BXP, Inc.

Sentiment is worse than reality in commercial real estate. Premier workplaces continue to outperform. Office usage in key cities continues to increase as CEOs offer high quality, well-amenitized, and well-located workplaces as an incentive for their employees to come together to collaborate and grow. BXP, Inc. Chairman & CEO Owen Thomas joined David Westin on Bloomberg’s Wall Street Week to discuss. #RealEstate #CEOInsight #CRE

#BXP is proud to be part of the Hudson Boulevard Collective along with BRP Companies, The Moinian Group, and Urbane to develop much-needed housing on the West Side of Manhattan. BXP, Inc.'s Hilary Spann stated “New Yorkers want convenient access to affordable high-quality housing near employment opportunities and public amenities such as Hudson River Park, the waterfront and the High Line. We are excited to support the evolution of the community to include these important uses. We also look forward to working closely with our partners at the state and city to advance this transformative project.” Rich Monopoli Karen Holdridge

Leading companies continue to make long term commitments to premier workplaces, reinforcing their importance to firm culture and success. Today, Boston's largest law firm Ropes & Gray LLP renewed their 413,000 square foot lease at #BXP's Prudential Tower, extending their commitment through 2041. “We look forward to continuing our longstanding partnership with Ropes & Gray at Prudential Center. The dynamic Back Bay neighborhood continues to be the location of choice for leading companies, such as Ropes & Gray, to nurture their talent and grow their business,” said Bryan Koop, Executive Vice President for BXP’s Boston Region. https://lnkd.in/eGHmAT4d

Together with Eversource Energy, #BXP was honored to receive the Cambridge Chamber of Commerce (USA) Annual Visionary Award for the Greater Cambridge Energy Program's innovative and collaborative design. The GCEP includes the "first-of-its kind underground electrical substation that will enhance the resiliency of the transmission system and ensure a reliable grid while supporting the decarbonization and electrification goals of Cambridge and Massachusetts." Congratulations to the team for developing this unique solution that supports #sustainable development and #resilience.

As long-term owners, BXP's commitment to #sustainable operations is a key component of our core value of #stewardship. Our strategy is guided by long-term investments in our properties, communities, and team. #BXP's efforts were recently recognized by Nareit as the category leader for office at their Leader in the Light Awards. https://bit.ly/3Bu3fvp #premierworkplace #REIT #sustainability

This week, we revealed new design details and the exclusive leasing team of CBRE for 343 Madison Avenue, a 950,000 SF premier workplace future development project with direct access to Grand Central’s Madison Concourse between 44th and 45th Streets.   The demand for premier workplaces in high-growth submarkets with access to transportation and neighborhood amenities has continued to increase. Designed by KPF, #343Madison will fit the needs of today’s clients with a hospitality-forward amenity program, sustainable building features, adaptable floorplans, and direct access to transit.   In October, we celebrated the groundbreaking of a new accessible street entrance to the LIRR Grand Central Madison Concourse alongside Metropolitan Transportation Authority. The new entrance marked the first phase of the overall 343 Madison Avenue development project and will provide the approximate 72,000 daily riders that use Grand Central Madison another entry point to the LIRR’s 700,000 square foot terminal.   steve cuozzo with the NY Post broke the news first here: https://lnkd.in/ggwPU-rj. 

"We believe the most important market forces for BXP: interest rates, corporate earnings, return to the office behavior, outperformance of premier workplaces, and valuation in the public and private markets, are all currently working in our favor, serving as a tailwind for BXP’s performance," BXP, Inc. Chairman & CEO Owen D. Thomas  BXP released Q3 earnings earlier this week and discussed results on our quarterly investor call. To hear more from Owen, Doug Linde, and Mike LaBelle visit: https://lnkd.in/eGXvaebM

It's an honor to see BXP, Inc. named as the first major property company to make the Buy Clean pledge, committing to use low carbon concrete and materials. The pledge was made to signal buyer demand for concrete decarbonization. It also signals conviction. Conviction that progress can be made cost-effectively with great partners like Turner Construction Company, BOSTON SAND & GRAVEL CO, S&F Concrete Contractors, Corp, Sublime Systems and many others. Conviction that our integrated Sustainability, Development and Construction departments, working closely with leading AEC professionals, have the adaptive capacity and creativity to lead on this issue. Conviction that growing demand makes market transformation happen. Many thanks to Mikhail Haramati, Andres Clarens, James Hove, Anish Tilak, Michelle Lambert, Don Davies, Miles Haladay, Sara Neff, Lindsay Baker and so many others enabling accountability, transparency and practical low carbon concrete business solutions.

Congratulations to BXP’s Christine Yuen who was named one of the San Francisco Business Times Bay Area’s Most Influential Women in Business. Christine received the honors at an award celebration last night, alongside some of the region’s most prominent female figures. Since joining BXP in 2005, Christine has advanced through several key roles and has been instrumental in the success of BXP’s portfolio in San Francisco. With a primary focus on premier workplace leasing, Christine has served as the lead negotiator on numerous significant transactions across various sectors, including life sciences, R&D, and retail. Currently, Christine oversees all leasing activities for BXP's 8 million square foot San Francisco Region portfolio. Congratulations, Christine!

“BXP is proud to be an industry leader in sustainable practices and positive societal impact. We’re dedicated to managing our operations in ways that generate beneficial outcomes – economically, socially, and environmentally –for our clients, shareholders, employees, and the communities we serve, and we see the Mobility Hub as one more important way to live out that commitment.” Bryan Koop