BXP, Inc. - BXP STOCK NEWS

Boston Properties, Inc. (NYSE: BXP) announced the full redemption of $1.0 billion in senior unsecured notes (3.85% Notes) on October 15, 2021. The redemption price is approximately $1.05 billion, including $7.9 million in accrued interest. This action is funded by proceeds from an $850 million offering of 2.45% Notes due 2033, alongside other financing sources. The firm anticipates a loss from early extinguishment of debt of about $43.9 million, or $0.25 per diluted share, in Q4 2021.

Boston Properties, Inc. (NYSE: BXP) has announced the development of View Boston, a 59,000 square foot observatory at Prudential Center in Boston, set to open in 2023. This venue, Boston's only observatory, will feature immersive exhibits, a cocktail lounge, and a 360-degree outdoor viewing deck, spanning the top three floors of Prudential Tower. Aimed at both locals and tourists, View Boston promises to enhance the city's experience by hosting various special events. The project is being constructed by Turner Construction Co. and designed by Perkins & Will.

Boston Properties (NYSE: BXP), the largest publicly traded developer and owner of Class A office properties in the U.S., will release its third-quarter financial results on October 26, 2021, after trading closes. A conference call and audio webcast are scheduled for October 27, 2021, at 10:00 A.M. Eastern Time to discuss these results and provide company updates. The company, with a portfolio of 51.5 million square feet across 197 properties, is focused on key markets including Boston, Los Angeles, and New York.

Boston Properties (NYSE: BXP) and Norges Bank Investment Management announced a long-term lease renewal with Wellington Management at Atlantic Wharf in Boston. The 10-year lease, starting in 2026, covers 524,000 square feet, including a 66,000 square foot expansion. Wellington has been located at this site since 2011. Atlantic Wharf is recognized for its sustainable design, featuring LEED Double-Platinum certification and climate resilience technologies like AquaFence. The property also hosts over 100 public events annually, reflecting a strong commitment to community engagement.

Boston Properties (NYSE: BXP), the largest publicly traded developer, owner, and manager of Class A office properties in the United States, will participate in the BofA Securities 2021 Global Real Estate Conference on September 21, 2021. The panel, featuring CEO Owen Thomas, President Doug Linde, and CFO Michael LaBelle, starts at 9:00 a.m. ET. The discussion will cover the company's operating environment, strategies, and financial matters. Interested parties can access the live webcast via the company's website.

Boston Properties, Inc. (NYSE: BXP) announced the sale of $850 million in senior unsecured notes due 2033, priced at 99.959% to yield 2.454%. Estimated net proceeds of approximately $842.5 million will fund green projects and redeem existing 3.85% senior notes due February 2023. This marks BPLP's fourth green bond offering, having raised $1.0 billion in 2018 and $850 million in subsequent offerings. The company reports significant sustainability achievements, including LEED certifications and a GRESB 5-star rating. A loss of about $0.26 per diluted share is anticipated in Q4 2021 due to early debt redemption.

Boston Properties (NYSE: BXP) has declared a quarterly cash dividend of $0.98 per share for the period from July 1 to September 30, 2021. This dividend is payable on October 29, 2021 to shareholders on record as of the close of business on September 30, 2021. With a portfolio of 51.5 million square feet across 197 properties, including ongoing projects, Boston Properties continues to affirm its position as a leader in the Class A office market.

Boston Properties (NYSE:BXP) has successfully acquired Safeco Plaza, an 800,000 square-foot Class A office building in Seattle, for approximately $465 million. This is BXP's first venture into the Seattle market, which has shown rapid job growth, particularly in technology and life sciences. The property is currently 90% leased and will be held through a joint venture with institutional partners, with BXP managing the property. Funding for the acquisition includes a $250 million mortgage loan.