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Boston Properties To Sell Princeton Office Park For $468 Million

DOW JONES NEWSWIRES Boston Properties Inc. (BXP) signed an agreement to sell its Carnegie Center in Princeton, N.J, for about $468 million to a joint venture between Normandy Real Estate Partners and Landis Group. Carnegie Center, a 16-building office park on 560 acres, was acquired by the real estate investment trust in 1998. Under the terms of the deal, either party may terminate the pact at any time without payment to the other party. If the closing doesn't occur on or prior to June 21, the agreement will terminate. Boston Properties in January reported swinging to a fourth-quarter loss, as the office-property manager saw a key measure of profitability decline because of one-time charges. Standard & Poor's boosted its outlook on the company in December, saying it thought U.S. office rents and occupancies were nearing their worst and Boston Properties was likely to see results gradually improve. Shares were unchanged at $100.22 in after-hours trading and have gained 16% so far this year. -By Lauren Pollock, Dow Jones Newswires; 212-416-2356;

Stock News for Boston Properties (BXP)
11/19/201516:01:00Boston Properties Awarded NAREIT’s 2015 Office Leader in the L...
11/12/201516:01:00Boston Properties to Participate in the NAREIT REITWorld 2015...
11/02/201515:06:36Statement of Changes in Beneficial Ownership (4)
11/02/201515:06:10Statement of Changes in Beneficial Ownership (4)
11/02/201515:06:10Statement of Changes in Beneficial Ownership (4)
11/02/201515:05:43Statement of Changes in Beneficial Ownership (4)
11/02/201515:05:20Statement of Changes in Beneficial Ownership (4)
11/02/201515:04:53Statement of Changes in Beneficial Ownership (4)
11/02/201515:04:53Statement of Changes in Beneficial Ownership (4)
10/30/201506:10:09Current Report Filing (8-k)
10/29/201518:30:00Boston Properties Reports Higher Profit on Sales Gains, Raises...
10/29/201517:14:00Boston Properties Announces Third Quarter 2015 Results
10/26/201508:20:00Sam Zell Reduces His Holdings Of Apartment Buildings
10/14/201516:10:00Boston Properties to Release Third Quarter 2015 Financial Results...
10/14/201506:45:00Survey Says: REITs Poised For Capital Inflows From Generalist...
10/14/201506:45:00Silly Rabbit, REIT Dividends Are Highly Rated
10/12/201521:30:42REIT Dividends Are Over Rated
10/06/201516:30:00Boston Properties to Participate in the Evercore ISI 2015 Real...
10/01/201515:00:38Statement of Changes in Beneficial Ownership (4)
10/01/201515:00:10Statement of Changes in Beneficial Ownership (4)

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