Life Sciences: Alexandria sees ‘solid indicators’ of a rebound
REIT’s Q1 occupancy was steady at 94.6% and its project pipeline is 80% pre-leased By Murray W. Wolf PASADENA, Calif. – As perhaps evidence of a nascent recovery in the life sciences real estate (LSRE) sector, Alexandria Real Estate Equities Inc. (NYSE: ARE) reported strong first quarter (Q1) 2024 results Monday, April 22. The Pasadena-based […]
News Release: TCC and Partners Announce Completion of Science Square Phase 1 in Atlanta
PRESS RELEASE Phase 1 includes Science Square Labs, a 370K-SF Life Science Building, and The Grace, a 280-Unit Residential Tower ATLANTA, GA, April 25, 2024 — Trammell Crow Company (TCC), a global real estate developer, and Georgia Advanced Technology Ventures (GATV), an affiliate of the Georgia Institute of Technology, have completed construction on the first […]
News Release: BNBuilders Embarks on New Project for Umoja Biopharma
NEWS PROVIDED BY BNBuilders Apr 23, 2024, 09:15 ET LOUISVILLE, Colo., April 23, 2024 /PRNewswire/ — BNBuilders has begun a tenant improvement at Umoja Biopharma’s cutting-edge cGMP manufacturing facility. The project encompasses approximately 18,000 square feet of space dedicated to fostering a collaborative and innovative work environment for Umoja Biopharma’s team. It includes: Open and private […]
News Release: Alexandria Real Estate Equities, Inc. Reports: 1Q24 Net Income per Share – Diluted of $0.97; and 1Q24 FFO per Share – Diluted, as Adjusted, of $2.35
NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. Apr 22, 2024, 16:10 ET PASADENA, Calif., April 22, 2024 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced financial and operating results for the first quarter ended March 31, 2024. Key highlights Operating results 1Q24 1Q23 Total revenues: In millions $ 769.1 $ 700.8 Growth 9.7 % Net income attributable […]
News Release: Lilly Acquires New Injectable Medicine Manufacturing Facility from Nexus Pharmaceuticals
April 22, 2024 Upon completion, this acquisition will expand Lilly’s growing U.S. capacity to produce the latest life-changing medicines INDIANAPOLIS and LINCOLNSHIRE, Ill., April 22, 2024 – Eli Lilly and Company (NYSE: LLY) and Nexus Pharmaceuticals, LLC today announced a definitive agreement for Lilly to acquire a manufacturing facility from Nexus, a leading sterile manufacturer […]
Life Sciences: Tishman Speyer to expand Boston research campus
Phase B would add more than 1M s.f. to the Enterprise Research Campus project on Harvard-owned land By Murray W. Wolf Tishman Speyer and Harvard University are proceeding with the next phase of their mixed-use research campus west of the Charles River, across from the university’s main campus in Boston. New York-based Tishman filed a […]
News Release: Hines Signs Pranax To Levit Green, Houston’s Premier Life Science Campus
Regenerative Science Biotech Firm Secures State-of-the-Art, Ready-to-Occupy Laboratory APRIL 16, 2024 (HOUSTON) – Hines, the global real estate investment manager, in partnership with 2ML Real Estate Interests and Harrison Street, today announced the next lease at Levit Green, the 53-acre mixed-use life sciences-centric district adjacent to the Texas Medical Center in Houston, Texas. PranaX, a […]
News Release: IBT Group Selects Cushman & Wakefield to Lease and Manage The Terminal, a State-of-the-Art Research Facility in Chicago
For Immediate Release Cushman & Wakefield’s Karoline Eigel, Steve Milenkov and Caroline Buck will Lead Leasing and Management of Three-Building Research Complex in Humboldt Park CHICAGO, April 16, 2024 – Cushman & Wakefield announced today that locally based IBT Group, LLC., in partnership with Mansueto Office, Inc. has selected the firm to lease and manage […]
News Release: Solugen Breaks Ground on Bioforge™ Marshall Facility, Bolstering U.S. Biomanufacturing Capabilities
NEWS PROVIDED BY Solugen Inc. MARSHALL, Minn., April 11, 2024 /PRNewswire/ — Solugen, a rapidly scaling climate technology company revolutionizing everyday chemicals, broke ground on its new state-of-the-art biomanufacturing facility today during a ceremony held in Marshall, Minn. The new facility is the result of a strategic partnership with ADM (NYSE: ADM), a global leader in […]
News Release: IRA Capital acquires 237,000 life science/R&D campus in Columbus
PRESS RELEASE FOR IMMEDIATE RELEASE 3435 Stelzer Road in the Easton Submarket of Columbus is home to Sarepta Therapeutics’ Gene Therapies Center of Excellence Irvine, CA – April 11, 2024 – IRA Capital (“IRA”), a Southern California-based real estate private equity firm, is pleased to announce the acquisition of a 237,000 square-foot life science campus […]
News Release: Strategic Solutions in Healthcare Real Estate: The RTG Approach
KNOXVILLE, Tenn., April 11, 2024 /PRNewswire/ — Realty Trust Group (RTG) recognizes that healthcare organizations often struggle with critical decisions related to real estate. While clients often focus on cost and time, RTG emphasizes aligning these decisions with broader business objectives. Rather than immediately addressing questions about costs and schedules, RTG begins by understanding the […]
News Release: Longfellow Real Estate Partners Delivers Move-In Ready Life Science Space at Preserve Labs
Real estate investor provides new 30,000 SF Class A lab space for immediate occupancy by life science and biotech companies in the I-270 corridor Rockville, MD (April 8, 2024) – Longfellow Real Estate Partners, one of the largest privately owned investors and developers of life science real estate, has delivered 30,000 square feet of Class […]
Life Sciences: LSRE developers are still developing
There are still opportunities if you have the right ingredients, Revista panelists agree By Murray W. Wolf Editor’s note: This article is part two of our coverage of a recent panel discussion on life sciences real estate (LSRE) development. Part one appeared last week. PASADENA, Calif. – In light of a 43.8 percent decline in […]
News Release: Gov. Kemp: Life Sciences Manufacturer Meissner to Create 1,700 Jobs in Athens-Clarke County
Atlanta, GA – Governor Brian P. Kemp today announced that Meissner Corporation, an industry leader in advanced microfiltration and therapeutic manufacturing systems, will invest nearly $250 million in a new facility in Athens-Clarke County. The project will create more than 1,700 jobs over the next eight years. “As the No. 1 state for business, Georgia remains […]
News Release: Margulies Perruzzi Completes Innovation & Conference Center for Boston Scientific
BOSTON – April 4, 2024 – Margulies Perruzzi (MP), one of New England’s most innovative architectural and interior design firms, announced today that it has completed renovations to create an Innovation & Conference Center for Boston Scientific Corporation, a global medical technology leader. The centralized training center creates a 20,000 SF area featuring state-of-the-art technology […]