"Who Could Be Next": Top Canadian Pension Fund Sells Manhattan Office Tower For $1, Sparking Firesale Panic [zero hedge]
Boston Properties, Inc. (BXP)
Last boston properties, inc. earnings: 4/28 04:49 pm
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Source: zero hedge
"Who Could Be Next": Top Canadian Pension Fund Sells Manhattan Office Tower For $1, Sparking Firesale Panic New York during the inflationary surge of the late 70s and early 80s was a mythical place where one could purchase a Park avenue penthouse for $1 (while assuming the copious debt, of course). Now, thanks to the brutal bear hug of the highest interest rates in 40 years and the ongoing CRE crisis, those legendary days have made a comeback to the Big Apple, if only in the realm of commercial real estate for now. According to Bloomberg , Canadian pension funds - which until recently had been among the world’s most prolific buyers of real estate, starting a revolution that inspired retirement plans around the globe to emulate them because, in the immortal words of Ben Bernanke , Canadian real estate prices never go down... ... are finally realizing that gravity does exist . And so, the largest one among them is taking steps to limit its exposure to the most-beleaguered commercial pro
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News
- Key Factors to Impact Boston Properties' (BXP) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- Too many cubicles, too few homes spur incentives to convert offices to housing [Yahoo! Finance]Yahoo! Finance
- BXP Releases 2023 Sustainability & Impact ReportBusiness Wire
- Stock market today: Wall Street slumps as rising yields crank up the pressure [Los Angeles Times (CA)]Los Angeles Times
- Stock Market News for Apr 11, 2024 [Yahoo! Finance]Yahoo! Finance
BXP
Earnings
- 1/30/24 - Beat
BXP
Sec Filings
- 4/16/24 - Form ARS
- 4/12/24 - Form DEFA14A
- 4/12/24 - Form DEF
- BXP's page on the SEC website