X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOSTON-According to Elaine Quinlan, director of investor relations for Boston Properties, the proceeds of the offering will be used to fund a portion of the company’s development pipeline. “As of September 30, our development pipeline is $1.3 billion,” she says, adding, “We own or control additional parcels that total about $1 billion.” Until such developments and/or acquisitions require capital, the company will use the net proceeds to reduce borrowings and to increase cash and cash equivalents.

Boston Properties’ concentration is in four core markets: Boston, Washington, DC, New York City and San Francisco. “As a public company, we are looking at transactions all the time to see if they’re a good fit,” says Quinlan.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.