Articles from BXP

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it signed approximately 2.3 million square feet of leases in the fourth quarter of 2024 with a weighted-average lease term of 10.3 years, bringing BXP’s total leasing activity for 2024 to approximately 5.6 million square feet. The leasing volume is the strongest quarterly leasing for BXP since the second quarter of 2019 and the amount leased is approximately 130% of BXP’s historical 10-year average for the fourth quarter.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that on December 27, 2024, it completed the acquisition of 725 12th Street, a 300,000 square foot, 12-story property in the East End of Washington, DC, for a gross purchase price of $34 million. BXP plans to demolish and redevelop the property into an approximately 320,000 square foot premier workplace. In conjunction with closing, BXP has executed an approximately 150,000 square foot lease with global law firm McDermott Will & Emery for the top five floors of the future newly constructed trophy property and is currently negotiating with a client for the majority of the remaining space.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it signed an approximately 378,000 square foot lease renewal and expansion with Bain Capital at 200 Clarendon Street in Boston, Massachusetts.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that Owen Thomas – Chairman & CEO, Douglas Linde – President, and Michael LaBelle – Chief Financial Officer, will participate in and present at Nareit’s 2024 REITweek Investor Conference, which will take place June 4-6, 2024 at the New York Hilton Midtown in New York City, New York.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it will host BXP’s third annual Sustainability & Impact Investor Update on Wednesday, May 15, 2024 at 2:00 PM ET.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the first quarter ended March 31, 2024.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced the release of BXP’s 2023 Sustainability & Impact Report.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it will release financial results for the first quarter 2024 on Tuesday, April 30, 2024, after the close of trading on the NYSE. BXP will host a conference call and webcast on Wednesday, May 1, 2024, at 10:00 A.M. Eastern Time, to discuss the financial results and provide an update on BXP.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that it has completed the previously announced sale of a 45% interest in 290 Binney Street, a life sciences development located in Kendall Square in Cambridge, Massachusetts, to Norges Bank Investment Management. NBIM’s investment will reduce BXP’s share of the project’s estimated development spend over time by approximately $533.5 million.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that Owen Thomas – Chairman & Chief Executive Officer, Doug Linde – President and Mike LaBelle – Chief Financial Officer, will participate in a roundtable discussion at the 2024 Citi Global Property CEO Conference, which will be held at the Diplomat Resort & Spa from March 3-6, 2024, in Hollywood, Florida.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that Douglas Linde – President, and Michael LaBelle – Chief Financial Officer, will participate in and present at the 2024 BofA Securities Financial Services Conference, which will be held at 1 Hotel South Beach from February 20-22, 2024 in Miami Beach, Florida.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the fourth quarter ended December 31, 2023.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that it has signed a ten-year, approximately 467,000 square foot, multi-building lease extension with Snap Inc. at Santa Monica Business Park.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it will release financial results for the fourth quarter and full year 2023 on Tuesday, January 30, 2024, after the close of trading on the NYSE. BXP will host a conference call and webcast on Wednesday, January 31, 2024, at 10:00 A.M. Eastern Time, to discuss the financial results and provide an update on BXP.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that it has entered into agreements to sell a 45% interest in two life sciences development properties located in Kendall Square in Cambridge, Massachusetts, to Norges Bank Investment Management at a gross valuation of approximately $1.66 billion or $2,050 per square foot. The properties – 290 Binney Street and 300 Binney Street – total 810,000 square feet and are each 100% pre-leased. BXP will retain a 55% interest in the joint ventures and will provide development, property management, and leasing services for the ventures. NBIM funded approximately $212.9 million at closing for its investment in 300 Binney Street and, upon closing of its investment in 290 Binney Street, NBIM’s investment will reduce BXP’s share of estimated future development spend over time by approximately $533.5 million.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the third quarter ended September 30, 2023.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that it has earned top ESG ratings in the 2023 GRESB® assessment. BXP achieved second place within its Development Peer Group, third place in its Standing Investments Peer Group, and fourth overall among U.S. listed participants. BXP achieved the highest scores in several categories, including Data Monitoring & Review, Leadership, Targets, Policies, Reporting, and Stakeholder Engagement. BXP has been a top GRESB performer for over a decade, earning a twelfth consecutive “Green Star” recognition, the highest GRESB 5-star Rating, and an “A” level disclosure score.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that its operating partnership, Boston Properties Limited Partnership (“BPLP”), has exercised a portion of the accordion feature under its existing revolving credit facility to increase the available borrowing capacity by an aggregate amount of $315.0 million, increasing the facility’s maximum borrowing capacity to $1.815 billion. The facility currently has no outstanding balances.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it will release financial results for the third quarter on Wednesday, November 1, 2023, after the close of trading on the NYSE. BXP will host a conference call and webcast on Thursday, November 2, 2023, at 10:00 A.M. Eastern Time, to discuss the financial results and provide an update on BXP.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that Douglas Linde – President and Michael LaBelle – Chief Financial Officer, will participate in and present at the following investor conferences:

