News Release: Just Closed –100% Leased to Duke Health with 10+ Years of Term in the Heart of Durham’s Research Triangle
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 Plaza (the “Property”) located in Durham, North Carolina. Lee Asher, Zack Holderman, Jordan Selbiger, Trent Jemmett, and Cole Reethof partnered with Ben Kilgore of […]
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: 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 […]
News Release: Diversified Healthcare Trust Announces First Quarter 2023 Results
May 08, 2023 04:15 PM Eastern Daylight Time NEWTON, Mass.–(BUSINESS WIRE)–Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended March 31, 2023, which can be found at the Quarterly Reports section of DHC’s website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx. A conference call to discuss DHC’s first quarter 2023 financial results will be held on Tuesday, […]
News Release: D2 Capital Advisors Arranges $130,000,000 Construction Financing for Center City Trophy Life Science Development in Philadelphia, PA
NEWS PROVIDED BY D2 Capital Advisors May 08, 2023, 09:42 ET PHILADELPHIA, May 8, 2023 /PRNewswire/ — D2 Capital Advisors arranged $130,000,000 in construction financing for the development of 2300 Market Street, a 223,000 square foot state-of-the-art life science project in Philadelphia’s Center City West submarket being developed by Breakthrough Properties, a leading global developer of […]
Life Sciences: Office REITs are leaning in to life sciences
Firms are focusing on LSRE as the traditional office sector struggles NATIONWIDE – Diversified real estate investment trusts (REITs) are placing a greater emphasis on life sciences real estate (LSRE) these days as the traditional office sector struggles. As first quarter (Q1) earnings reports continue to be released, it is growing increasingly apparent that LSRE […]
News Release: Breakthrough Properties Closes Financing and Commences Construction on World-Class Life Sciences Development in Premier Philadelphia Location
NEWS PROVIDED BY Breakthrough Properties May 03, 2023, 15:11 ET “2300 Market by Breakthrough” in Center City is fast-tracked for delivery in 2024 PHILADELPHIA, May 3, 2023 /PRNewswire/ — Breakthrough Properties, a leading global developer of life sciences real estate backed by a joint venture of Tishman Speyer and Bellco Capital, today announced it has closed […]
