|Traded as|| NYSE: BXP |
S&P 500 Component
|Industry||Real Estate Investment Trust|
|Founder||Mortimer Zuckerman, Edward H. Linde|
|Headquarters||Boston, Massachusetts, U.S.|
|Owen D. Thomas, CEO, Douglas T. Linde, President, Michael E. LaBelle, CFO, Mortimer Zuckerman, Chairman|
|Products||Real Estate Investment Trust, Property Developer|
Number of employees
|Subsidiaries||Boston Properties Limited Partnership|
Boston Properties, Inc., a self-administered and self-managed American real estate investment trust (REIT), is one of the largest owners, managers and developers of Class A office properties in the United States, with a significant presence in five markets: Boston, Los Angeles, New York, San Francisco and Washington, DC. The Company was founded in 1970 by Mortimer B. Zuckerman and Edward H. Linde in Boston, Massachusetts, where it maintains its headquarters. Boston Properties became a public company in June 1997 and is traded on the New York Stock Exchange under the symbol “BXP.”
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and timberlands. Some REITs engage in financing real estate.
Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates, and owns a diverse portfolio of primarily Class A office space totaling 47.7 million square feet and consisting of 164 office properties (including six properties under construction), five retail properties, four residential properties (including two properties under construction) and one hotel.
The company specializes in high-performance workspace and acquired several high-value properties in these markets.
In 1985 they won the bid against Donald Trump to re-develop the Coliseum at Columbus Circle.In 2008, they acquired the General Motors Building in New York City for US$2.8 billion, the highest paid for an American office building. It also owns one hotel property and is a member of REBNY.
Donald John Trump is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality.
The New York Coliseum was a convention center that stood at Columbus Circle in New York City from 1956 to 2000. It was designed by architects Leon and Lionel Levy in a modified International Style, and included both a low building with exhibition space and a 26-story office block. The project also included the construction of a housing development directly behind the complex.
Columbus Circle is a traffic circle and heavily trafficked intersection in the New York City borough of Manhattan, located at the intersection of Eighth Avenue, Broadway, Central Park South, and Central Park West, at the southwest corner of Central Park. The circle is the point from which official highway distances from New York City are measured, as well as the center of the 25 miles (40 km) restricted-travel area for C-2 visa holders.
In 2005, it constructed 901 New York Avenue NW in Washington, D.C.in the Mount Vernon Square neighborhood seven blocks northeast of the White House.
901 New York Avenue NW is a mid-rise Postmodern high-rise located in Washington, D.C., in the United States. The structure was developed by Boston Properties in an effort to help to revitalize the Mount Vernon Square neighborhood, and was completed in 2005. It is located on a roughly triangular parcel bounded by New York Avenue NW, K Street NW, and 10th Street NW, and is north of the CityCenterDC mixed-use residential, office, and retail project.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington or D.C., is the capital of the United States. Founded after the American Revolution as the seat of government of the newly independent country, Washington was named after George Washington, the first president of the United States and a Founding Father. As the seat of the United States federal government and several international organizations, Washington is an important world political capital. The city, located on the Potomac River bordering Maryland and Virginia, is one of the most visited cities in the world, with more than 20 million tourists annually.
The White House is the official residence and workplace of the president of the United States. It is located at 1600 Pennsylvania Avenue NW in Washington, D.C. and has been the residence of every U.S. president since John Adams in 1800. The term "White House" is often used as a metonym for the president and his advisers.
In October 2010, Boston Properties bought the former John Hancock Tower and Garage (now known as "200 Clarendon", but residents still call it by its former name) from a partnership between Normandy Real Estate Partners & Five Mile Capital Partners for $930 million.
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Brandywine Realty Trust is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, D.C., and Austin markets. Organized as a real estate investment trust (REIT), they own, develop, lease and manage an urban, town center and transit-oriented portfolio.
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Regency Centers Corporation is a real estate investment trust (REIT) based in Jacksonville, Florida and is one of the largest operators of grocery-anchored shopping centers. As of December 31, 2017, the company owned 426 properties comprising 53.9 million square feet of space, 80% of which are anchored by grocery stores that rank in the top three of their market.
SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City.
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PS Business Parks, Inc., a member of the S&P MidCap 400, is a publicly traded real estate investment trust that acquires, develops, owns and operates commercial properties, primarily multi-tenant industrial, flex and office space. The Company wholly owns over 28 million rentable square feet concentrated in six states and holds a 95% interest in a 395-unit apartment complex.
Joseph Moinian is an Iranian-American investor, real estate developer, and philanthropist. He is the Founder and Chief Executive Officer of The Moinian Group, one of the country's largest privately held real estate firms.
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