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    Brief: Bxp Inc On May 27, Subsidiary Of Boston Properties Lp Entered Into Agreement To Sell Certain Property For Gross Purchase Price Of $63 Million

    Picture of BXP logoBXP
    29/05/2026 21:56
    BRIEF-Bxp Inc On May 27, Subsidiary Of Boston Properties Lp Entered Into Agreement To Sell Certain Property For Gross Purchase Price Of $63 Million
    May 29 (Reuters) - BXP Inc BXP.N:
    • BXP INC: ON MAY 27, SUBSIDIARY OF BOSTON PROPERTIES LP ENTERED INTO AGREEMENT TO SELL CERTAIN PROPERTY FOR GROSS PURCHASE PRICE OF $63 MILLION
    • BXP INC: BUYER PAID NON-REFUNDABLE CASH DEPOSIT OF ABOUT $6 MILLION THAT WILL BE CREDITED AGAINST PURCHASE PRICE AT CLOSING
    • BXP INC: CO AND BPLP WILL RECOGNIZE NON-CASH IMPAIRMENT LOSS OF ABOUT $18 MILLION AND $17 MILLION, RESPECTIVELY, IN Q2 2026 IN ACCORDANCE WITH GAAP
    Further company coverage: BXP.N

     ((Reuters.Briefs@thomsonreuters.com;))

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