Boston Properties (BXP) Declares $0.65 Quarterly Dividend; 2% Yield
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December 17, 2015 4:22 PM EST
BOSTON--(BUSINESS WIRE)--
Boston Properties, Inc. (NYSE: BXP), a real estate investment trust,
announced today that it completed the sale of its Innovation Place
property for a gross sale price of $207.0 million. Innovation Place,
located in San Jose, California, is a 26-acre site with one occupied and
three vacant existing office buildings and a total of approximately
574,000 square feet (approximately 463,000 square feet of which are
vacant) located at 3100-3130 Zanker Road. Currently, the remainder of
the site is used for 1,699 surface parking spaces but the land supports
an additional 537,000 square feet of... More
December 15, 2015 4:01 PM EST
BOSTON--(BUSINESS WIRE)--
Boston Properties, Inc. (NYSE: BXP), a real estate investment
trust, announced that on December 15, 2015 it legally defeased the
mortgage loan collateralized by 100 & 200 Clarendon Street (formerly
known as the John Hancock Tower) in Boston, Massachusetts. The mortgage
loan had an outstanding principal balance of $640.5 million, bore
interest at a fixed rate of 5.68% per annum and was scheduled to mature
on January 6, 2017. The cash outlay required for the defeasance in the
amount of approximately $667.4 million was based on the purchase price
of U.S. government securities that will generate sufficient cash... More
