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Boston Life Science Property Jumps in Value, Hana Puts NASA Headquarters Up for Sale, Fast Start for Government Apartment Loan Purchases

A Weekly Look at the Commercial Mortgage-Backed Securities Business
Vertex Pharmaceuticals leases more than 1 million square feet in Boston’s Seaport District, including 50 Northern Ave. (CoStar)
Vertex Pharmaceuticals leases more than 1 million square feet in Boston’s Seaport District, including 50 Northern Ave. (CoStar)
CoStar News
January 6, 2022 | 2:57 P.M.

Boston Life Science Property Jumps in Value: Diversified Healthcare Trust has brought in a second joint venture partner for its life science office property in Boston’s Seaport District. An unnamed global institutional investor acquired a 35% interest in the two-building site for $378 million, according to Diversified Healthcare. The purchase price was based on a valuation of $1.7 billion, less the $620 million of existing securitized debt, the company said.

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