• .
    .

Life Sciences

NexCore and HATCHspaces announce the grand opening of HATCHlabs @ Irvine Spectrum located at 3 Burroughs in Irvine, Calif.

News Release: First post-incubation life science facility in Orange County completed by NexCore Group & HATCHspaces

NEWS PROVIDED BY NexCore Group Sep 22, 2022, 16:42 ET DENVER & LOS ANGELES, Sept. 22, 2022 /PRNewswire/ — NexCore Group, a leading health care developer, and HATCHspaces®, a real estate development platform focused on creating purpose-built life sciences facilities, have completed a full building transformation of an office building in Irvine, Calif. to a specialized, […]

News Release: MidCap Financial Closes First Mortgage on a 72,538 Square Foot Office Condominium in UCity Square, Philadelphia, PA to be Repurposed for Life Sciences and Medical Uses.

BETHESDA, MD, September 21, 2022 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it recently closed a $24,660,000 transaction with Sounding Capital Partners. The floating rate first mortgage loan facilitated the acquisition and repositioning of a 72,538 square foot office condominium located at 3624 Market Street in UCity […]

News Release: Thermo Fisher Scientific Partners with Pennsylvania Biotechnology Center to Support Life Sciences Growth in Philadelphia

Lab incubators offer biotech residents flexible, plug & play lab and research space within a specialized network of resources, programming, and expertise WALTHAM, Mass., Sept. 21, 2022, (BUSINESS WIRE)–The Pennsylvania Biotechnology Center (PABC) announced that Thermo Fisher Scientific has become a founding sponsor supporting the PABC campus in Doylestown, Pa., and their new B+Labs incubator […]

News Release: TMC CEO unveils Plans for Growth of Texas Medical Center as a Leading Life Science Corridor

News Release: TMC CEO unveils Plans for Growth of Texas Medical Center as a Leading Life Science Corridor

Annual State of the TMC showcases emerging campuses at Texas Medical Center September 20, 2022 03:18 PM Eastern Daylight Time HOUSTON–(BUSINESS WIRE)–William (Bill) McKeon, President and CEO of Texas Medical Center, today shared plans for the continued strategic growth of the Texas Medical Center at the annual State of the TMC, hosted by the Greater […]

Conceptual rendering of 300 Binney St., Cambridge, post-renovation. Courtesy of HGA and BXP. This design has not been approved and is subject to change. (By Broad Communications)

News Release: Broad Institute expands in Kendall Square, leases additional 225,000 square-foot lab and office building for advanced biomedical research

NEWS / 09.20.22 Addition of six-story facility will bring Broad’s footprint in Kendall to nearly one million square feet, significantly increasing lab space for scientific innovation Broad Institute of MIT and Harvard plans to further expand in Kendall Square through the long-term lease of a 225,000 square foot facility at 300 Binney Street in Cambridge. […]

News Release: BXP Expands Life Sciences Portfolio in Kendall Square in Cambridge, MA

News Release: BXP Expands Life Sciences Portfolio in Kendall Square in Cambridge, MA

September 20, 2022 06:45 AM Eastern Daylight Time Completes Acquisition of 125 Broadway & Signs Lease to Redevelop 300 Binney Street BOSTON–(BUSINESS WIRE)–Sep. 20, 2022– BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today that it completed the acquisition of 125 Broadway, a six-story, […]

News Release: LPC West and Intercontinental Real Estate Corporation Close on Future 9-Story Life Sciences Building Near Seattle’s Space Needle

News Release: LPC West and Intercontinental Real Estate Corporation Close on Future 9-Story Life Sciences Building Near Seattle’s Space Needle

SEATTLE, Sept. 15, 2022, (BUSINESS WIRE)–LPC West, the West Coast arm of national real estate firm Lincoln Property Company, has partnered with Intercontinental Real Estate Corporation (“Intercontinental”) to close on a future 9-story office building near Seattle’s Space Needle, with plans to develop the property into a life sciences space. Located on the border of […]

xxx

Life Sciences: LSRE conversions from coast to coast

From car dealerships to department stores, its seems that almost any property is fair game By Murray W. Wolf With lab space at a premium in nearly every cluster, life sciences real estate (LSRE) developers and investors have proposed or started construction of a dizzying array of mostly speculative facilities so far this year. There […]

The Doheny Eye Institute is now open in Pasadena. 
Photo: Jun Tang

News Release: Doheny Eye Institute Opens its Headquarters in Pasadena (Calif.)

