{"id":1004767916,"date":"2025-08-08T01:45:43","date_gmt":"2025-08-08T09:45:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004767916"},"modified":"2025-08-08T05:37:41","modified_gmt":"2025-08-08T13:37:41","slug":"jv-nabs-1b-refi-for-boston-life-science-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/","title":{"rendered":"RMR-Led JV Secures $1B for Boston Life Science Campus"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a0eea822fc03&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" data-attachment-id=\"1004767993\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/bos_hq_exterior_vertex-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/BOS_HQ_exterior_Vertex-1.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"BOS_HQ_exterior_Vertex (1)\" data-image-description=\"&lt;p&gt;Exterior shot depicting  the headquarters of Vertex Pharmaceuticals in Boston.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Vertex Pharmaceuticals inked the biggest commercial lease in Boston at the time to occupy the 1.1 million-square-foot campus. Image courtesy of Vertex Pharmaceuticals&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/BOS_HQ_exterior_Vertex-1.jpg?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/BOS_HQ_exterior_Vertex-1.jpg\" alt=\"Exterior shot depicting  the headquarters of Vertex Pharmaceuticals in Boston.\" class=\"wp-image-1004767993\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/BOS_HQ_exterior_Vertex-1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/BOS_HQ_exterior_Vertex-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/BOS_HQ_exterior_Vertex-1.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Vertex Pharmaceuticals inked the biggest commercial lease in Boston at the time to occupy the 1.1 million-square-foot campus.<em> Image courtesy of Vertex Pharmaceuticals<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>A joint venture managed by The RMR Group has secured a $1 billion refinancing loan for a 1.1 million-square-foot life science and office campus in Boston that serves as the headquarters of Vertex Pharmaceuticals. The venture includes private institutional investors and Diversified Healthcare Trust, which owns a 10 percent equity interest.<\/p>\n\n\n\n<p>A consortium of Morgan Stanley, Bank of Montreal, Goldman Sachs and J.P. Morgan issued the five-year, interest-only, fixed-rate note with an interest of 5.59 percent.<\/p>\n\n\n\n<p>The venture will utilize proceeds to retire an existing $620 million CMBS loan originated by Morgan Stanley in 2016, with a maturity date set in 2026 according to Yardi Research Data. Additional funds will go toward leasing reserves and cash repatriation.<\/p>\n\n\n\n<p>This refinancing deal landed just one year after Vertex Pharmaceuticals inked an early lease renewal, agreeing to occupy the property until 2044. Its initial agreement was the largest such commitment in Boston at the time.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/key-trends-shaping-the-life-science-sector\/\">6 Key Trends Shaping the Life Science Sector<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The campus debuted in 2013, constructed on a build-to-suit basis for the pharma company. A year later, Diversified Healthcare Trust, formerly Senior Housing Properties Trust, paid $1.1 billion for the asset and has since partnered with various investors. The Fallon Co. sold the property.<\/p>\n\n\n\n<p>Vertex Pharmaceuticals\u2019 headquarters consists of two 18-story buildings encompassing 556,105 and 526,312 square feet. The LEED Gold-certified high-rise buildings feature floorplates ranging between 28,500 and 41,000 square feet, as well as floor-to-ceiling windows and 60,000 square feet of retail space.<\/p>\n\n\n\n<p>Located at 50 Northern Ave. and 11 Fan Pier Blvd., the duo is inside Boston\u2019s Seaport district, where Fallon built a 3 million-square-foot master-planned development across nine city blocks.<\/p>\n\n\n\n<p>Dechert&nbsp;provided legal advice for the lenders, while Skadden, Arps, Slate, Meagher &amp; Flom served as counselors for the owners.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-metro-boston-s-life-science-market-has-seen-better-days\">Metro Boston&#8217;s life science market has seen better days<\/h2>\n\n\n\n<p>Greater Boston\u2019s life science market continues grappling with uncertainty, while tenant demand adjusts amid mounting headwinds. Total lab leasing activity clocked in at 426,000 square feet during the second quarter, marking the second lowest volume since June 2020 and resulting in 91,500 square feet of negative absorption, according to a <a href=\"https:\/\/mktgdocs.cbre.com\/2299\/443b0ab2-ab66-41eb-8f0e-2b4771c57b80-2003142458\/Boston_Metro_Lab_Figures_Q2_20.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">CBRE report<\/a>.<\/p>\n\n\n\n<p>Yet, <a href=\"https:\/\/www.commercialsearch.com\/news\/demand-for-lab-space-hits-10-year-low\/\">lab space demand<\/a> rose 30 percent compared to the first three months of 2025, settling at 2.4 million square feet during the second quarter, the report shows. Still, this surge was attributed to upcoming lease expirations rather than organic growth.<\/p>\n\n\n\n<p>The lab space vacancy rate settled at 25.8 percent, up nearly 10 percent year-over-year, and likely to continue to rise as 790,000 square feet of product is slated for delivery fully vacant by year\u2019s end, CBRE\u2019s report reveals.<\/p>\n\n\n\n<p>Investor appetite remained largely subdued, with just two lab space deals closing during the second quarter, the same source shows. MetLife Real Estate Investment <a href=\"https:\/\/www.commercialsearch.com\/news\/metlife-sells-boston-life-science-asset\/\">sold one of the assets for $33 million<\/a>, a sharp decline from the $103 million it paid to acquire the property at 4 Burlington Woods Drive in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A pharmaceutical company renewed its lease at the 1.1 million-square-foot property through 2044.