Young's recommendation is based on Boston Properties' $1.3 billion development pipeline, its conservatively managed balance sheet and its high quality assets in high barrier to entry markets such as New York, Boston, San Francisco and Washington, DC.

"Our focus in 2000 has been the convergence of real estate and technology," says Young in a statement. "Based upon our research we believe that real estate and an Internet infrastructure are becoming inextricably linked since a wired real estate platform creates intangible value for customers, and thereby its shareholders. Currently, Boston Properties is cautiously working to converge real estate and technology, and we view its moves positively and as an additional catalyst to move the stock price higher."

Within the past three years, Duetsche Bank Securities Inc. or its wholly owned subsidiary, DB Alex. Brown LLC, has managed or co-managed a public offering of Boston Properties.