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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
04/27/201606:08:23Current Report Filing (8-k)
04/26/201618:52:00Boston Properties Raises Annual Guidance After Strong First Quarter
04/26/201618:01:00Boston Properties Announces First Quarter 2016 Results
04/15/201616:01:00Boston Properties to Release First Quarter 2016 Financial Results...
04/04/201614:08:37Statement of Changes in Beneficial Ownership (4)
04/04/201614:08:37Statement of Changes in Beneficial Ownership (4)
04/04/201614:07:43Statement of Changes in Beneficial Ownership (4)
04/04/201614:07:43Statement of Changes in Beneficial Ownership (4)
04/04/201614:07:17Statement of Changes in Beneficial Ownership (4)
04/04/201614:07:17Statement of Changes in Beneficial Ownership (4)
04/01/201606:06:35Additional Proxy Soliciting Materials (definitive) (defa14a)
04/01/201606:06:34Proxy Statement (definitive) (def 14a)
03/10/201616:01:00Boston Properties to Participate at Citi’s 2016 Global Property C...
03/09/201617:10:00WeWork Raises New Financing
03/09/201616:01:00Boston Properties Declares Regular Quarterly Dividends
02/23/201613:01:15Statement of Changes in Beneficial Ownership (4)
02/23/201613:00:46Statement of Changes in Beneficial Ownership (4)
02/23/201613:00:21Statement of Changes in Beneficial Ownership (4)
02/23/201612:59:57Statement of Changes in Beneficial Ownership (4)
02/23/201612:59:29Statement of Changes in Beneficial Ownership (4)

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