<\/p>\n","protected":false},"author":3471,"featured_media":1004767993,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21808,21825,21742,10,21747],"tags":[47879,52085,33435,43145,32774,33461],"class_list":["post-1004767916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-featured","category-finance","category-latest","category-northeast","category-office","tag-bank-of-montreal","tag-diversified-healthcare-trust","tag-goldman-sachs","tag-j-p-morgan","tag-morgan-stanley","tag-the-rmr-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RMR-Led JV Secures $1B for Boston Life Science Campus - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"The RMR Group-managed venture, including Diversified Healthcare Trust, obtained a $1 billion refi loan for Vertex&#039;s HQ in Boston.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RMR-Led JV Secures $1B for Boston Life Science Campus\" \/>\n<meta property=\"og:description\" content=\"The RMR Group-managed venture, including Diversified Healthcare Trust, obtained a $1 billion refi loan for Vertex&#039;s HQ in Boston.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-08T09:45:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-08T13:37:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/BOS_HQ_exterior_Vertex-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/\",\"name\":\"RMR-Led JV Secures $1B for Boston Life Science Campus - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/BOS_HQ_exterior_Vertex-1.jpg\",\"datePublished\":\"2025-08-08T09:45:43+00:00\",\"dateModified\":\"2025-08-08T13:37:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66\"},\"description\":\"The RMR Group-managed venture, including Diversified Healthcare Trust, obtained a $1 billion refi loan for Vertex's HQ in Boston.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/BOS_HQ_exterior_Vertex-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/BOS_HQ_exterior_Vertex-1.jpg\",\"width\":800,\"height\":600,\"caption\":\"Vertex Pharmaceuticals inked the biggest commercial lease in Boston at the time to occupy the 1.1 million-square-foot campus. Image courtesy of Vertex Pharmaceuticals\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RMR-Led JV Secures $1B for Boston Life Science Campus\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66\",\"name\":\"Claudiu Tiganescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54\",\"caption\":\"Claudiu Tiganescu\"},\"description\":\"Claudiu Tiganescu is an Associate Editor with Multi-Housing News and Commercial Property Executive. With a Bachelor's in English, a minor in Norwegian, and a Master's in linguistics, Claudiu is your go-to source for the latest commercial real estate news, particularly in the affordable, single-family rental, conversions and industrial sectors. You may reach him at claudiu.tiganescu@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/claudiu-tiganescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"RMR-Led JV Secures $1B for Boston Life Science Campus - Commercial Property Executive","description":"The RMR Group-managed venture, including Diversified Healthcare Trust, obtained a $1 billion refi loan for Vertex's HQ in Boston.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/","og_locale":"en_US","og_type":"article","og_title":"RMR-Led JV Secures $1B for Boston Life Science Campus","og_description":"The RMR Group-managed venture, including Diversified Healthcare Trust, obtained a $1 billion refi loan for Vertex's HQ in Boston.","og_url":"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2025-08-08T09:45:43+00:00","article_modified_time":"2025-08-08T13:37:41+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/BOS_HQ_exterior_Vertex-1.jpg","type":"image\/jpeg"}],"author":"Claudiu Tiganescu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/","url":"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/","name":"RMR-Led JV Secures $1B for Boston Life Science Campus - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/BOS_HQ_exterior_Vertex-1.jpg","datePublished":"2025-08-08T09:45:43+00:00","dateModified":"2025-08-08T13:37:41+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66"},"description":"The RMR Group-managed venture, including Diversified Healthcare Trust, obtained a $1 billion refi loan for Vertex's HQ in Boston.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/BOS_HQ_exterior_Vertex-1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/BOS_HQ_exterior_Vertex-1.jpg","width":800,"height":600,"caption":"Vertex Pharmaceuticals inked the biggest commercial lease in Boston at the time to occupy the 1.1 million-square-foot campus. Image courtesy of Vertex Pharmaceuticals"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/jv-nabs-1b-refi-for-boston-life-science-campus\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"RMR-Led JV Secures $1B for Boston Life Science Campus"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cbed638584257d6fb5a2a9c95c982b66","name":"Claudiu Tiganescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/06\/Claudiu_Tiganescu.jpg?w=54","caption":"Claudiu Tiganescu"},"description":"Claudiu Tiganescu is an Associate Editor with Multi-Housing News and Commercial Property Executive. With a Bachelor's in English, a minor in Norwegian, and a Master's in linguistics, Claudiu is your go-to source for the latest commercial real estate news, particularly in the affordable, single-family rental, conversions and industrial sectors. You may reach him at claudiu.tiganescu@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/claudiu-tiganescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/BOS_HQ_exterior_Vertex-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004767916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3471"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004767916"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004767916\/revisions"}],"predecessor-version":[{"id":1004768052,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004767916\/revisions\/1004768052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004767993"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004767916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004767916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004767916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}