Real estate investment trusts are on the move again, and Ross Smotrich, an analyst at Barclays Capital, thinks now is a perfect time to buy blue-chip REITs at bargain prices. (For another take on REITs, see page 108.) He likes Boston Properties ( BXP, 50) , which owns classy office buildings like Boston's Prudential Tower, San Francisco's Embarcadero Center and, in Manhattan, 399 Park Avenue, Times Square Tower and Citigroup Center.

FORBES

The projects include two hotels, a new Prudential office tower, the relocation of Panasonic's North American headquarters, two additional loft conversions and long-sought amenities, such as a Dinosaur Bar-B-Que restaurant.

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While Prudential is betting that it can fill the tower with high-paying tenants that have thus far gone elsewhere, it faces a Manhattan office market that is starting to wobble.

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