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Thursday, November 23, 2006

Boston Properties to sell N.Y. tower

Source: Boston.com

The land is the fifth this day to put up for sale or go below bond for more than $1,000 a square foot in the most expensive office bazaar in the United States, a entrance never achieve earlier than this year by large agency tower. Zuckerman is selling as period Square office rents are up 24 percent over 12 months, motivated by exact from economic and law firms. Shares of Boston property raised $6.93 to $115.55 in New York collection swap merged trading. The gain was the major in more than five years.
Real land asset trust share rose the past after Blackstone Group decided to purchase Sam Zeal’s evenhandedness workplace Properties Trust for about $20 billion. Boston Properties expects the deal for 5 period square to seal in the first sector of 2007.At $1.28 billion, the construction is fetching $1,168 a square foot. No other agency assets has sell for that much, said Dan Fasulo, leader of bazaar analysis for Real wealth Analytics, a real estate data service.

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