2009 Globe 100

Top Massachusetts real estate companies

The housing market continued to wallow in 2008; the recession and collapse of the lending market also took a toll on commercial real estate. High-profile development projects came to a stop, including the reconstruction of the Filene's site in Downtown Crossing. The sharp downturn in commercial and home building cost the state 23,000 construction jobs by April. Companies ranked by revenues in 2008.
Rank Company Revenue (millions) Change (percent)
1 Boston Properties $1,301.8 -13.4
2 Hospitality Properties Trust $1,252.7 -2.6
3 HRPT Properties Trust $837.0 6.5
4 Senior Housing Properties Trust $235.5 25.3
5 Franklin Street Properties $123.9 -3.9
6 Berkshire Income Realty $66.5 5.8
7 New England Realty Associates $32.5 3.7
8 Winthrop Realty Trust -$23.0 -132.6
SOURCE: Standard & Poor's Compustat