Boston Properties Inc. (BXP), a real estate investment trust (REIT), has recently raised net proceeds of approximately $694 million by selling 5.875% senior unsecured notes due 2019.

The debt offering was managed by Bank of America Securities LLC, the investment banking arm of Bank of America Corp. (BAC), Citigroup Global Markets Inc., the brokerage and securities arm of Citigroup Inc. (C) and Deutsche Bank Securities Inc., the U.S. investment banking and securities arm of the German banking colossus Deutsche Bank AG (DB).

The senior unsecured notes were priced at 99.931% of the principal amount to yield 5.884% to maturity. Boston Properties plan to utilize the proceeds to reduce its huge debt. At the end of the second quarter, the company had about $6 billion in debt maturing by 2015.

Boston Properties develops, redevelops, acquires, manages, operates, and owns a diverse portfolio of Class A office, industrial, and hotel properties

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Boston Properties, Inc. (BXP), a real estate investment trust (REIT), is facing severe criticism from the public as well as the state agency of the Boston Harbor Association for reneging on a promise. Boston Properties had earlier promised to provide free public-performance space on the first floor of its Russia Wharf development project – an 854,000 square feet mixed-use project along Boston’s waterfront. In exchange, Boston Properties was approved to exceed the 155-feet height regulation for construction on the waterfront, and the project is currently designed to be 400 feet high. However, the Boston Harbor Association alleged that the company has failed to keep its promise and instead was planning to reserve the space for a restaurant. The state agency pointed out that Boston Properties has sought permission to reduce the size of a ground floor “Town Square" by 200 square feet to 6,100 square feet. ...

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Friday August 21, 2009

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Albina Community Bancorp (OTCBB:ACBC), Portland’s only certified community development bank, announced today that it will receive a $216,547 Bank Enterprise Award (BEA), from the U.S. Department of the Treasury’s Community Development Financial Institution Fund (CDFI), for its 2008 community development work in Portland, Oregon. CDFI funds are awarded to viable financial institutions that have the financial and managerial capacity to provide affordable and appropriate financial products and services that positively impact their communities.

China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that the Company remains listed on the Regulation SHO Threshold Security List. SEC Regulation SHO targets abusive naked short

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For Immediate Release

Chicago, IL – August 4, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: 3M (MMM), Apple (AAPL), IBM (IBM), Texas Instruments (TXN) and Boston Properties, Inc. (BXP).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Monday’s Analyst Blog:

ISM Continues to Improve

It looks like the economy could be on the cusp of moving from a series of vicious cycles to a series of virtuous cycles. There will still be substantial headwinds from consumers who have lower incomes and a greater desire to same more of what they

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According to a report in The Wall Street Journal, Chairman Mort Zuckerman of Boston Properties, Inc. (BXP), a leading real estate investment trust (REIT), intends to sell 9% of his total stake in the company. The deal would involve a sale of about 1 million shares of the company and is likely to generate $50 million for Zuckerman. The proceeds would be utilized to purchase printing presses for his New York daily, The Daily News. The timing of the sale has raised speculation among investors about the profitability of Boston Properties. Most of the investors view the sale as a move by the Chairman to have a better investment profile, raising fears that probably the newspaper was a better investment than the REIT. Boston Properties develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class A office, industrial and hotel properties in the ...

Boston Properties, Inc. (BXP), a leading real estate investment trust (REIT), reported strong second quarter results with FFO (fund from operations) of $166.7 million or $1.32 per share compared to $141.0 million or $1.16 per share in the year-earlier quarter. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.

The better-than-expected FFO figures were primarily due to lease termination fees associated with the vacancy of Lehman Brothers and General Motors Corporation – both being casualties of the bankruptcy filings. During the quarter, Boston Properties recorded $0.10 per share income due to lease terminations. Lehman Brothers occupied 437,000 net rentable square feet of space at 399 Park Avenue, New York, while General Motors occupied 120,000 square feet of office space at 601 Lexington Avenue, also in New York.

During the quarter, the company placed in service

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BXP's BBB Credit Rating Reasserted by FitchFitch Ratings, the global credit rating firm, has reaffirmed the credit rating of Boston Properties, Inc. (BXP), a real estate investment trust (REIT), as BBB. The BBB-rating denotes a relatively strong credit quality with low default risk and adequate capacity to meet current financial commitments.With a diverse portfolio of Class A office, industrial and hotel properties, BXP is a leading REIT in the US. The majority of the company's income comes from office properties. Strategically, BXP concentrates on a few select high-rent geographic markets and its properties are located primarily in central business districts (CBDs). About 77.1% of the company's Net Operating Income (NOI) in the first quarter of 2009 was generated in CBDs.While reaffirming BXP's rating, Fitch has considered its high-quality asset portfolio, solid past operating performance, strong liquidity, ...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

AAR Corp (AIR) The Advisory Board Co (ABCO) Alliance Imaging Inc (AIQ) Allscripts-Misys Healthcare Solutions (MDRX) Array BioPharma Inc (ARRY) AsiaInfo Holdings Inc (ASIA) athenahealth Inc (ATHN) BearingPoint Inc (BGPT) Boston Properties Inc (BXP) Chemed Corp (CHE) Coca-Cola Amatil Ltd (CCLAY) Corinthian Colleges Inc (COCO) Corrections Corporation of America (CXW) Cox Radio Inc (CXR) Crown Castle International Corp (CCI) CSG Systems International Inc (CSGS) deCODE genetics Inc (DCGN) Delhaize Group (DEG) DRI Corp (TBUS) El Paso Pipeline Partners LP (EPB) Elbit Systems Ltd (ESLT) The Ensign Group Inc (ENSG) EnteroMedics Inc (ETRM) FGX International Holdings Ltd (FGXI) Force Protection Inc (FRPT) FPIC Insurance Group Inc (FPIC) Gentiva Health Services ...

Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Aaron Rents Inc (RNT) Alleghany Corp (Y) Companhia de Bebidas das Americas (ABV) American Caresource Holdings Inc (ANCI) Answers Corp (ANSW) Atlantic Tele-Network Inc (ATNI) Atmos Energy Corp (ATO) Boston Properties Inc (BXP) China Agritech Inc (CAGC) Cox Radio Inc (CXR) Crown Castle International Corp (CCI) CTI Industries Corp (CTIB) Delhaize Group (DEG) DG FastChannel Inc (DGIT) Double Eagle Petroleum Co (DBLE) First American Corp (FAF) FPIC Insurance Group Inc (FPIC) Global Ship Lease Inc (GSL) Gold Reserve Inc (GRZ) The Hain Celestial Group Inc (HAIN) HRPT Properties Trust (HRP) Jack Henry & Associates Inc (JKHY) Kenneth Cole Productions (KCP) The Knot Inc (KNOT) Kratos Defense & Security Solutions Inc (...

The residential real estate sector is in shambles and, some economists say, will not recover until the end of 2010, at the earliest. Now it looks like commercial real estate may be the next block to fall in our “Jenga economy.”

On November 19, bonds and stocks backed by commercial real estate loans plummeted on investors’ fears the struggling U.S. economy might lead to a wave of defaults.

Big real estate companies suffered big losses: shares of Simon Property Group, the top U.S. mall operator, declined 13%; Boston Properties Inc., owner of skyscrapers and office buildings in key U.S. markets, fell 12.1%.

General Growth Properties Inc., which owns more than 200 mall properties throughout the United States, is teetering on the brink of annihilation. If the flailing company can’t come up with the $958 million of its debt that is now due, and the $3.07 billion due next year, it will have

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