Edward Linde, Boston Properties CEO, Dies at 67

Edward H. Linde, CEO and co-founder of Boston Properties (BXP), died from complications related to pneumonia on Sunday. He was 67.Boston Properties, which Linde and partner Mortimer Zuckerman founded in 1970, specializes in high-profile "Class A" properties in Washington D.C., Boston, New York and San Francisco. The buildings that the company buys tend to be well-known "name" buildings that attract prominent tenants, including Boston's Prudential Tower and Atlantic Wharf, New York's Times Square Tower, and San Francisco's Embarcadero Center.

%%DynaPub-Enhancement class="enhancement contentType-HTML Content fragmentId-1 payloadId-61603 alignment-right size-small"%%But perhaps the company's most famous holding is New York's General Motors Building, which the company bought in a joint venture for $2.8 billion in 2008. The highest price ever paid for an office building in the U.S., the deal was also, according to some sources, the largest single asset transaction of 2008.

Linde received an undergraduate degree in Civil Engineering from the Massachusetts Institute of Technology and an MBA from Harvard. He began his career in real estate as Vice President at Cabot, Cabot & Forbes, a venerable Boston-area real estate firm. After five years, he struck out on his own, forming Boston Properties with Zuckerman.

For several years, Linde has been a fixture on Forbes' list of highest-compensated CEOs. Linde was also president of the company until 2007, when he was replaced by his son, Douglas. Upon Linde's death, Zuckerman, who is chairman of the board for the company, is stepping in as CEO.

Beyond his work in real estate, Linde was also a prominent political contributor, supporting the presidential campaigns of Wesley Clark, John Kerry, Hilary Clinton, and Christopher Dodd. He also gave money to numerous congressional and senate campaigns, as well as the Democratic National Committee and various lobbying groups. Linde's other interests included various cultural and charitable causes, including the Boston Symphony Orchestra, Beth Israel Hospital, and Boston's Museum of Fine Arts.

Correction: A previous version of this story included a picture of Mortimer Zuckerman, not Edward Linde.
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