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Life Sciences

Velocis acquires the 89,640-square-foot office building at 1500 & 1550 Research Blvd. on 7.45 acres in Rockville, Md. (photo credit: CBRE)

News Release: Velocis Acquires 90k SF of Rockville Office Space in JV with Altus Realty; Plans Life Science/Lab Space Conversion

Two-Building Research Square located in the desirable Shady Grove biotech cluster ROCKVILLE, MD. – (July 27, 2022) – Velocis, a Dallas, Texas-based private equity real estate manager, acquired the two-building Research Square at 1500 & 1550 Research Blvd. in the Shady Grove submarket of Rockville, Md., in a joint venture with Arlington, Va.-based Altus Realty. […]

News Release: CBRE to Broker Lease New Life Science Conversion in Newark, Calif. and Expand San Francisco Bay Area Life Sciences Hub

News Release: CBRE to Broker Lease New Life Science Conversion in Newark, Calif. and Expand San Francisco Bay Area Life Sciences Hub

City of Newark grants permits to Buchanan Street Partners for $12 million renovation San Jose, Calif. – July 26, 2022 – CBRE announced it will be leasing the Newark Science Center, a new life science conversion of a two-story, R&D facility. The 50,000 sq. ft. state-of-the-art life science/lab facility is located in Newark, Calif and […]

News Release: Alexandria Real Estate Equities, Inc. Reports: 2Q22 and 1H22 Net Income per Share – Diluted of $1.67 and $0.74, respectively; and 2Q22 and 1H22 FFO per Share – Diluted, As Adjusted, of $2.10 and $4.15, respectively

PASADENA, Calif., July 25, 2022 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced financial and operating results for the second quarter ended June 30, 2022. Alexandria Real Estate Equities, Inc. All Rights Reserved ©2022 (PRNewsfoto/Alexandria Real Estate Equities, Inc.) Alexandria Real Estate Equities, Inc. All Rights Reserved ©2022 (PRNewsfoto/Alexandria Real Estate Equities, Inc.) Alexandria […]

Joseph Simone at Hutchinson Metro Center overlooking site of campus expansion

News Release: Suburban Laboratories Lose Luster As Life Sciences Seek Urban Settings

Suburban research laboratories face increasing competition from urban centers as proximity to talent and capital drive life science companies’ site-location choices, said Joseph Simone of Simone Development Companies. BRONX, N.Y. (PRWEB) JULY 25, 2022 — Suburban research laboratories face increasing competition from urban centers as proximity to talent and capital drive life science companies’ site-location […]

News Release: Eikon Therapeutics Announces Lease for East Coast Base of Operations in New York City

HAYWARD, Calif. & NEW YORK, July 21, 2022 –(BUSINESS WIRE)–Eikon Therapeutics Inc., a biotechnology company that applies advanced engineering and high-performance computing to the identification of important new medicines, today announced the execution of a lease with Alexandria Real Estate Equities, Inc. for its new East Coast base of operations located in the Alexandria Center® […]

News Release: Cushman & Wakefield San Diego Life Sciences Report Q2 2022

ECONOMIC OVERVIEW The total nonfarm employment in San Diego grew by 83,900 or +5.9% year-over-year (YOY) between May 2021 through May 2022. During the same time, the monthly unemployment rate decreased from 6.6% last year to 2.7% and is currently 100 basis points (bps) below the quarterly average of 3.7%.1 The annual unemployment rate is […]

News Release: Oxford completes speculative 130,000 sq ft office to lab conversion in Seattle to meet market demand

News Release: Oxford completes speculative 130,000 sq ft office to lab conversion in Seattle to meet market demand

Only two of nine R&D floors remain available for lease as Seattle’s Boren Lofts office development becomes life sciences-ready Boren Labs. SEATTLE, July 19, 2022 — Oxford Properties Group (“Oxford”), a leading global real estate investor, asset manager and business builder, has completed the conversion of the 136,000 sq ft Boren Lofts office building in […]

News Release: Newmark Completes Recapitalization of 300 Third Street in Cambridge, Massachusetts

News Release: Newmark Completes Recapitalization of 300 Third Street in Cambridge, Massachusetts

