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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
08/07/201515:36:23Quarterly Report (10-q)
08/03/201514:01:57Statement of Changes in Beneficial Ownership (4)
08/03/201514:01:31Statement of Changes in Beneficial Ownership (4)
08/03/201514:01:05Statement of Changes in Beneficial Ownership (4)
08/03/201514:00:38Statement of Changes in Beneficial Ownership (4)
08/03/201514:00:38Statement of Changes in Beneficial Ownership (4)
08/03/201514:00:09Statement of Changes in Beneficial Ownership (4)
08/03/201514:00:09Statement of Changes in Beneficial Ownership (4)
07/30/201506:04:02Current Report Filing (8-k)
07/29/201519:30:09Boston Properties Profit Rises, But Third Quarter FFO Projections...
07/29/201517:45:00Boston Properties Announces Second Quarter 2015 Results
07/28/201516:46:29Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
07/13/201516:13:00Boston Properties to Release Second Quarter 2015 Financial Results...
07/01/201516:23:27Statement of Changes in Beneficial Ownership (4)
07/01/201516:23:00Statement of Changes in Beneficial Ownership (4)
07/01/201516:23:00Statement of Changes in Beneficial Ownership (4)
07/01/201516:22:36Statement of Changes in Beneficial Ownership (4)
07/01/201516:22:10Statement of Changes in Beneficial Ownership (4)
07/01/201516:21:43Statement of Changes in Beneficial Ownership (4)
06/24/201522:47:33Correction to WeWork Valuation Soars to $10 Billion Articles

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