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Boston Properties Purchasing John Hancock Tower
Monday, October 4, 2010 - 10:18am | 89Boston Properties Inc (NYSE: BXP) has entered into an agreement to purchase the John Hancock Tower and Garage in Boston for about $930 million. The deal comprises cash worth $290 million and $640.5 million in debt. The 62-story tower building, finished in 1976, is the tallest building of New...
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Morgan Keegan Reiterates Outperform on Lexington Realty Trust (LXP)
Monday, October 4, 2010 - 9:25am | 119Morgan Keegan is out with a research report this morning, where it reiterates its Outperform rating on Lexington Realty Trust (NYSE: LXP); it has a $9.00 price target on the stock. The MK analysts cited the company's recent announcement of a new 10-year, 141k SF lease with Transamerica at 100...
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Boston Properties to Acquire the John Hancock Tower in Boston, MA for $930M
Monday, October 4, 2010 - 9:16am | 80Boston Properties, Inc. (NYSE: BXP) announced today that it has entered into an agreement to acquire the John Hancock Tower and Garage in Boston, MA for an aggregate purchase price of approximately $930.0 million. The seller is a joint venture between an affiliate of Normandy Real Estate Partners...
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UBS Initiates DRE With Neutral
Monday, October 4, 2010 - 6:42am | 52Analysts at UBS initiate coverage of Duke Realty Corporation (NYSE: DRE) with a "neutral" rating. The target price for DRE is set to $12. Shares of DRE gained 1.38% to close at $11.75 on Friday. More Analyst Ratings here
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Price Target Changes From RBC Capital
Wednesday, September 29, 2010 - 9:58am | 98RBC Capital Markets has reiterated the ratings and changed the price targets for the following companies: Whiting Petroleum (NYSE: WLL) Outperform $95 » $100 Boeing (NYSE: BA) Outperform $78 » $75 SL Green Realty (NYSE: SLG) Sector Perform $59 » $60 Home Properties (NYSE: HME)...
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Corporate Office Properties Trust Acquires 362,000 Square Feet in Two Office Buildings for $119 Million
Tuesday, September 28, 2010 - 4:07pm | 198Corporate Office Properties Trust (COPT) (NYSE: OFC) announced today that it has entered a new submarket with the acquisition of two Class A office buildings containing 362,000 square feet known as Maritime Plaza I and II in the Capitol Riverfront submarket of Washington, DC. The buildings were...
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Boston Properties Agrees to Acquire Bay Colony Corporate Center for $185M
Monday, September 27, 2010 - 4:02pm | 131Boston Properties, Inc. (NYSE: BXP) announced today that it has entered into an agreement to acquire Bay Colony Corporate Center in Waltham, MA for an aggregate purchase price of approximately $185.0 million. The purchase price consists of approximately $41.1 million of cash and the assumption of...
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BXP Completes Acquisition - Analyst Blog
Monday, September 27, 2010 - 3:03pm | 323Boston Properties Inc. (BXP), a real estate investment trust (REIT), has recently completed the acquisition of 510 Madison Avenue, a newly-constructed 350,000 square foot Class-A office property in New York City, for approximately $275 million. The company also incurred an additional $2 million as...
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Stocks Going Ex Dividend the First Week of October
Sunday, September 26, 2010 - 12:28am | 742Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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SL Green Realty Ups 2010 Earnings Estimate (SLG)
Friday, September 24, 2010 - 9:36am | 61SL Green Realty Corp. (NYSE: SLG) raised its full-year 2010 earnings guidance to $4.75, due mostly to the sale of 510 Madison Avenue by Macklowe Properties to Boston Properties (NYSE: BXP) and the retirement of related debt. Shares of SLG are higher this morning, gaining more than 3.1% to $62.77.
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BioMed Realty Trust Prices Public Offering of 15M Shares at $17.50
Thursday, September 23, 2010 - 8:48am | 104BioMed Realty Trust, Inc. (NYSE: BMR) today announced the pricing of its public offering of 15,000,000 shares of its common stock at $17.50 per share. The offering is expected to close on or about September 28, 2010. Gross proceeds from the offering will be $262.5 million. BioMed expects to use...
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BioMed Realty Trust Announces Public Offering
Wednesday, September 22, 2010 - 4:16pm | 154BioMed Realty Trust, Inc. (NYSE: BMR) today announced it has commenced a public offering of 13,500,000 shares of its common stock pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. BioMed expects to use the net proceeds of the offering to fund...
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Jefferies Opens BXP With Hold
Tuesday, September 21, 2010 - 6:24am | 51Analysts at Jefferies & Co initiate coverage of Boston Properties Inc (NYSE: BXP) with a "hold" rating. The target price for BXP is set to $82. BXP's shares rose 2.04% to close at $88.88 yesterday. More Analyst Ratings here
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Benzinga's Top Downgrades (NRG, BMR, GXP, EXPE)
Monday, September 20, 2010 - 8:06am | 149NRG Energy Inc (NYSE: NRG) was downgraded by Deutsche Bank from “hold” to “sell.” NRG's shares closed at $21.54 on Friday. NRG Energy's quarterly earnings fell 48.00% y/y. FBR Capital downgraded BioMed Realty Trust Inc (NYSE: BMR) from "market perform" to "underperform." BMR's stock closed at $18....
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Corporate Office Properties Trust Board of Trustees Elects Roger A. Waesche, Jr. as President and COO
Friday, September 17, 2010 - 4:06pm | 80Corporate Office Properties Trust (NYSE: OFC) announced today that its Board of Trustees, as part of an ongoing personnel development and succession program, elected Roger A. Waesche, Jr. as President, in addition to his current duties as Chief Operating Officer (COO). Randall M. Griffin, currently...