Some analysts weren't happy when word leaked out this year that Boston Properties Inc.
"Boston Properties going forward will be like the Boston Properties of the past, " he said.
He added that Boston Properties's modus operandi had been to promote from within the company.
He took over as CEO of Boston Properties Inc. in 2010 after co-founder Ed Linde died.
He thinks Boston Properties' funds from operations will climb 8% this year, and another 8% in 2000.
Among the office names popular with analysts are Boston Properties Group and Vornado Realty Trust.
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Zuckerman and his office building empire, the publicly traded Boston Properties, survived the Andersen disaster with scarcely a hiccup.
Nor is Boston Properties going to bid wildly, insists Linde, the numbers-crunching second-in-command.
Boston Properties' overall occupancy rate dipped to 92.1% from 93.3% a year ago.
At 32 he struck out on his own, teaming up with Edward Linde, a numbers whiz, to start Boston Properties.
"The arrival of Owen is a bit different from the traditional way we've seen Boston Properties's management promote people, " he said.
Boston Properties develops, manages and owns a diverse portfolio of office space, a hotel, three residential properties and four retail properties.
Boston Properties continues to concentrate on a few select markets, giving what Linde calls "1-inch wide, 1-mile deep" attention to wherever it operates.
Boston Properties' 127 holdings sit in four high-priced U.S. real estate markets that aren't overbuilt: New York, Boston, San Francisco and Washington, D.
The younger Mr. Linde has been president since 2007 and has held other posts at Boston Properties, including chief financial officer and treasurer.
Compare that with Boston Properties, one of the few U.S. REITs that builds its own, with just 2% of its holdings under construction.
FORBES: The U.K. has joined the REIT revolution. Buy sparingly.
Mr. Zuckerman, 75 years old, has been chairman of Boston Properties since the company went public in 1997 as a real estate investment trust.
The son of a Montreal tobacco and candy seller, Zuckerman co-founded his real estate investment trust Boston Properties and took it public in 1997.
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While many REITs have holdings in New York, the three with the highest concentration remain, Boston Properties, SL Green and Vornado Realty Trust .
For a long time Boston Properties confined itself to smallish office projects in locales like Lexington and Bedford, along the Route 128 corridor outside Boston.
Zuckerman and partner Edward Linde run Boston Properties, a REIT with 33 million square feet of off ice buildings that has been publicly traded since 1997.
Now, Boston Properties has scrapped its talks to buy Drapers Gardens, a trophy office building in London's financial district, according to a person familiar with the matter.
He left much of the daily operations of Boston Properties to his former partner, Ed Linde and later to Mr. Linde's son, who joined the firm in 1997.
Boston Properties, which also manages and develops hotel and industrial properties, has recorded sustained revenue growth in recent quarters, though earnings have been affected by charges and expenses.
But their real value for Boston Properties (nyse: BXP - news - people ) is in management fees and rent hikes as rental rolls turn over.
Boston Properties bought most of its early trophy properties, among them the Prudential Center (2.2 million square feet) in Boston and the Deutsche Bank headquarters (1.2 million) in New York.
Compare that with Boston Properties (nyse: BXP - news - people ), one of the few U.S. REITs that builds its own, with just 2% of its holdings under construction.
FORBES: The U.K. has joined the REIT revolution. Buy sparingly.
Unlike Trump, whose development business is privately held, and Zeckendorf, who flourished before the real estate investment trust was invented, Zuckerman gets ample equity capital for his projects via share offerings of Boston Properties.
He said that in the past few years, Boston Properties hasn't been very successful in pursuing big acquisitions in major markets like New York and San Francisco where there is the most growth potential.
Boston Properties ( BXP - news - people ) joins Bloomberg LP in vying for the weekly business publication's brand value and Web site, which attracts about 5 million viewers a month.
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