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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
05/20/201516:03:09Current Report Filing (8-k)
05/20/201512:15:10What Is the S&P 500 Index?
05/15/201510:02:21Stock Market Tips for Investing in Real Estate
05/14/201514:39:01Statement of Changes in Beneficial Ownership (4)
05/11/201506:08:14Quarterly Report (10-q)
05/05/201509:16:32Boston Properties Receives Buy Rating from Deutsche Bank (BXP)
05/04/201515:23:56Statement of Changes in Beneficial Ownership (4)
05/04/201515:23:56Statement of Changes in Beneficial Ownership (4)
05/04/201515:23:32Statement of Changes in Beneficial Ownership (4)
05/04/201515:23:04Statement of Changes in Beneficial Ownership (4)
05/04/201515:23:04Statement of Changes in Beneficial Ownership (4)
05/04/201515:22:39Statement of Changes in Beneficial Ownership (4)
05/04/201515:22:11Statement of Changes in Beneficial Ownership (4)
04/28/201506:04:43Current Report Filing (8-k)
04/27/201518:43:32Boston Properties Profit More Than Triples on Real-Estate Sales...
04/27/201517:49:00Boston Properties Announces First Quarter 2015 Results
04/21/201513:10:033 REITs That Can Make Your Grandkids Rich
04/12/201500:24:38REITs, Rates And Reality - A Further Study
04/02/201512:12:26Statement of Changes in Beneficial Ownership (4)
04/02/201512:11:59Statement of Changes in Beneficial Ownership (4)

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