As sentiment surrounding the commercial real estate market continues to sour, the largest publicly traded U.S. office landlord still has hope that a recovery is on the horizon. Boston Properties revealed in its third-quarter earnings report that it took a $272.6M impairment charge due to value reductions for four properties in New York, San Jose, California, and Seattle, and that charge contributed to it reporting a quarterly net loss of $112M. But its executives said it isn’t giving up on those buildings. 
“Given the cyclical nature of the real estate business, the value of assets like these will recover in the future when interest rates normalize and corporate economic conditions improve, and we expect to hold these assets through their recovery,” Boston Properties Chief Financial Officer Mike… Read the full story here. | 
