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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; lauren.pollock@dowjones.com

Stock News for Boston Properties (BXP)
DateTimeHeadline
08/18/201615:44:05Statement of Changes in Beneficial Ownership (4)
08/18/201610:40:11Statement of Changes in Beneficial Ownership (4)
08/17/201616:59:05Current Report Filing (8-k)
08/11/201611:39:04Statement of Changes in Beneficial Ownership (4)
08/08/201617:37:00Boston Properties Prices $1.0 Billion Offering of Senior Unsecured...
08/04/201617:28:55Quarterly Report (10-q)
08/04/201615:16:25Statement of Changes in Beneficial Ownership (4)
08/02/201612:12:17Statement of Changes in Beneficial Ownership (4)
08/02/201609:55:39Statement of Changes in Beneficial Ownership (4)
08/01/201611:02:18Statement of Changes in Beneficial Ownership (4)
08/01/201611:01:52Statement of Changes in Beneficial Ownership (4)
08/01/201611:00:59Statement of Changes in Beneficial Ownership (4)
08/01/201611:00:59Statement of Changes in Beneficial Ownership (4)
08/01/201611:00:30Statement of Changes in Beneficial Ownership (4)
08/01/201611:00:03Statement of Changes in Beneficial Ownership (4)
08/01/201610:59:34Statement of Changes in Beneficial Ownership (4)
07/27/201606:04:25Current Report Filing (8-k)
07/27/201603:04:00Under Armour Makes the Leap To Fifth Avenue -- WSJ
07/26/201621:20:00Under Armour Takes Former FAO Schwarz Store on Fifth Avenue
07/26/201620:36:00Boston Properties Posts Higher FFO, Boosts Guidance

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