. It began as The Widows and Orphans Friendly Society in 1875, and for a short time it was called the Prudential Friendly Society. For many years after 1877 it was known as the Prudential Insurance Company of America, a name still widely in use. The company has constructed a number of buildings to house its offices in downtown in the Four Corners district. In addition to its own offices, the corporation has financed large projects in the city, including Gateway Center and Prudential Center. Prudential has over 5,000 employees in the city.
Salesforce Tower, formerly known as Transbay Tower, is a 61-story supertall skyscraper at 415 Mission Street, between First and Fremont Street, in the South of Market district of downtown San Francisco. Its main tenant is Salesforce, a cloud-based software company. The building is 1,070 feet (326 m) tall, with a top roof height of 970 feet (296 m). Designed by César Pelli and developed by Hines Interests Limited Partnership and Boston Properties, it was the last building designed by Pelli to be completed in his lifetime. As of 2024, Salesforce Tower is the tallest building in San Francisco and the second-tallest building both in California and west of the Mississippi River after the 1,100 feet (335 m) Wilshire Grand Center in Los Angeles.
Beacon Capital Partners is an American real estate investment firm based in Boston, Massachusetts. It was founded in 1998, after Beacon Properties, Inc., Beacon's predecessor, was acquired by EQ Office in a $4 billion transaction. The company focuses on office and life science properties in major markets across the United States. Its European presence formerly included buildings in London, Paris, and Luxemburg.
Park Tower at Transbay is a 43-story, 605-foot (184 m) office skyscraper in San Francisco, California. The tower is located on Block 5 of the San Francisco Transbay development plan at the corner of Beale and Howard Streets, near the Transbay Transit Center. The tower contains 743,000 square feet (69,000 m2) of office space. The entire office space has been leased by Facebook.