Developer gives first look at planned skyscraper near Grand Central Terminal — but lacks key piece to make it a reality [Yahoo! Finance]
BXP, Inc. (BXP)
Last bxp, inc. earnings: 4/28 04:49 pm
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ir.bostonproperties.com
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Source: Yahoo! Finance
streets, which is currently a block-long, empty lot owned by the MTA. But it needs an anchor tenant before the striking, 46-story, 950,000 square-foot tower — designed by Kohn Pedersen Fox — shown here for the first time — can rise. BXP, previously known as Boston Properties, tapped a crack CBRE leasing team to make it happen. The ground-lease agreement with the MTA gives BXP an off-ramp to terminate its 99-year leasehold by July 31, 2025, if a tenant can't be found. BXP was chosen to develop the site in 2016. Now, after demolition of the old MTA headquarters and sale last year of a minority stake to Oslo-based Norges Bank Investment Fund, the developer hopes to exploit demand in the red-hot Grand Central district, where SL Green's new One Vanderbilt leased up almost overnight. CBRE's Howard Fiddle said BXP's “state-of-the-art, highly sustainable tower” would provide a “single-seat commute” from nearly everywhere in the tristate region. The CBRE leasing team also includes Peter
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BXP
News
- Boston Properties, Inc. (NYSE: BXP) had its price target raised by analysts at Barclays PLC from $88.00 to $89.00. They now have an "equal weight" rating on the stock.MarketBeat
- Boston Properties, Inc. (NYSE: BXP) was upgraded by analysts at Compass Point from a "neutral" rating to a "buy" rating. They now have a $88.00 price target on the stock, up previously from $80.00.MarketBeat
- Boston Properties, Inc. (NYSE: BXP) had its "sector perform" rating re-affirmed by analysts at Scotiabank. They now have a $85.00 price target on the stock.MarketBeat
- Boston Properties, Inc. (NYSE: BXP) had its price target raised by analysts at UBS Group AG from $64.00 to $80.00. They now have a "neutral" rating on the stock.MarketBeat
- Boston Properties, Inc. (NYSE: BXP) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
BXP
Earnings
- 10/29/24 - In-Line
BXP
Sec Filings
- 11/12/24 - Form SC
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- BXP's page on the SEC website