Boston Properties Inc - Company Profile
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Boston Properties Inc (Boston Properties) is a real estate investment trust (REIT). The company, through its subsidiaries, owns and develops office, residential, and retail properties in the US. Its properties are located in Boston, Los Angeles, New York, San Francisco, and Washington, DC. As of December 31, 2022, Boston Properties owned or had joint venture interests in 194 commercial properties which includes 173 office properties, 14 retail properties, six residential properties and one hotel, totaling 54.1 million net rentable square feet, including six properties under construction totaling 3.2 million net rentable sq. ft. Boston Properties is headquartered in Boston, Massachusetts, the US.
Boston Properties Inc premium industry data and analytics
Products and Services
Services |
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Property Management |
Property Development |
Hotels |
XYZ |
XYZ |
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Contracts/Agreements | In November, the company entered into agreements to sell a 45% interest in two life sciences development properties located in Kendall Square in Cambridge, Massachusetts to Norges Bank Investment Management for US$1.66 billion. |
2023 | Contracts/Agreements | In September, the company signed a power purchase agreement with Enel North America for a 21-megawatt portion of the Estonian solar project under construction in Delta County, Texas. |
2022 | Asset Purchase | In September, the company completed the acquisition of 125 Broadway, a six-story, 271,000 square foot laboratory/life sciences property. |
Competitor Comparison
Key Parameters | Boston Properties Inc | Cushman & Wakefield Plc | Simon Property Group Inc | Digital Realty Trust Inc | Alexandria Real Estate Equities Inc |
---|---|---|---|---|---|
Headquarters | United States of America | United Kingdom | United States of America | United States of America | United States of America |
City | Boston | London | Indianapolis | Austin | Pasadena |
State/Province | Massachusetts | England | Indiana | Texas | California |
No. of Employees | 836 | 52,000 | 2,500 | 3,664 | 568 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Owen D. Thomas | Chairman; Chief Executive Officer; Director | Executive Board | 2013 | 60 |
Michael E. LaBelle | Executive Vice President; Chief Financial Officer; Treasurer | Senior Management | 2016 | 58 |
Michael R. Walsh | Chief Accounting Officer; Senior Vice President | Senior Management | 2016 | 55 |
Frank D. Burt | Secretary; Senior Vice President; Chief Legal Officer | Senior Management | 2019 | 63 |
Peter D. Johnston | Executive Vice President - Washington, DC Region | Senior Management | 2016 | 63 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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