News Release: Commercial Real Estate Executive Dan Ryan to Lead Mortenson Properties, Inc.
07/31/2023 Mortenson Properties, Inc. (MPI) has announced the addition of Dan Ryan as Managing Director. In this role, Ryan will have responsibility for all aspects of MPI’s activities, from new real estate investments to asset management, and enabling the next phase of real estate asset growth. MPI is the real estate equity ownership arm in […]
Life Sciences: Alexandria’s Q2 earnings top revenue and FFO estimates
REIT sells more than $700 million in assets and plans to sell another $1 billion By Murray W. Wolf PASADENA, Calf. – When it comes to life sciences real estate (LSRE) business, few firms get more attention than Alexandria Real Estate Equities Inc. (NYSE: ARE), the LSRE market’s largest U.S. property owner and its only […]
Life Sciences: Lots of underwriting, but not much buying
Yet IMN panel says there are still pockets of opportunity for investors By Murray W. Wolf NEW YORK – The life sciences real estate (LSRE) market continues to be characterized by good long-term fundamentals and strong investor demand, but also increased selectivity on the part of both tenants and investors, at least in the short […]
News Release: BioMed Realty Appoints Charlie Piscitello as the Company’s Chief People Officer
Highly Accomplished and Experienced Human Capital Executive Joins BioMed Realty’s Leadership Team July 27, 2023 09:00 AM Eastern Daylight Time SAN DIEGO–(BUSINESS WIRE)–BioMed Realty, a leading provider of real estate solutions to the life science and technology industries, announced that Charlie Piscitello has joined the company as Chief People Officer. In this role, Mr. Piscitello […]
News Release: US Life Sciences Real Estate Market Slows to More Sustainable Pace in Q2
Press Release FOR IMMEDIATE RELEASE US Life Sciences Real Estate Market Slows to More Sustainable Pace in Q2 Lab vacancy rises, but employment continues to grow; Philadelphia, Washington, DC, among markets registering increases in demand Dallas – July 26, 2023 – Momentum slowed in the second quarter for the U.S. life sciences real estate market, […]
News Release: MassBio Breaks Ground on 4,000-Square-Foot ‘Bioversity’ Workforce Training Center in Dorchester
JUL 25, 2023 Inaugural workforce training facility to develop new career pathways for residents entering life sciences industry BOSTON, MA (July 25, 2023) – MassBio today celebrated the official groundbreaking of Bioversity‘s first workforce training center at Southline Boston in Dorchester with community partners, key funders, city and state leaders, and project developers in attendance. […]
News Release: Alexandria Real Estate Equities, Inc. Reports: 2Q23 and 1H23 Net Income per Share – Diluted of $0.51 and $0.95, respectively; and 2Q23 and 1H23 FFO per Share – Diluted, As Adjusted, of $2.24 and $4.43, respectively
NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. 24 Jul, 2023, 16:10 ET PASADENA, Calif., July 24, 2023 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced financial and operating results for the second quarter ended June 30, 2023. Key highlights Operating results 2Q23 2Q22 1H23 1H22 Total revenues: In millions $ 713.9 $ 643.8 $ 1,414.7 $ […]
News Release: HPM Hires Senior Project Manager As Firm Expands Life Sciences Footprint
Chandler Creel brings decades of experience overseeing facility shutdowns and construction projects for pharmaceutical and life sciences companies Birmingham, Ala. (July 24, 2023) – Birmingham-based program management firm, HPM announces hiring Chandler Creel as Senior Project Manager, expanding the firm’s capabilities in the pharmaceutical and life sciences industries. Chandler joined HPM’s Atlanta office and is overseeing […]
News Release: Cincinnati Children’s to build research pavilion in Avondale
Site to be new home for Vaccine Research Center as well as Biobank and freezer archive Monday, July 24, 2023 Cincinnati Children’s will build a research pavilion in Avondale that will serve as the new home of the Gamble Vaccine Research Center, the Discover Together Biobank and a freezer archive used for long-term cold storage […]
Life Sciences: A Q&A with King Street’s Michael DiMinico
Firm’s managing director/partner discusses development, leasing and the LSRE market BOSTON – King Street Properties is one of the world’s largest private owner/operators of life science real estate (LSRE). The Boston-based LSRE investment and development firm has 3 million square feet under ownership and management, and 4.5 million square feet in development, with assets in […]
News Release: TCC and CBRE IM Break Ground on 234K-SF Life Sciences Development in Redwood City, California
REDWOOD CITY, CA July 20, 2023 Trammell Crow Company (TCC), a global commercial real estate developer, and JV partner CBRE Investment Management, on behalf of a separate account client, broke ground on a 234,000-square-foot life sciences development in Redwood City, California. Located at 200 Twin Dolphin Drive, the Class A facility is slated to deliver […]
News Release: Two Life Science Innovators Expand Within TCC’s Fulton Labs Portfolio in Chicago
CHICAGO, IL CZ Biohub Chicago and Portal Innovations Signed Deals at 400 N. Aberdeen to Grow their Footprints within the Fulton Labs Campus July 17, 2023 Trammell Crow Company (TCC), a global commercial real estate developer, announced that two tenants at Fulton Labs, the firm’s 725,000-square-foot, two-building life science campus in Chicago, signed leases to […]
Life Sciences: Despite ‘growing pains,’ fundamentals remain strong
IMN panel discusses ‘flight to quality,’ ‘sad labs,’ changing office-lab ratios and more By Murray W. Wolf About one year ago, a group of life sciences real estate (LSRE) experts gathered in San Diego noted that, due to the economic climate – which, at the time, included high inflation, rising interest rates and other factors […]
News Release: Newmark Names Elizabeth Berthelette, CRE, as Head of National Life Science Research
July 12th, 2023 1:00pm CAPITAL MARKETS LIFE SCIENCE CAPITAL MARKETS BOSTON July 12, 2023 1:00 PM Newmark announces Elizabeth Berthelette, CRE, has been promoted, expanding her oversight from Head of Northeast Research to encompass the newly created Head of National Life Science Research role. Reporting to Executive Managing Director of National Research Jonathan Mazur, Berthelette […]
News Release: MilliporeSigma Invests $25 Million to Expand Cell Culture Media Production in Kansas
NEWS RELEASE Lenexa, Kansas facility becomes company’s largest dry powder cell culture media facility and Center of Excellence in North America Boosts capabilities with additional 98,000 sq ft of manufacturing and redesigned lab space Investment to bring 60 jobs to Kansas City area Burlington, MA, July 12, 2023 – MilliporeSigma, the U.S. and Canada Life […]