Fourth recapitalization completed by Newmark’s Boston Capital Markets Group for the seller along Kendall Square’s Binney Street corridor, bringing total consideration to $3.2 billion since 2019 CAMBRIDGE, Mass., July 18, 2022  — Newmark announces the recapitalization of 300 Third Street, a six-story 131,963-square-foot Class A laboratory/office asset located in Cambridge, Massachusetts. Newmark Co-Head of U.S. Capital […]

News Release: Berkadia Adds New Specialty Group, Medical & Life Sciences, To Platform

News Release: Berkadia Adds New Specialty Group, Medical & Life Sciences, To Platform

Atlanta, GA – July 14, 2022 – Berkadia announced today the addition of Senior Managing Director Sabrina Solomiany who will lead Berkadia’s newest specialty group, Medical & Life Sciences. Solomiany will sit in the Atlanta office and will report to SVP – Deputy Head of Investment Sales Mike Miner. “We’re thrilled to add to Berkadia’s […]

News Release: Trammell Crow Company and Invesco Real Estate Partner to Develop State-of-the-Art Life Science Building in Boston

News Release: Trammell Crow Company and Invesco Real Estate Partner to Develop State-of-the-Art Life Science Building in Boston

Boston, MA | July 13, 2022 — Trammell Crow Company (TCC), a global commercial real estate developer, and joint venture partner Invesco Real Estate, a global real estate investment manager, announced plans to develop a purpose-built, state-of-the-art life science building in Lexington, Massachusetts. Located at 440 Bedford, the completed development will be a six-story, Class […]

News Release: Westat to Sell Research Square for $25.5M

News Release: Westat to Sell Research Square for $25.5M

FOR IMMEDIATE RELEASE CBRE represented Westat in this life sciences conversion opportunity Washington, D.C.– July 12, 2022 – Westat, an employee-owned research company headquartered in Rockville, Maryland, completed the sale of Research Square for $25.5 million. The site represents a premier life sciences conversion opportunity located in Rockville, Maryland, the life sciences hub of the […]

Life Sciences: Growth in Cell & Gene Therapy predicts a wave of demand for biomanufacturing space

Life Sciences: Growth in Cell & Gene Therapy predicts a wave of demand for biomanufacturing space

The complexities of the emerging sub-asset class are creating both challenges and opportunities for growing companies looking for speed to market CHICAGO, July 11, 2022 – As life sciences employment grows in both major and emerging life sciences markets, advancements in innovation are accelerating across the United States. Yet real estate development occurs on a […]

News Release: Newmark Completes Sale of 100 Rustcraft Road in Dedham, Massachusetts

News Release: Newmark Completes Sale of 100 Rustcraft Road in Dedham, Massachusetts

RJ Kelly and Independencia Asset Management sell flex/R&D/laboratory asset to Invesco Real Estate DEDHAM, Mass., July 11, 2022  — Newmark announces the sale of 100 Rustcraft Road, a flex, R&D and laboratory asset located in the suburban Boston community of Dedham, Massachusetts. Newmark Co-Head of U.S. Capital Markets Robert Griffin, Executive Vice Chairman Edward Maher, Vice […]

News Release: CBRE Investment Management Fund Acquires Majority Interest in Class A Life Sciences Property in Boston’s East Cambridge Neighborhood

News Release: CBRE Investment Management Fund Acquires Majority Interest in Class A Life Sciences Property in Boston’s East Cambridge Neighborhood

Fund Further Expands Emerging Growth Portfolio in the Top Life Sciences Market in the U.S. BOSTON, Mass., July 6, 2022 — A fund sponsored by CBRE Investment Management has acquired a majority interest in 300 Third Street, a 132,000-square-foot, Class A life sciences building located in the Kendall Square/East Cambridge neighborhood of Boston, through a […]

News Release: Longfellow Welcomes Jordan Betz as Newest Managing Director, Portfolio Leasing

News Release: Longfellow Welcomes Jordan Betz as Newest Managing Director, Portfolio Leasing

Durham, NC (July 5, 2022) – Longfellow Real Estate Partners, the largest privately held investor and developer of life science buildings in the US, has announced the addition of Jordan Betz as Managing Director, Portfolio Leasing. As Managing Director, Portfolio Leasing, Jordan will execute the firm’s strategic business plans throughout its national and international portfolio […]