News Release: Heritage Global Partners to Conduct Two Major Online Auctions of Cue Health’s Assets
Unique Opportunity by Order of the US Bankruptcy Court (Case # 24-11096-CTG), Featuring Over 2,000 Auction Lots! August 12, 2024 02:00 PM Eastern Daylight Time SAN DIEGO–(BUSINESS WIRE)–Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, has been appointed by the Chapter […]
Life Sciences: Alexandria’s frustration with NYC boils over
Long exasperated with city officials, the life sciences REIT takes legal action By Murray W. Wolf As has been widely reported, Alexandria Real Estate Equities Inc. (NYSE: ARE) filed a lawsuit in U.S. District Court last Tuesday, Aug. 6, against the New York City Health + Hospitals Corporation (H+H) and the New York City Economic […]
Life Sciences: Longfellow’s vacant Emeryville, Calif., campus faces a lawsuit and plans for a partial sale
EMERYVILLE, Calif. – In spring 2021, when the life sciences real estate (LSRE) frenzy was near its peak, Longfellow Real Estate Partners LLC proposed the development of a new, three-building, 965,322 square foot residential and office/lab project in Emeryville. The project was to entail the redevelopment of three industrial parcels totaling nearly 7.3 acres, just […]
News Release: Texas Tech Officials Cut Ribbon on Newest Academic Facility
The Academic Sciences Building offers greater opportunities for collaboration, research and experiential learning. Officials from Texas Tech University, the Texas Tech University System and other community stakeholders celebrated during a ribbon-cutting ceremony today (Aug. 9), officially declaring the Academic Sciences Building (ASB) open for business just as a new academic year appears on the […]
News Release: Andrew Galvin Appointed to RI Bio Board
Aug 2, 2024 RI Bio, Southeastern New England’s life sciences trade group, announced the appointment of Andrew Galvin, Senior Vice President of CBRE, Inc., to its board of directors at its June meeting. Mr. Galvin has been with CBRE, Inc. for over 15 years, concentrating on office leasing and office investment sales. He is currently […]
News Release: Shapiro Administration Invests Nearly $3 Million to Bring Adare Pharma Solutions’ Headquarters to Pennsylvania, Creating 115 New, Well-Paying Jobs in Philadelphia
The life sciences company is investing at least $16.8 million to relocate its headquarters to PA from New Jersey and upgrade its two current Philadelphia facilities, building on Pennsylvania’s reputation as a life sciences leader. FROM THE OFFICE OF PENNSYLVANIA GOVERNOR JOSH SHAPIRO Harrisburg, PA, August 1, 2024 – Today, Governor Josh Shapiro announced the […]
News Release: Portal Innovations Partners with the University of Chicago at Hyde Park Labs to Launch New Science Incubator
August 01, 2024 11:04 AM Eastern Daylight Time CHICAGO–(BUSINESS WIRE)–Portal Innovations, a national venture creation and development platform, is partnering with the University of Chicago’s Polsky Center for Entrepreneurship and Innovation to design and manage a science startup incubator at Hyde Park Labs. The UChicago Science Incubator will encompass approximately 22,000 square feet at Hyde […]
Life Sciences: Lilly opens R&D center in Boston Seaport District
Majority owned by Alexandria, 15 Necco St.’s life sciences space is fully leased By Murray W. Wolf The life sciences real estate (LSRE) development pipeline continues to add millions of square feet of speculative space to a market that has already endured two years of steadily falling occupancy rates. But here is some good news: […]
News Release: Net Absorption of Lab Space Grew Nationally in the Second Quarter
Meanwhile, construction completions totaling 5 million sq. ft. push vacancy rate to 16.7% Dallas – Aug. 1, 2024 – The U.S. life sciences real estate market generated positive net absorption in the second quarter while a wave of construction completions nonetheless increased the national lab vacancy rate, according to a new report from CBRE. Net absorption […]
News Release: BXP Announces Second Quarter 2024 Results
Exceeded Q2 Guidance for EPS and FFO, Executed More Than 1.3 Million Square Feet of Leases in Q2, and Named One of the World’s Most Sustainable Companies by TIME Magazine BOSTON–(BUSINESS WIRE)–Jul. 30, 2024— BXP, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, reported results today for the […]
Life Sciences: Alexandria adjusts to a ‘sector bear market’
REIT says it has adapted since the LSRE bull run ended in 2021 By Murray W. Wolf PASADENA, Calif. – Alexandria Real Estate Equities Inc. (ARE) reported a mixed bag of second quarter (Q2) 2024 financial results Monday, July 22, exceeding Wall Street expectations regarding some metrics but falling short in others. But the Pasadena-based […]
News Release: Montgomery County Council Approves Great Seneca Plan: Connecting Life and Science
For Immediate Release: Tuesday, July 30, 2024 The Montgomery County Council voted today to approve the Planning Board Draft of the Great Seneca Plan: Connecting Life and Science with revisions. The plan covers 4,330 acres located in the heart of the I-270 Corridor between the cities of Gaithersburg and Rockville and the town of Washington Grove. […]
News Release: Metro, Montgomery County seeking developer to create major life sciences, mixed-use project at North Bethesda
For immediate release: July 29, 2024 Metro and Montgomery County officials launched an initiative Wednesday, to seek an experienced developer to build a major transit-oriented life sciences center at the North Bethesda Metrorail Station, that will include housing, office, retail, and public spaces. Metro announced the issuance of a Request for Qualifications for a developer […]
News Releases: Triad Group Announces Sale of Watertown’s Elm Street Labs
NEWS PROVIDED BY The Triad Group Jul 25, 2024, 14:11 ET BOSTON, July 25, 2024 /PRNewswire/ — The Triad Group announced the sale of its most recent development, “Elm Street Lab’s” in Watertown, MA to Cambridge based Shannon Life Sciences. The 74,670sf property is a new construction state-of-the-art life sciences building that is ready for […]
News Release: Governor Cooper Announces Global Pet Healthcare Company Will Create 275 Jobs in Wilson County
Tuesday, July 23, 2024 IDEXX will invest $147 million to establish manufacturing site in Wilson Raleigh, N.C. Today, Governor Roy Cooper announced that IDEXX Laboratories, Inc. (NASDAQ: IDXX), a global leader in pet healthcare innovation, will establish a new manufacturing plant in Wilson County, creating 275 jobs. The company will invest $147 million in Wilson. […]