The Real Deal New York

Boston Properties’ unlikely new CEO takes the reins

By Guelda Voien | April 19, 2013 10:30AM

From the April issue: The line of succession at Boston Properties, the $18 billion real estate investment trust, seemed clear to the real estate industry: When Mortimer Zuckerman stepped down as CEO, surely the firm’s president would take over.

But Zuckerman announced his resignation last month and his replacement is not Doug Linde, the son of his longtime friend and business partner, Ed Linde, who died in 2010. Instead, the 75-year-old Zuckerman and the company board went outside Boston Properties for its new top leader — to the financial world. [more]