News Release: Stirling Assists Birmingham Water Works in Acquiring New Industrial Life Science Facility
by Stirling Properties Published August 16, 2023 Stirling Advisors Juhmad M. Hollis and Melissa Warren, CCIM represented Birmingham Water Works (BWWB) in their search to acquire a new building for the development of their new EnviroLab facility. The acquisition marks a pivotal moment in the BWWB’s relentless pursuit of advancing water quality standards in the […]
News Release: Ancora L&G, One Year In: Providence, Rhode Island construction launches
Providence, RI, August 16, 2023—Ancora L&G, today announced the full launch of construction of a new life sciences building on a parcel of land at 150 Richmond Street, Providence, Rhode Island. Ancora L&G will develop a 210,000 sq. ft. building designed specifically to bring a diverse set of life- and health- science organizations into downtown […]
News Release: Bulfinch Announces Expansion With Spindrift And Multiple Life Science Leases At Chapel Bridge Park
BOSTON, MA – August 15, 2023 An affiliate of The Bulfinch Companies, Inc. (Bulfinch), a commercial real estate and investment firm, today announces Spindrift has renewed their lease, expanding their headquarters in Newton and the firm has also signed multiple new leases and renewals with life science tenants at Chapel Bridge Park in Newton. The […]
News Release: Astellas to Open New Life Sciences Facility in DivcoWest’s Cambridge Crossing Neighborhood
NEWS PROVIDED BY Astellas Pharma Inc. 09 Aug, 2023, 19:30 ET TOKYO and SAN FRANCISCO, Aug. 9, 2023 /PRNewswire/ — Astellas Pharma Inc. (TSE: 4503, President and CEO: Naoki Okamura, “Astellas”) and DivcoWest, a DivCore Capital Company, announced today plans for Astellas to open a new state-of-the-art life sciences facility at 441 Morgan Avenue, in […]
Life Sciences: BXP reports solid Q2; plans to lean into life sciences
Boston Properties says it is well positioned for a coming rebound in tenant demand By Murray W. Wolf Boston Properties Inc. (NYSE: BXP) reported solid second quarter (Q2) financial results last Tuesday (Aug. 1), surpassing market expectations. But there was bad news, too. Executives of BXP, which is active in the office, life sciences and […]
News Release: Berkadia Adds Director To Medical & Life Sciences Platform
Minneapolis, MN – August 7, 2023 – Berkadia announced today the addition of Director Patrick Abeln to the Medical & Life Sciences platform. Abeln will be based in Minneapolis and will be focusing on debt placement and JV equity structuring. Abeln will report to Senior Managing Director – Head of Medical & Life Sciences Sabrina […]
News Release: Preston Hollow Community Capital Completes $85 Million Bond Purchase for Mixed-Use Development in Westbrook
August 08, 2023 09:00 AM Eastern Daylight Time DALLAS–(BUSINESS WIRE)–Preston Hollow Community Capital (“PHCC”) recently announced the purchase of $85.7 million in tax-exempt revenue bonds issued by the Finance Authority of Maine (“FAME”). Proceeds from the bonds will be used to fund the development of critical public infrastructure in a 65-acre mixed-use development in Westbrook, […]
News Release: TPG Reports Second Quarter 2023 Financial Results
Total assets under management of $139 billion as of June 30, 2023, an increase of 9% compared to $127 billion as of June 30, 2022 GAAP net income attributable to TPG Inc. of $27 million for the second quarter ended June 30, 2023, with basic net income per share of Class A common stock of […]
Life Sciences: No significant distress for LSRE – at least so far
But IMN panel says that’s something to watch in the next 12-24 months By Murray W. Wolf NEW YORK – Nearly $72 billion in U.S. commercial real estate (CRE) was considered “distressed” as of the end of the second quarter (Q2), an increase of 15 percent versus Q1, and another $162 billion of properties were […]
News Release: Seattle’s New Industry & Innovation Zone Features Concept for First Tom Kundig‑designed Life Sciences Building
SEATTLE, Aug. 3, 2023 — Olson Kundig is pleased to share concept images of a new laboratory and life sciences building in Seattle’s Interbay neighborhood. On July 18, the Seattle City Council voted to adopt a long-anticipated legislative package that aims to revitalize industrial areas and allow innovation in industrial products. The prospective laboratory and […]
News Release: EQT Exeter Real Estate Income Trust Launches
NEWS PROVIDED BY EQT 03 Aug, 2023, 07:40 ET EQT Exeter Real Estate Income Trust, Inc. Initial Public Offering Declared Effective by the U.S. Securities and Exchange Commission PHILADELPHIA, Aug. 3, 2023 /PRNewswire/ — EQT Exeter Real Estate Income Trust, Inc. (“EQRT”) today announced its Registration Statement on Form S-11 in connection with its initial public […]
News Release: Healthcare Expert Philip Wurth Joins CBRE in Phoenix as Senior Vice President
Phoenix, AZ August 2, 2023 Philip Wurth has joined CBRE as a senior vice president in Phoenix. He brings over two decades of commercial real estate experience, specializing in healthcare and life science properties. Mr. Wurth will focus on representing discerning tenants and landlords in the acquisition, disposition and leasing of medical office buildings, surgery […]
News Release: BXP Announces Second Quarter 2023 Results; Reports Q2 EPS of $0.66 and FFO Per Share of $1.86
Exceeded Q2 Guidance for EPS and FFO; Executed Approximately 938,000 SF of Leases in Q2; and Opened the Highly Anticipated View Boston Observation Deck Experience August 01, 2023 04:15 PM Eastern Daylight Time BOSTON–(BUSINESS WIRE)–BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for […]
News Release: McCord Development Expands Commitment to Life Science And Biomanufacturing Ecosystem in the Greater Houston Area with Biohub Two at Generation Park
Aug 1 MCCORD DEVELOPMENT EXPANDS COMMITMENT TO LIFESCIENCE AND BIOMANUFACTURING ECOSYSTEM IN THE GREATER HOUSTON AREA WITH BIOHUB TWO AT GENERATION PARK The 45-acre master-planned campus solidifies Houston’s role as a leading hub for life science manufacturing McCord Development today announced that they are expanding their offerings for the life sciences and biomanufacturing industry with […]
News Release: USDA, Washington State University Break Ground on New State-of-the-Art Agricultural Research Facility
PULLMAN, Wash., August 1, 2023 — U.S. Agriculture Secretary Tom Vilsack today participated in a groundbreaking ceremony for a new Plant Sciences Building that will house scientists from the U.S. Department of Agriculture’s Agricultural Research Service (ARS) and Washington State University (WSU). ARS and WSU hosted the ceremony for the new building that will be […]