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the second quarter ended June 30, 2023.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it will release financial results for the second quarter on Tuesday, August 1, 2023, after the close of trading on the NYSE. BXP will host a conference call and webcast on Wednesday, August 2, 2023, at 10:00 A.M. Eastern Time, to discuss the financial results and provide an update on BXP.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that Owen Thomas – Chairman & CEO, Douglas Linde – President, and Michael LaBelle – Chief Financial Officer, will participate in and present at Nareit’s REITweek Investor Conference, which will take place June 6-8, 2023 in New York City, New York.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it will host BXP’s second annual ESG Investor Update on Wednesday, May 31, 2023 at 2:00 PM ET.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the first quarter ended March 31, 2023.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced the release of BXP’s 2022 ESG Report.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it will release financial results for the first quarter on Tuesday, April 25, 2023, after the close of trading on the NYSE. BXP will host a conference call and webcast on Wednesday, April 26, 2023, at 10:00 A.M. Eastern Time, to discuss the financial results and provide an update on BXP.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that it has received the 2023 ENERGY STAR Partner of the Year—Sustained Excellence Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy for the third consecutive year.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that Senior Executive Vice President Raymond A. Ritchey has elected to transition to a less than full time role. Although Mr. Ritchey will be allocating time to personal, business, and philanthropic pursuits outside of BXP, he will remain an integral member of the executive management team at BXP, and he will continue to support BXP’s Washington, DC, Los Angeles, and Seattle regional businesses, as well as coordinate companywide leasing and cross regional client relationships.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that Owen Thomas – Chairman & Chief Executive Officer and Doug Linde – President, will participate in a roundtable discussion at the 2023 Citi Global Property CEO Conference, which will be held at the Diplomat Resort & Spa March 5-8, 2023, in Hollywood, Florida.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that Owen Thomas – Chairman & Chief Executive Officer and Michael LaBelle – Chief Financial Officer, will participate in a company presentation at the 2023 BofA Securities Financial Services Conference, which will be held at the Conrad Downtown Hotel from February 14-16, 2023, in New York, New York.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the fourth quarter and full year ended December 31, 2022.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that it has been named to Newsweek’s list of America’s Most Responsible Companies for 2023. BXP ranked first in the Real Estate & Housing industry with an increased ranking of 29th overall out of the 500 companies included and had the third highest environmental score. In addition, BXP was named to the Dow Jones Sustainability Index (DJSI) North America for 2022, its second consecutive year in the highly selective index. BXP was one of eight real estate companies that qualified.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that its operating partnership, Boston Properties Limited Partnership (“BPLP”), has closed on a new, $1.2 billion unsecured term loan facility that matures in May 2024, with one, twelve-month extension option subject to the satisfaction of customary conditions.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it will release financial results for the fourth quarter and full year 2022 on Tuesday, January 31, 2023, after the close of trading on the NYSE. BXP will host a conference call and webcast on Wednesday, February 1, 2023, at 10:00 A.M. Eastern Time, to discuss the financial results and provide an update on BXP.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that it has been awarded Nareit’s 2022 Leader in the Light Award in the office property sector. This award is the highest achievement for Office REITs and acknowledges BXP’s leadership in demonstrating outstanding sustainability practices throughout the year.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it completed the disposition of The Avant at Reston Town Center in Reston, Virginia, for a gross sale price of $141 million and net proceeds of approximately $138 million.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the third quarter ended September 30, 2022.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that it has earned a top ESG rating in the 2022 GRESB® assessment. BXP earned an eleventh consecutive “Green Star” recognition and the highest GRESB 5-star Rating, as well as an “A” disclosure score. BXP also achieved the highest scores in several categories, including Data Monitoring & Review, Targets, Policies, Reporting, and Leadership.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it will release financial results for the third quarter of 2022 on Tuesday, October 25, 2022, after the close of trading on the NYSE. BXP will host a conference call and webcast on Wednesday, October 26, 2022, at 10:00 A.M. Eastern Time to discuss the financial results for the third quarter and provide an update on BXP.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it completed the acquisition of 125 Broadway, a six-story, 271,000 square foot laboratory/life sciences property. BXP purchased the property from Biogen for a gross purchase price of approximately $592.0 million. Biogen has signed a lease for and will continue to occupy the entire property through April 2028. BXP funded the purchase price with cash and borrowings under its line of credit, and it is evaluating opportunities to own the property with one or more joint venture equity partners.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of Class A office properties in the United States, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.98 per share of common stock for the period July 1, 2022 to September 30, 2022, payable on October 31, 2022 to shareholders of record as of the close of business on September 30, 2022.

BXP (NYSEBXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today it will host an Investor Conference in Boston, Massachusetts on Tuesday, September 20, 2022. Events during the conference will be webcast live beginning at approximately 8:00 am ET and are scheduled to conclude at approximately 5:00 pm ET. At the conference, Owen Thomas – Chairman & CEO, Douglas Linde – President, Michael LaBelle – Chief Financial Officer, and other members of BXP’s management team will discuss the current operating environment and trends; BXP’s near- and long-term strategies; BXP’s development, redevelopment, acquisition, and disposition activities; and other business and financial matters that may be of interest to BXP’s investors.