News Release: Kennedy Wilson Acquires First Tranche of $5.7 Billion Loan Portfolio From Pacific Western Bank
Off-market transaction will expand Kennedy Wilson’s national footprint and debt investment platform by initially adding over $2 billion to fee-bearing capital BEVERLY HILLS, Calif.–(BUSINESS WIRE)– Representing one of the first significant real estate debt transactions in this market cycle, global real estate investment company Kennedy Wilson (NYSE: KW) has closed on the initial tranche of […]
News Release: Bristol Myers Squibb Receives U.S. FDA Approval of New State-of-the-Art Cell Therapy Manufacturing Facility in Devens, Massachusetts
The company’s third commercial CAR T manufacturing facility in the U.S. further extends Bristol Myers Squibb’s leadership in cell therapy June 08, 2023 04:16 PM Eastern Daylight Time PRINCETON, N.J.–(BUSINESS WIRE)–Bristol Myers Squibb (NYSE: BMY) today announced that the U.S. Food and Drug Administration (FDA) has approved commercial production at the company’s newest cell therapy […]
News Release: CBRE Analysis: Persistent Expansion in the Number of US Life Science Researchers Highlights Resiliency of US Life Sciences Job Market
Press Release FOR IMMEDIATE RELEASE CBRE’s second annual analysis of US life sciences research talent finds the number of researchers has not declined in more than 20 years, through three recessions Boston/Cambridge remains the top market for life sciences research talent, with Philadelphia and Miami/Fort Lauderdale among the metros that improved the most over the […]
News Release: Just Closed –100% Leased to Duke Health with 10+ Years of Term in the Heart of Durham’s Research Triangle
Capital Markets | Healthcare & Life Sciences Just Closed 100% Leased to Duke Health with 10+ Years of Term in the Heart of Durham’s Research Triangle CBRE Transaction Highlights Date Closed: 5/25/2023 Size: 60,192 SF Occupancy: 100% Duke Medical Plaza | Durham, NC CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of Duke Medical […]
Life Sciences: Supply is outpacing demand, with more in the pipeline
RevistaLab data shows falling occupancies, fewer transactions in Q1 2023 By Murray W. Wolf and John B. Mugford Life sciences real estate (LSRE) construction completions are outpacing space absorption, which is driving down occupancy rates. Meanwhile, the pace of sales transactions has slowed considerably during the past two quarters. That’s not news to anyone familiar […]
News Release: Skanska secures zoning rights for 158,000 sqm in Boston’s Longwood Medical Area, Boston, USA, for USD 344M, about SEK 3.7 billion
STOCKHOLM, June 1, 2023 /PRNewswire/ — Skanska has closed on a land investment with Simmons University and secured the development rights for a 158k sqm development, Longwood Place, in the Longwood Medical Area. The initial investment is USD 344M, about SEK 3.7 billion. Payment for the land acquisition will be made successively up to 2026, by […]
News Release: Oxford Properties Completes US$91 Million Sale of Newly Constructed, 140,000 Square Foot Boston GMP Facility to Pioneering Biotechnology Firm Moderna
– Originally acquired by Oxford as a development and investment opportunity in 2021, the transaction highlights continued institutional demand for best-in-class biomanufacturing space – BOSTON, May 30, 2023 /PRNewswire/ – Oxford Properties Group (“Oxford”), a leading global real estate investor, asset manager and developer, today announced the sale of 149 Hayes Memorial Drive, a newly built, […]
News Release: Just Financed. Seven-Story Medical Office and Biomedical Building in Downtown Grand Rapids, MI
Doug Meijer Medical Innovation Building 109 Michigan St. NW | Grand Rapids, MI 49503 Berkadia Medical and Life Sciences secured a non-recourse permanent loan at 65% LTV for the Doug Meijer Medical Innovation Building in downtown Grand Rapids, Michigan. The Sponsor is a JV between Harrison Street, Walsh Construction, Murphy Development, and Rockford Construction. Harrison […]
News Release: Bergman Real Estate Group Announces New Long-Term Lease at 500 College Road East in Princeton
Accurant Biotech signs 27,000 sq. ft. in recently renovated office center PRINCETON, N.J. (May 23, 2023) — Bergman Real Estate Group, a full-service real estate company based in Woodbridge, New Jersey, announced that the life sciences company, Accurant Biotech, Inc. has signed a 10-year lease for 26,566 feet of office space at 500 College Road […]
News Release: Greystar Welcomes Matt Denoble To Expand Growing Life Sciences Verticle
PRESS RELEASE MAY 18, 2023 DeNoble brings more than two decades of asset management experience to the firm Boston, Massachusetts – May 18, 2023 – Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality real estate, including rental housing, logistics, and life sciences, today announced that Matt […]
News Release: NexPoint Expands Life Sciences Real Estate Footprint with Acquisition of Two Properties from Adare Pharma Solutions
Properties were indirectly acquired by NexPoint Life Sciences II DST, a Delaware statutory trust seeking to raise $42 million in equity from accredited investors via a private placement offering DALLAS, May 17, 2023 /PRNewswire/ — NexPoint, a multibillion-dollar alternative investment platform, today announced the acquisition of two life sciences industrial properties located in Philadelphia, Pennsylvania, from Frontida Biopharm, LLC, a company in the […]
News Release: TCC Signs Another Life Sciences Tenant At Fulton Labs In Chicago
PRESS RELEASE Charles River Laboratories Leased 8,800 Square Feet at 1375 West Fulton Chicago – May 15, 2023 – Trammell Crow Company (TCC), a global commercial real estate developer, signed a lease with Charles River Laboratories’ (CRL), at its Fulton Labs campus in Chicago. The company will occupy 8,776 square feet of space on the […]
News Release: Verséa Health, Inc. expansion to a larger facility in Tampa (FL)
May 8, 2023 by Natasha Svast We are pleased to announce our expansion to a larger facility and our plan to add 40 new jobs over the next 2-3 years. The new facility that we leased in downtown Tampa at 401 S. Florida Avenue has more than 14,000 square feet. It provides enough space for […]
Life Sciences: Ventas sees encouraging Q1 same-store growth for LSRE
Occupancy and NOI fell, but there’s more to the data than meets the eye, REIT officials say By Murray W. Wolf CHICAGO – During the past two weeks, BREI has taken a look at the first quarter (Q1) 2023 earnings reports from five of the top 10 owners of life sciences real estate (LSRE). In […]
News Release: HATCHlabs Named a 2023 NAIOP SoCal Awards Finalist for Interior Project of the Year
This prestigious nomination places HATCHlabs @ Irvine Spectrum among Southern California’s leading commercial real estate developments. DENVER, May 10, 2023 (Newswire.com) – HATCHlabs @ Irvine Spectrum, a joint development project between HATCHspacesⓇ, NexCore Science and Technology, BAM Creative, and HITT Contractors, was selected as a finalist for the 2023 NAIOP SoCal Awards under the “Interior […]