NEWS PROVIDED BY Abbott Construction Sep 14, 2022, 10:37 ET Life Science Proves a Powerful Answer to Vacant Office Space PASADENA, Calif., Sept. 14, 2022 /PRNewswire/ — The new headquarters for Doheny Eye Institute, affiliated with UCLA Stein Eye Institute, are now open. Located at the former Avery Dennison campus on North Orange Grove Boulevard, […]

Life Sciences: CBRE Q2 2022 National Healthcare & Life Sciences Real Estate Investor Update

Life Sciences: CBRE Q2 2022 National Healthcare & Life Sciences Real Estate Investor Update

Q2 2022 National Healthcare & Life Sciences Real Estate Investor Update Key Takeaways from the Q2 2022 Issue: Medical Office • Medical office transactions slowed in Q2 2022 compared to the previous quarter. Quarter-over-quarter transaction volume dropped to $2.9 billion from $3.4 billion, a 14% decrease. • Despite a decrease in transaction volumes during the […]

Life Sciences: Drexel Opens Health Sciences Building, Solidifying Its Place As a Leader in Health Care Education and Scientific Training

Life Sciences: Drexel Opens Health Sciences Building, Solidifying Its Place As a Leader in Health Care Education and Scientific Training

SEPTEMBER 13, 2022 PHILADELPHIA — In a historic move, Drexel University will open a new 460,000-square-foot, state-of-the-art academic home that will bring together the University’s College of Nursing and Health Professions, College of Medicine, and Graduate School of Biomedical Sciences and Professional Studies in University City, enhancing collaboration, research and practice opportunities. The Health Sciences […]

News Release: Citizens provides $113.6 million loan to Longfellow Real Estate Partners

News Release: Citizens provides $113.6 million loan to Longfellow Real Estate Partners

09/13/2022 Funds to finance acquisition of Emeryville, Calif., properties and conversion into life science labs PROVIDENCE, RI – Citizens announced today that its Commercial Real Estate Finance team provided a $113.6 million loan to Boston-based Longfellow Real Estate Partners for the development of a new 190,000 square-foot life science lab complex in Emeryville, Calif. Citizens […]

News Release: Alexandria Real Estate Equities, Inc. Recognizes Important Milestones in Its Pioneering of New York City's Commercial Life Science Cluster

News Release: Alexandria Real Estate Equities, Inc. Recognizes Important Milestones in Its Pioneering of New York City’s Commercial Life Science Cluster

Alexandria Real Estate Equities, Inc. Recognizes Important Milestones in Its Pioneering of New York City’s Commercial Life Science Cluster, the Only Early-Stage Life Science Ecosystem Among the Major Life Science Clusters in the United States NEWS PROVIDED BY Alexandria Real Estate Equities, Inc. Sep 12, 2022, 16:05 ET Innovating at the vanguard and heart of New […]

News Release: Kilroy Realty Increases Common Dividend 3.8%

September 08, 2022 04:04 PM Eastern Daylight Time LOS ANGELES–(BUSINESS WIRE)–Kilroy Realty Corporation (NYSE: KRC, “Kilroy”) announced today that its board of directors declared a regular quarterly cash dividend of $0.54 per common share payable on October 12, 2022 to stockholders of record on September 30, 2022. The dividend is equivalent to an annual rate […]

Life Sciences: $278M financing secured for Massachusetts life science development

Life Sciences: $278M financing secured for Massachusetts life science development

JLL Capital Markets arranged the construction loan for the 334,000-square-foot Boynton Gateway project in Somerville, Massachusetts BOSTON, Sept. 8, 2022 – JLL Capital Markets announced today that it has arranged the $278 million construction financing for Boynton Gateway, a to-be-developed, nine-story, 334,000-square-foot life science facility in Somerville, Massachusetts. JLL represented the borrower, a joint venture […]