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, Inc.
Real Estate
Boston, Massachusetts 33,194 followers
Places Powering Progress
About us
At BXP (NYSE: BXP), our people are our most important asset, and our people are passionate about great space and place. This group of more than 750 individuals brings talent, energy, and experience to the task of identifying and capitalizing on real estate opportunities, and lead the industry in every facet of our operations. Our quality workplace ensures that employees have the opportunity to make their maximum contribution to BXP and to their own career goals. As the largest publicly traded developer, owner, and manager of premier workplaces in the U.S., we have the financial strength, industry relationships, and focus on responsible and sustainable business practices, to be leaders in our six markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. The Company is a fully integrated real estate company, organized as a real estate investment trust (REIT), and is well known for our in-house building management expertise and responsiveness to client needs. We offer employees a full range and choice of benefits that support you through every stage of life. Our comprehensive and competitive benefit program offerings include: • Health, dental and vision insurance • Generous paid time off • Retirement Savings Plan with company match • Employee Stock Purchase Program • Commuter Benefit Program • Tuition Reimbursement • Wellness Programs
- Website
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www.bxp.com
External link for BXP, Inc.
- Industry
- Real Estate
- Company size
- 501-1,000 employees
- Headquarters
- Boston, Massachusetts
- Type
- Public Company
- Founded
- 1970
- Specialties
- Commercial Real Estate, Real Estate Acquisition, Property Management, Construction Management, Real Estate Development, and REIT
Locations
Employees at BXP, Inc.
Updates
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Congratulations to BXP, Inc.'s #Boston team and the team at Newmark for their recognition for renewing and growing Bain Capital at #200Clarendon.
The Winner of the 2024 Office Deal of the Year – Urban is Bain Capital, Boston. The Landlord, BXP, Inc., represented themselves, and Newmark represented the tenant, Bain Capital. Congratulations to: Patrick Mulvihill, Bryan Koop, Madison Chambers & Jackie Hagopian – all with BXP, Inc.. And Gilbert Dailey, Dave Martel, Roy Abernathy, Rob Griffin – all with Newmark The winner in this category represents one of the largest office spaces deals since the pandemic. The deal included over 60,000 square feet of growth for the tenant, which represented the largest growth of any anchor tenant in 2024. #CBABostonAwards
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Global law firm Goodwin will relocate its New York City office to BXP, Inc.'s 200 Fifth Avenue in Manhattan’s Flatiron District. Goodwin’s space, spanning 250,000 square feet across multiple floors, will feature a vertical campus concept, blending modern workspaces with the historic character of the landmark building. The firm plans to move in in late 2026. Approximately 90% leased, 200 Fifth is home to creative and innovative clients like DoorDash and Tiffany & Co., solidifying Midtown South as a premier workplace destination. Isabelle Durso with the Commercial Observer covered the news here: https://lnkd.in/eTsxD2Sw
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Aaron Fenton, BXP Senior Vice President of Development, recently spoke with Christopher Lord on Monocle’s The Urbanist podcast about the transformation of Embarcadero Plaza and its critical role in revitalizing San Francisco’s downtown. In the conversation, Aaron highlighted the growing interest in the public space, noting that developers are increasingly focused on the restoration of Embarcadero Plaza due to its potential to drive foot traffic in the Financial District. The ongoing transformation of Embarcadero Plaza represents a model for urban development, demonstrating how cities can adapt to evolving needs while promoting growth and innovation. Listen here to the conversation: https://lnkd.in/eTCMqwt3
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We're pleased to announce that our lease with McDermott Will & Emery at 725 12th St. NW has been honored as the Lease of the Year in Washington, DC by CoStar's 2025 Impact Awards. The global law firm will take 150,000 square feet of the planned 320,000 square foot trophy building. The deal was recognized as a bold statement that the future of the workplace is here and for DC to continue to be the epicenter of major law firms, new trophy developments are needed. We are kicking off the first new office building construction in DC in two years and are excited to deliver a premier workplace that meets the needs of our clients. Link: https://lnkd.in/ezw6X3R4
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This morning, BXP announced an upsizing of our unsecured credit facility and our commercial paper program. Per our CFO Mike LaBelle : “The combination of these facilities with additional capacity and tenor provides enhanced liquidity at attractive pricing as we continue to invest opportunistically and strengthen our position as the market leader of premier workplaces, creating long-term value for our clients and shareholders. The success of these transactions reflects our strong long-term relationships with our banking partners and their commitment to providing BXP with consistent access to capital.”
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We are honored to share that BXP was named the Developer of the Year by Washington Business Journal for efforts made across our portfolio in Washington, DC and Virginia over the past year. Throughout 2024, BXP completed the first phase of our expansion of Reston Town Center in Fairfax County, which now includes the region’s tallest residential building, Skymark. Additionally, BXP acquired 725 12th St. NW, where we will develop a 320,000 square foot premier workplace that has already secured a commitment from global law firm McDermott Will & Emery. Read more about Washington Business Journal’s Developer of the Year award here: https://lnkd.in/eC4myPha
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With energy efficiency and thermal comfort as key priorities, 17 Hartwell Avenue in Lexington, MA is designed to Passive House standards. BXP, Inc. Senior Construction Manager Thomas Carleton received #PassiveHouse Certification in association with his work on the 312-unit residential project. Passive House properties use a fraction of the energy required to power traditional buildings, using a variety of strategies to maximize efficiency and keep buildings comfortable year round.
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Creating the next generation of real estate at 17 Hartwell Avenue in Lexington, MA, BXP will deliver a 312-unit, five-story residential property. Featuring a variety of unit sizes, landscaped courtyards, and a standalone retail offering, the project will add much-needed housing in a convenient and accessible location.
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Joe Gose's latest piece in The New York Times highlights the bifurcation in the office market and includes Owen D. Thomas's comments on the premier workplace sector. #CRE #office #premierworkplace
Clients prioritize premier workplaces when making long term leasing decisions, as these spaces support productivity, innovation, and company success. Joe Gose The New York Times included BXP, Inc.’s perspective in his latest column, which reinforces the market trend of outperformance at the highest end of the market.