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Boston Properties Considering Sale Of Princeton Portfolio

By A.D. Pruitt Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Boston Properties Inc. (BXP) said Wednesday the real estate investment trust is considering selling a significant stake or its entire office portfolio in Princeton, N.J. that totals about 2 million square feet. The potential sale is a part of a group of select asset sales the company says it's mulling this year mostly located in suburban markets. "We're recapitalizing to sell a significant portion or the entire Carnegie Center asset," Doug Linde, President of Boston Properties said, during the company's quarterly earnings call Wednesday. Carnegie Center is a suburban office park comprising 16 buildings which the company has owned for 13 years. At 87.6% occupancy rate, the Princeton portfolio has one of the highest vacancy rates among the markets Boston Properties operates in including Boston, Washington D.C., New York and San Francisco. -By A.D. Pruitt, Dow Jones Newswires; 212-416-2197; angela.pruitt@dowjones.com;

Stock News for Boston Properties (BXP)
DateTimeHeadline
11/11/201616:01:00Boston Properties to Participate in the NAREIT REITWorld 2016...
11/07/201617:28:14Quarterly Report (10-q)
11/01/201614:55:55Statement of Changes in Beneficial Ownership (4)
11/01/201614:55:20Statement of Changes in Beneficial Ownership (4)
11/01/201614:55:20Statement of Changes in Beneficial Ownership (4)
11/01/201614:54:53Statement of Changes in Beneficial Ownership (4)
11/01/201614:54:26Statement of Changes in Beneficial Ownership (4)
11/01/201614:53:58Statement of Changes in Beneficial Ownership (4)
11/01/201614:53:02Statement of Changes in Beneficial Ownership (4)
10/28/201617:31:00Boston Properties to Participate in the 2016 Goldman Sachs Industrials...
10/26/201606:04:29Current Report Filing (8-k)
10/25/201619:59:00Boston Properties Revises 2016 Guidance, Gives Disappointing...
10/25/201619:03:00Boston Properties Announces Third Quarter 2016 Results
10/13/201617:10:00Salesforce Tower Becomes the Tallest Building in San Francisco
10/12/201616:35:00Boston Properties to Release Third Quarter 2016 Financial Results...
10/04/201612:46:58Statement of Changes in Beneficial Ownership (4)
10/04/201612:46:58Statement of Changes in Beneficial Ownership (4)
10/04/201612:46:30Statement of Changes in Beneficial Ownership (4)
10/04/201612:45:33Statement of Changes in Beneficial Ownership (4)
10/04/201612:44:39Statement of Changes in Beneficial Ownership (4)

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