RealEstateFlux

Boston Properties Closes on Former Macklowe Portfolio

Boston Properties continues to take advantage of it strong cash position to act on opportunities created as a result of the current downturn. As Mort Zuckerman, Chairman of Boston Properties said during their 2Q Earning Conference Call, “These were buildings that were purchased at costs that are well below, well below replacement costs on a [...]

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Boston Properties: “We don’t see any immediate catalyst for optimism”

Seeking Alpha | July 23, 2008 The US consumer continues to be adversely impacted by higher fuel costs, higher food costs and, in addition to seeing the statistics showing up in foreclosures, we are now seeing delinquencies in credit card loans, home equity loans and auto loans. We don’t see any immediate catalyst for optimism. In general, [...]

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1372 Broadway’s Fall Reveals State of NYC Office

The New York Times | Terry Pristin | July 23, 2008 For several years, it seemed that prices for Manhattan office buildings would never stop climbing. But now, in perhaps the clearest demonstration so far of how commercial real estate values have deteriorated in the last year, 1372 Broadway, a 21-story brick building in the garment [...]

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