News Release: CBRE 2024 US Life Sciences Outlook: Wave of Lab-Construction Completions Will Boost Vacancy, But Drug Pipeline and Federal Funding Hint at Upside
Press Release FOR IMMEDIATE RELEASE Three markets claim three quarters of lab-construction completions in 2024: Boston, San Francisco, San Diego Dallas – Jan. 10, 2024 – The U.S. life sciences real estate market faces multiple challenges this year, though the sector’s resilience is underscored by factors including increased federal funding, a growing pipeline of approved […]
News Release: BioMed Realty Strengthens Leadership Team with Key Officer Promotions
SAN DIEGO–(BUSINESS WIRE)–BioMed Realty (the “Company”), a leading provider of real estate solutions to the life science and technology industries, announced today the promotions of Tracy Letchworth, Ed McDonald and Kevin Vu to the role of Vice President. These promotions are a testament to the Company’s commitment to fostering a team of exceptional leaders and […]
News Release: Alexandria Real Estate Equities, Inc. Celebrates 30 Years at the Vanguard and Heart of the $5 Trillion Secularly Growing Life Science Industry
PASADENA, Calif., Jan. 5, 2024 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative life science, agtech and advanced technology mega campuses in AAA innovation cluster locations, today celebrates the 30th anniversary of its one-of-a-kind, once-in-a-generation company. Alexandria pioneered the novel Labspace® niche […]
News Release: BioMed Realty Strengthens Leadership Team with Key Officer Promotions
PRESS RELEASE January 4, 2024 SAN DIEGO – January 5, 2024 – BioMed Realty (the “Company”), a leading provider of real estate solutions to the life science and technology industries, announced today the promotions of Tracy Letchworth, Ed McDonald and Kevin Vu to the role of Vice President. These promotions are a testament to the […]
News Release: XBiotech to Begin Constructing New R&D Facility on its 48-acre Campus
January 04, 2024 09:00 ET Source: XBiotech Inc. AUSTIN, Texas, Jan. 04, 2024 (GLOBE NEWSWIRE) — XBiotech Inc. today announced that it plans to expand it’s campus headquarters with the construction of a new, state-of-the-art research and development facility. XBiotech has received City of Austin approval to begin excavation for site preparation and groundwork is […]
News Release: UCLA acquires L.A.’s former Westside Pavilion to transform empty mall into the UCLA Research Park
UNIVERSITY NEWS With the acquisition, UCLA will create an engine of innovation, discovery and economic growth for Southern California and beyond. UCLA Newsroom | January 3, 2024 Key takeaways The UCLA Research Park will occupy the former mall site, a 700,000-square-foot property 2 miles from the Westwood campus. The research park will house the California […]
Life Sciences: The top stories and trends of 2023
After this year’s slowdown, LSRE professionals have high hopes for 2024 By Murray W. Wolf NATIONAL – In looking back on the year in life sciences real estate (LSRE), 2023 was obviously The Year of the Slowdown. We have not yet closed the books on 2023, so we don’t have final data. But it looks […]
News Release: Gov. Kemp: Medical Device Manufacturer Gerresheimer Expands in Peachtree City (Ga.)
DECEMBER 21, 2023 Atlanta, GA – Governor Brian P. Kemp today announced that Gerresheimer, a manufacturer for the pharma and life science industry, will invest more than $88 million in expanding its manufacturing operations in Peachtree City, creating over 200 new jobs for Fayette County. “This project is a prime example of the exciting growth […]
News Release: CBRE Closed Transaction | 100% Leased R&D Life Sciences Facility – 701 Veterans Circle, Warminster, PA
Recently Closed Transaction 701 Veterans Circle Warminster, Pennsylvania Closed Deal Summary CBRE is proud to announce the sale of 701 Veterans Circle, a 35,155 square foot, research and development lab facility located in Bucks County, Pennsylvania in the Philadelphia suburbs. The Property is 100% NNN-leased to Arbutus Biopharma and serves as the company’s global headquarters […]
News Release: Hatch BioFund Announces New Partnership with Brandywine Realty Trust
The collaboration will support the advancement of life sciences companies in Greater Philadelphia December 20, 2023 10:10 AM Eastern Standard Time PHILADELPHIA–(BUSINESS WIRE)–Hatch BioFund Management LLC (“Hatch BioFund”), an early- stage life sciences venture capital firm headquartered in the Philadelphia region, and Brandywine Realty Trust (“Brandywine”), one of the largest, publicly traded, full-service, integrated real […]
News Release: Healthpeak Properties Receives Entitlements for an Additional 1.3 Million Square Feet of Development at the Vantage Campus in South San Francisco
December 19, 2023 04:15 PM Eastern Standard Time DENVER–(BUSINESS WIRE)–Healthpeak Properties, Inc. (NYSE: PEAK) (“Healthpeak”), a leading owner, operator, and developer of real estate for healthcare discovery and delivery, today announced it has received approval of entitlements for Phases II and III of its purpose-built lab development campus, Vantage, in South San Francisco. “Inspired by […]
News Release: TriPost Capital Partners Makes Strategic Investment in South Duvall
NEWS PROVIDED BY South Duvall, Inc 19 Dec, 2023, 10:00 ET NEW YORK, Dec. 19, 2023 /PRNewswire/ — Rockville, MD-based South Duvall announced today that the company has secured a strategic investment from TriPost Capital Partners (TriPost). The capital investment from TriPost will allow South Duvall to further scale its acquisition activities and solidify its […]
News Release: Hines Global Income Trust Acquires The IBM 500 Campus In Durham, North Carolina
DECEMBER 18, 2023 (DURHAM, NC) – Hines, the global real estate investment, development, and property manager, announced that Hines Global Income Trust, Inc. (“HGIT”) has acquired the IBM 500 Campus, a 774,000 square-foot property located at 4205 South Miami Boulevard, Durham, North Carolina. Terms were not disclosed. The acquisition expands HGIT’s presence in the region […]
News Release: Just Financed – Ionis Carlsbad Build-to-Suit
Capital Markets | Healthcare & Life Sciences Just Financed State-of-the-Art Life Sciences Campus 100% Build-to-Suit CBRE Transaction Highlights Construction Facility: $136 Million Date Closed: 11/29/2023 Total Size: 164,757 SF Tenant Occupancy: 100% Ionis Carlsbad Build-to-Suit | Carlsbad, CA CBRE U.S. Healthcare Capital Markets is pleased to announce the financing of Ionis Carlsbad Build-to-Suit (the “Property”), […]
News Release: Alexandria Real Estate Equities, Inc. Announces Long-Term 165,940 RSF, Full-Building Lease With Novo Nordisk for R&D Center at the Alexandria Center for Life Science – Waltham Mega Campus in Greater Boston
PASADENA, Calif., Dec. 15, 2023 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative life science, agtech and advanced technology mega campuses in AAA innovation cluster locations, today announced that Novo Nordisk, a leading global healthcare company, has executed a long-term full-building lease […]