In a prepared statement, senior VP for financial and capitalmarkets Douglas T. Linde stated that the new funds will go for"ongoing and future development activities, future land andproperty purchases and working capital."
In a follow-up interview, investor relations director ElaineQuinlan admitted that specific development activities had not yetbeen defined. But in terms of the ongoing work, Boston Propertiescurrently has some $1.1 billion of projects--some 13 jobs--in thepipeline. "The last of these," she told GlobeSt.com, will bedelivered in the second quarter of '02."
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
