Boston 2010 Real Estate News

Boston Property News

Thursday, January 14, 2010

Boston Properties says co-founder and Chairman Edward Linde died of pneumonia at 67

Boston Properties says CEO Linde died Sunday

BOSTON — Real estate investment trust Boston Properties Inc. said that co-founder and CEO Edward Linde died Sunday from complications of pneumonia.

Chairman Mortimer Zuckerman has taken over as CEO, the company said in a press release late Sunday.

Linde founded Boston Properties in 1970 with Zuckerman. Linde is a former president of Boston Properties, and his son Douglas is currently president of the Boston company. Linde was 67, according to the company’s Web site.

The company’s properties include Times Square Tower and Citigroup Inc.’s headquarters in New York. Boston Properties was part of a group of investors that bought the General Motors Building in New York City in 2008. It has a majority stake in the building and maintains the property.

Zuckerman is also publisher of the New York Daily News, and Chairman and Editor-in-Chief of U.S. News & World Report.