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Boston Properties says CEO Linde died Sunday

Mon Jan 11, 2010 6:43 AM EST
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Associated Press

FILE - In this Dec. 17, 2008 file photo, real estate magnate and New York Daily News owner Mortimer Zuckerman gives an interview at his Boston Properties office, in New York. Zuckerman has taken over as CEO, of Boston Properties Inc., after the death od co-founder and CEO Edward Linde, who died Sunday, Jan. 10, 2010, from complications of pneumonia.(AP Photo/Mark Lennihan, file)

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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.

© 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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